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REGISTERED NUMBER: 14278502 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 5 AUGUST 2022 TO 31 AUGUST 2023

FOR

TAFFANDY HOMES LTD

TAFFANDY HOMES LTD (REGISTERED NUMBER: 14278502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 AUGUST 2022 TO 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAFFANDY HOMES LTD

COMPANY INFORMATION
FOR THE PERIOD 5 AUGUST 2022 TO 31 AUGUST 2023







DIRECTORS: U C Makoni
A T Makoni





REGISTERED OFFICE: Unit 6 Riverside Business Centre
Brighton Road
Shoreham-By-Sea
West Sussex
BN43 6RE





REGISTERED NUMBER: 14278502 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

TAFFANDY HOMES LTD (REGISTERED NUMBER: 14278502)

BALANCE SHEET
31 AUGUST 2023

Notes £   
FIXED ASSETS
Investment property 4 346,984

CURRENT ASSETS
Debtors 5 1,663
Cash at bank 6,131
7,794
CREDITORS
Amounts falling due within one year 6 (112,283 )
NET CURRENT LIABILITIES (104,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,495

CREDITORS
Amounts falling due after more than one
year

7

(249,484

)
NET LIABILITIES (6,989 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (7,089 )
(6,989 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TAFFANDY HOMES LTD (REGISTERED NUMBER: 14278502)

BALANCE SHEET - continued
31 AUGUST 2023


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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





A T Makoni - Director


TAFFANDY HOMES LTD (REGISTERED NUMBER: 14278502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 AUGUST 2022 TO 31 AUGUST 2023

1. STATUTORY INFORMATION

Taffandy Homes Ltd 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable on investment properties for the accounting period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 346,984
At 31 August 2023 346,984
NET BOOK VALUE
At 31 August 2023 346,984

TAFFANDY HOMES LTD (REGISTERED NUMBER: 14278502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 AUGUST 2022 TO 31 AUGUST 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 346,984

The first property was purchased in October 2022 and has not been revalued at the year end of August 2023. The director does not believe the market value would have changed in this period.

The second property was purchased in October 2022 and has not been revalued at the year end of August 2023. The director does not believe the market value would have changed in this period.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 112,283

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 249,484

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Interest only mortgage 249,484

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Mortgage 249,484

Included in creditors due after 1 year is an amount of £249,484, which is secured on the properties.