Registered number
10876923
TSLH Property Ltd
Unaudited Filleted Accounts
31 July 2023
TSLH Property Ltd
Registered number: 10876923
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 483 967
Investments 4 297,524 165,000
298,007 165,967
Current assets
Debtors 5 883 18
Cash at bank and in hand 7,540 40,690
8,423 40,708
Creditors: amounts falling due within one year 6 (49,978) (35,075)
Net current (liabilities)/assets (41,555) 5,633
Total assets less current liabilities 256,452 171,600
Creditors: amounts falling due after more than one year 7 (280,000) (165,000)
Provisions for liabilities (1,506) (1,013)
Net (liabilities)/assets (25,054) 5,587
Capital and reserves
Called up share capital 100 100
Profit and loss account (25,154) 5,487
Shareholders' funds (25,054) 5,587
The director is 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 director acknowledges his 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.
Sophia Tyrrell
Director
Approved by the board on 24 November 2023
TSLH Property Ltd
Notes to the Accounts
for the year ended 31 July 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).
The accounts are prepared on a going concern basis due to the continued financial support of the company's director.
Turnover
Turnover represents the value of rents generated from investment properties, and any other related income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Investments
Investments are made up of investment properties measured at fair value. Changes in fair value are included in the profit and loss account. The company has departed from FRS 102's requirement to provide depreciation on land and property in order for the accounts to show a true and fair view.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 1,450
At 31 July 2023 1,450
Depreciation
At 1 August 2022 483
Charge for the year 484
At 31 July 2023 967
Net book value
At 31 July 2023 483
At 31 July 2022 967
4 Investments
Other
investments
£
Cost
At 1 August 2022 165,000
Additions 129,924
Revaluation 2,600
At 31 July 2023 297,524
Historical cost
At 1 August 2022 159,671
At 31 July 2023 335,199
The aggregate fair value of investment properties at 31 July 2023 and 31 July 2022 has been estimated by the director based on open market value.
5 Debtors 2023 2022
£ £
Trade debtors 865 -
Other debtors 18 18
883 18
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 865 -
Other creditors 49,113 35,075
49,978 35,075
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 280,000 165,000
8 Controlling party
Sophia Tyrrell, the company's director, is the controlling party due to her ownership of the majority of the company's shares.
TSLH Property Ltd 10876923 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 Sophia Tyrrell No description of principal activity 10876923 2021-08-01 2022-07-31 10876923 core:WithinOneYear 2022-07-31 10876923 core:AfterOneYear 2022-07-31 10876923 core:ShareCapital 2022-07-31 10876923 core:RetainedEarningsAccumulatedLosses 2022-07-31 10876923 2022-08-01 2023-07-31 10876923 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10876923 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10876923 bus:Director40 2022-08-01 2023-07-31 10876923 1 2022-08-01 2023-07-31 10876923 2 2022-08-01 2023-07-31 10876923 core:PlantMachinery 2022-08-01 2023-07-31 10876923 bus:FRS102 2022-08-01 2023-07-31 10876923 bus:FullAccounts 2022-08-01 2023-07-31 10876923 2023-07-31 10876923 core:WithinOneYear 2023-07-31 10876923 core:AfterOneYear 2023-07-31 10876923 core:ShareCapital 2023-07-31 10876923 core:RetainedEarningsAccumulatedLosses 2023-07-31 10876923 core:PlantMachinery 2023-07-31 10876923 core:AdditionsToInvestments 2023-07-31 10876923 core:RevaluationsIncreaseDecreaseInInvestments 2023-07-31 10876923 2022-07-31 10876923 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure