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REGISTERED NUMBER: 13962738 (England and Wales)


















Unaudited Financial Statements

for the Period 8th March 2022 to 5th April 2023

for

Tillside Limited

Tillside Limited (Registered number: 13962738)






Contents of the Financial Statements
for the period 8th March 2022 to 5th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tillside Limited

Company Information
for the period 8th March 2022 to 5th April 2023







DIRECTOR: C G Rowles Nicholson DL





REGISTERED OFFICE: Temple Garth
Willoughton
Gainsborough
DN21 5RT





REGISTERED NUMBER: 13962738 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Tillside Limited (Registered number: 13962738)

Balance Sheet
5th April 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 12,817,424

CURRENT ASSETS
Cash at bank 71,466

CREDITORS
Amounts falling due within one year 5 2,469,897
NET CURRENT LIABILITIES (2,398,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,418,993

PROVISIONS FOR LIABILITIES 2,604,481
NET ASSETS 7,814,512

CAPITAL AND RESERVES
Called up share capital 500
Revaluation reserve 7,813,443
Retained earnings 569
7,814,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5th April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 5th April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th November 2023 and were signed by:




C G Rowles Nicholson DL - Director


Tillside Limited (Registered number: 13962738)

Notes to the Financial Statements
for the period 8th March 2022 to 5th April 2023

1. STATUTORY INFORMATION

Tillside 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
The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rate used is as follows:

Freehold land Nil

Taxation
Taxation for the period 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 period 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 period was NIL.

Tillside Limited (Registered number: 13962738)

Notes to the Financial Statements - continued
for the period 8th March 2022 to 5th April 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
Additions 2,399,500
Revaluations 10,417,924
At 5th April 2023 12,817,424
NET BOOK VALUE
At 5th April 2023 12,817,424

Cost or valuation at 5th April 2023 is represented by:

Land and
buildings
£   
Valuation in 2022 10,417,924
Cost 2,399,500
12,817,424

The land was valued by an external valuer, DDM Agriculture, on 4 April 2022. The directors have revisited this value and do not believe that there has been any material change in valuation at 5 April 2023.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 7,199
Taxation and social security 3,610
Other creditors 2,459,088
2,469,897

6. RELATED PARTY DISCLOSURES

Other related parties

2023
£
Amount due to related party 2,437,088
Land purchased from related party 1,800,000