12 August 2022 v2023.26.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP142938432022-08-122023-08-31142938432023-08-3114293843core:WithinOneYear2023-08-3114293843core:ShareCapital2023-08-3114293843core:RevaluationReserve2023-08-3114293843core:RetainedEarningsAccumulatedLosses2023-08-3114293843bus:Director12022-08-122023-08-3114293843core:LandBuildings2022-08-122023-08-3114293843core:LandBuildings2023-08-3114293843core:AdditionsToInvestments2023-08-3114293843core:RevaluationsIncreaseDecreaseInInvestments2023-08-3114293843core:CostValuation2023-08-311429384312022-08-122023-08-3114293843countries:EnglandWales2022-08-122023-08-3114293843bus:AuditExemptWithAccountantsReport2022-08-122023-08-3114293843bus:PrivateLimitedCompanyLtd2022-08-122023-08-3114293843bus:SmallEntities2022-08-122023-08-3114293843bus:FullAccounts2022-08-122023-08-31
Company registration number:
14293843
T.S.L. 23 Ltd
Unaudited Filleted Financial Statements for the period ended
31 August 2023
BookSmart Accounting Limited
49 Bridgeside, Carnforth, Lancashire, LA5 9LF, United Kingdom
T.S.L. 23 Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of T.S.L. 23 Ltd
Period ended
31 August 2023
As described on the statement of financial position, the Board of Directors of
T.S.L. 23 Ltd
are responsible for the preparation of the
financial statements
for the period ended
31 August 2023
, which comprise the income statement, statement of total comprehensive income, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
BookSmart Accounting Limited
49 Bridgeside
Carnforth
Lancashire
LA5 9LF
United Kingdom
Date:
3 November 2023
T.S.L. 23 Ltd
Statement of Financial Position
31 August 2023
31 Aug 2023
Note£
Fixed assets  
Tangible assets 4
1,080,533
 
Investments 5
2,655,150
 
3,735,683
 
Current assets  
Debtors 6
4,538
 
Cash at bank and in hand
101,806
 
106,344
 
Creditors: amounts falling due within one year 7
(26,368
)
Net current assets
79,976
 
Total assets less current liabilities 3,815,659  
Capital and reserves  
Called up share capital
100
 
Revaluation reserve
98,250
 
Profit and loss account
3,717,309
 
Shareholders funds
3,815,659
 
For the period ending
31 August 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
3 November 2023
, and are signed on behalf of the board by:
Simon Bell
Director
Company registration number:
14293843
T.S.L. 23 Ltd
Notes to the Financial Statements
Period ended
31 August 2023

1 General information

2 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Fixed asset investments

Investments are recorded at cost less any accumulated impairment losses. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in the profit and loss account.

3 Average number of employees

The average number of persons employed by the company during the period was
2
.

4 Tangible assets

Land and buildings
£
Cost or valuation  
At
12 August 2022
-  
Additions
982,283
 
Revaluations
98,250
 
At
31 August 2023
1,080,533
 
Depreciation  
At
12 August 2022
and
31 August 2023
-  
Carrying amount  
At
31 August 2023
1,080,533
 

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildings
31 Aug 2023
£
Aggregate historical cost 982,283  
Carrying amount 982,283  

5 Investments

Shares in group undertakings and participating interestsOther investments other than loansTotal
£££
Cost or valuation      
At
12 August 2022
-   -   -  
Additions
108
 
2,588,687
 
2,588,795
 
Revaluations -  
66,355
 
66,355
 
At
31 August 2023
108
 
2,655,042
 
2,655,150
 
Impairment      
At
12 August 2022
and
31 August 2023
-   -   -  
Carrying amount      
At
31 August 2023
108
 
2,655,042
 
2,655,150
 

6 Debtors

31 Aug 2023
£
Trade debtors
4,538
 

7 Creditors: amounts falling due within one year

31 Aug 2023
£
Trade creditors
990
 
Taxation and social security
24,878
 
Other creditors
500
 
26,368