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REGISTERED NUMBER: 10552497 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

TMJ Property Developments Limited

TMJ Property Developments Limited (Registered number: 10552497)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TMJ Property Developments Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: T James





REGISTERED OFFICE: 36 The Grange Fairwater Road
Llandaff
Cardiff
CF5 2LH





REGISTERED NUMBER: 10552497 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

TMJ Property Developments Limited (Registered number: 10552497)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 120,000 120,000

CURRENT ASSETS
Cash at bank 23,701 21,106

CREDITORS
Amounts falling due within one year 5 1,046 506
NET CURRENT ASSETS 22,655 20,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,655

140,600

CREDITORS
Amounts falling due after more than one
year

6

123,122

121,397
NET ASSETS 19,533 19,203

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 44,638 44,638
Retained earnings (25,205 ) (25,535 )
19,533 19,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:



T James - Director


TMJ Property Developments Limited (Registered number: 10552497)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

TMJ Property Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 120,000
NET BOOK VALUE
At 31 January 2023 120,000
At 31 January 2022 120,000

TMJ Property Developments Limited (Registered number: 10552497)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2021 120,000

If the property had not been revalued it would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 75,362 75,362

The property was valued on an open market basis on 11 August 2021 by Paragon .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other creditors 1,046 506

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 77,315 77,315
Other creditors 45,807 44,082
123,122 121,397

7. RESERVES
Revaluation
reserve
£   
At 1 February 2022
and 31 January 2023 44,638