Registered number
06753819
T&S Estates Limited
Unaudited Filleted Accounts
31 January 2023
T&S Estates Limited
Registered number: 06753819
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 12,089,377 12,089,377
Current assets
Debtors 4 571,278 526,171
Cash at bank and in hand 28,661 266,602
599,939 792,773
Creditors: amounts falling due within one year 5 (193,410) (503,342)
Net current assets 406,529 289,431
Total assets less current liabilities 12,495,906 12,378,808
Creditors: amounts falling due after more than one year 6 (6,861,489) (6,791,178)
Provisions for liabilities (1,019,310) (1,019,310)
Net assets 4,615,107 4,568,320
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 4,345,480 4,345,480
Profit and loss account 269,527 222,740
Shareholders' funds 4,615,107 4,568,320
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T Singh
Director
Approved by the board on 25 September 2023
T&S Estates Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is based on rent receivable on residential properties. Any unpaid rent is recognised as bad debts. Any deposits received in advance are classified as liabilities in the accounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2022 12,089,377
At 31 January 2023 12,089,377
Depreciation
At 31 January 2023 -
Net book value
At 31 January 2023 12,089,377
At 31 January 2022 12,089,377
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 562,786 526,171
Other debtors 8,492 -
571,278 526,171
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 74,347 81,600
Trade creditors 3,532 349,377
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 7,000
Taxation and social security costs 87,232 56,651
Accruals 3,000 8,190
Other creditors 25,299 524
193,410 503,342
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 6,002,687 6,019,781
Amounts owed to group undertakings and undertakings in which the company has a participating interest 26,115 -
Other creditors 832,687 771,397
6,861,489 6,791,178
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 5,765,300 5,765,300
Secured bank loans 6,077,034 6,101,381
The bank loan is secured by way of a first charge on the company's freehold properties. The loan is further secured by directors' limited personal guarantee.
8 Non-distributable reserve 2023 2022
£ £
At 1 February 2022 4,345,480 4,345,480
At 31 January 2023 4,345,480 4,345,480
9 Related party transactions
The company was owed by Mall Properties Ltd £378,600 (2021: £175,400). Both companies are under the common control of its directors.

The company was owed by Redsky Wholesalers £184,186 (2021: £177,886). Both companies are under the common control of its directors.

The company owed Redsky Homes Ltd £26,115 (2021: the company was owed £172,885). Both companies are under the common control of its directors.
10 Controlling party
The company is under the control of its directors by virtue of their shareholding in the issued share capital of the company.
11 Other information
T&S Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ellerhow
The Greenway
Chalfont St Peter
Gerrards Cross
SL9 8LX
T&S Estates Limited 06753819 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 T Singh No description of principal activity 06753819 2021-02-01 2022-01-31 06753819 core:WithinOneYear 2022-01-31 06753819 core:AfterOneYear 2022-01-31 06753819 core:ShareCapital 2022-01-31 06753819 core:OtherReservesSubtotal 2022-01-31 06753819 core:RetainedEarningsAccumulatedLosses 2022-01-31 06753819 core:RevaluationReserve 2021-01-31 06753819 2022-02-01 2023-01-31 06753819 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06753819 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 06753819 bus:Director40 2022-02-01 2023-01-31 06753819 1 2022-02-01 2023-01-31 06753819 2 2022-02-01 2023-01-31 06753819 countries:England 2022-02-01 2023-01-31 06753819 bus:FRS102 2022-02-01 2023-01-31 06753819 bus:FullAccounts 2022-02-01 2023-01-31 06753819 2023-01-31 06753819 core:WithinOneYear 2023-01-31 06753819 core:AfterOneYear 2023-01-31 06753819 core:ShareCapital 2023-01-31 06753819 core:OtherReservesSubtotal 2023-01-31 06753819 core:RetainedEarningsAccumulatedLosses 2023-01-31 06753819 core:LandBuildings 2023-01-31 06753819 core:RevaluationReserve 2023-01-31 06753819 2022-01-31 06753819 core:LandBuildings 2022-01-31 06753819 core:RevaluationReserve 2022-01-31 iso4217:GBP xbrli:pure