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REGISTERED NUMBER: 06056342 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

TAKELEY ESTATES LIMITED

TAKELEY ESTATES LIMITED (REGISTERED NUMBER: 06056342)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TAKELEY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: J Seabrook
J Christie





SECRETARY: J Seabrook





REGISTERED OFFICE: Takeley Manor
Upland Road
Epping Upland
Epping
Essex
CM16 6PB





REGISTERED NUMBER: 06056342 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

TAKELEY ESTATES LIMITED (REGISTERED NUMBER: 06056342)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,200,000 1,000,000

CURRENT ASSETS
Debtors 5 1,563 5,274
Cash at bank 8,203 3,924
9,766 9,198
CREDITORS
Amounts falling due within one year 6 396,001 455,719
NET CURRENT LIABILITIES (386,235 ) (446,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,765

553,479

CAPITAL AND RESERVES
Called up share capital 24 24
Non-distributable reserve 8 231,143 31,143
Retained earnings 582,598 522,312
SHAREHOLDERS' FUNDS 813,765 553,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





J Seabrook - Director


TAKELEY ESTATES LIMITED (REGISTERED NUMBER: 06056342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Takeley Estates 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
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 year 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 year 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 year was 2 (2022 - 2 ) .

TAKELEY ESTATES LIMITED (REGISTERED NUMBER: 06056342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 1,000,000
Revaluations 200,000
At 30 April 2023 1,200,000
NET BOOK VALUE
At 30 April 2023 1,200,000
At 30 April 2022 1,000,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2010 (158,857 )
Valuation in 2015 90,000
Valuation in 2018 100,000
Valuation in 2023 200,000
Cost 968,857
1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 968,857 968,857

Investment property was valued on an open market basis on 30 April 2023 by J Seabrook, director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,539 -
Other debtors 24 5,274
1,563 5,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,102 4,181
Taxation and social security 18,479 14,910
Other creditors 364,420 436,628
396,001 455,719

TAKELEY ESTATES LIMITED (REGISTERED NUMBER: 06056342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 42,589

Personal guarantees have been given by the directors in respect of the loan to purchase the investment property.

8. RESERVES
Non-distributable
reserve
£   
At 1 May 2022 31,143
Movement 200,000

At 30 April 2023 231,143