Registered number
13192375
Thomas & Thomas Developments Ltd
Filleted Accounts
28 February 2023
Thomas & Thomas Developments Ltd
Registered number: 13192375
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 357,575 235,940
Current assets
Cash at bank and in hand 7,861 21,010
Creditors: amounts falling due within one year 4 (265,898) (164,393)
Net current liabilities (258,037) (143,383)
Total assets less current liabilities 99,538 92,557
Creditors: amounts falling due after more than one year 5 (98,814) (100,330)
Net assets/(liabilities) 724 (7,773)
Capital and reserves
Called up share capital 100 100
Profit and loss account 624 (7,873)
Shareholders' funds 724 (7,773)
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.
Mr Thomas Edward Fenard
Director
Approved by the board on 21 June 2023
Thomas & Thomas Developments Ltd
Notes to the Accounts
for the year ended 28 February 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 represents the total invoice value of rents and other property income due in the year falling within the company's ordinary activities.
Tangible fixed assets
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Freehold buildings Not depreciated
Plant and machinery over 5 years
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 235,940 - 235,940
Additions 119,472 2,704 122,176
At 28 February 2023 355,412 2,704 358,116
Depreciation
Charge for the year - 541 541
At 28 February 2023 - 541 541
Net book value
At 28 February 2023 355,412 2,163 357,575
At 28 February 2022 235,940 - 235,940
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,515 1,438
Taxation and social security costs 273 -
Other creditors 264,110 162,955
265,898 164,393
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 98,814 100,330
6 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 91,881 93,754
Secured bank loans 100,329 101,768
Mortgage secured over freehold properties owned by the company.
7 Other information
Thomas & Thomas Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20 Waun Y Groes Road
Cardiff
South Glamorgan
CF14 4SW
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