Tytherington Investments Limited Filleted Accounts Cover
Tytherington Investments Limited
Company No. 00661631
Information for Filing with The Registrar
For the Year Ended
31 March 2023
Tytherington Investments Limited Balance Sheet Registrar
at
31 March 2023
Company No.
00661631
Notes
2023
2022
£
£
Fixed assets
Investment property
4
2,140,0012,140,001
2,140,0012,140,001
Current assets
Debtors
5
73,19781,075
73,19781,075
Creditors: Amount falling due within one year
6
(40,059)
(46,385)
Net current assets
33,13834,690
Total assets less current liabilities
2,173,1392,174,691
Net assets
2,173,1392,174,691
Capital and reserves
Called up share capital
7
1,0001,000
Undistributable reserves
8
2,087,2652,087,265
Profit and loss account
8
84,87486,426
Total equity
2,173,1392,174,691
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 12 October 2023
And signed on its behalf by:
A.M.E. Scrimgeour
Director
12 October 2023
Tytherington Investments Limited Notes to the Accounts Registrar
for the year ended 31 March 2023
1
General information
Its registered number is: 00661631
Its registered office is:
Office 8, No. 11 Riverside
Riverside Park
Farnham
Surrey
GU9 7UG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment property is carried at fair value determined annually at the balance sheet date and derived from current market rents and investment property yields for comparable real estate. Any surplus or deficit is dealt with through the profit and loss account.
No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at the Annual General Meeting.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2022
2,140,001
At 31 March 2023
2,140,001
5
Debtors
2023
2022
£
£
Trade debtors
39,82051,216
Deferred tax asset
2,2102,210
Greenhams Commercial
19,27510,100
Sinking Fund
4,0684,068
Prepayments and accrued income
7,82413,481
73,19781,075
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Corporation tax
50
50
Accruals and deferred income
40,00946,335
40,05946,385
7
Share Capital
Share capital includes following:
2023
2022
£
£
100 preference shares of £1 each
100
100
900 ordinary shares of £1 each
900
900
1,000
1,000
8
Reserves
Undistributable reserves
Total
undistributable
reserves
£
£
At 1 April 2021
2,087,265
2,087,265
At 31 March 2022 and 1 April 2022
2,087,265
2,087,265
At 31 March 2023
2,087,2652,087,265
Undistributable reserves - reflects the difference between the fair value of investment property and its historical cost net of deferred tax
Profit and loss account - includes all current and prior period retained profits and losses.
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