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REGISTERED NUMBER: 09684029 (England and Wales)











Tf Estate Management Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Tf Estate Management Limited (Registered number: 09684029)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Tf Estate Management Limited

Company Information
for the Year Ended 31 July 2023







Directors: T S B Hallworth
Ms C F Tsang





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 09684029 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Tf Estate Management Limited (Registered number: 09684029)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
Fixed assets
Investment property 4 2,559,770 1,518,335

Current assets
Debtors 5 805 -
Cash at bank 551 927
1,356 927
Creditors
Amounts falling due within one year 6 (2,486,946 ) (1,445,483 )
Net current liabilities (2,485,590 ) (1,444,556 )
Total assets less current liabilities 74,180 73,779

Provisions for liabilities 7 (13,378 ) (13,378 )
Net assets 60,802 60,401

Capital and reserves
Called up share capital 8 100 100
Fair value reserve 9 65,317 65,317
Retained earnings (4,615 ) (5,016 )
Shareholders' funds 60,802 60,401

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Tf Estate Management Limited (Registered number: 09684029)

Balance Sheet - continued
31 July 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





T S B Hallworth - Director


Tf Estate Management Limited (Registered number: 09684029)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. Statutory information

Tf Estate Management 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 value added tax.

Investment property
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 3 ) .

Tf Estate Management Limited (Registered number: 09684029)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. Investment property
Total
£   
Fair value
At 1 August 2022 1,518,335
Additions 1,041,435
At 31 July 2023 2,559,770
Net book value
At 31 July 2023 2,559,770
At 31 July 2022 1,518,335

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 2,559,770

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

31.7.23 31.7.22
£    £   
Cost 2,481,075 1,362,469

Investment property was valued on an open market value basis on 31 July 2023 by the directors .

5. Debtors: amounts falling due within one year
31.7.23 31.7.22
£    £   
Prepayments 805 -

6. Creditors: amounts falling due within one year
31.7.23 31.7.22
£    £   
Directors' current accounts 2,484,966 1,443,563
Accrued expenses 1,980 1,920
2,486,946 1,445,483

Tf Estate Management Limited (Registered number: 09684029)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. Provisions for liabilities
31.7.23 31.7.22
£    £   
Deferred tax 13,378 13,378

Deferred
tax
£   
Balance at 1 August 2022 13,378
Balance at 31 July 2023 13,378

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

9. Reserves
Fair
value
reserve
£   
At 1 August 2022
and 31 July 2023 65,317