Registered number
03711144
TUDOR SMITH INVESTMENTS LIMITED
Filleted Accounts
31 December 2023
TUDOR SMITH INVESTMENTS LIMITED
Registered number: 03711144
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 979,141 1,195,820
Current assets
Cash at bank and in hand 19,859 47,342
Creditors: amounts falling due within one year 4 (217,916) (484,845)
Net current liabilities (198,057) (437,503)
Total assets less current liabilities 781,084 758,317
Creditors: amounts falling due after more than one year 5 (113,000) (213,000)
Net assets 668,084 545,317
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 667,084 544,317
Shareholder's funds 668,084 545,317
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
MR J MONRO
Director
Approved by the board on 14 February 2024
TUDOR SMITH INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 December 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 25% x Written Down Value
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 1,195,284 120,653 1,315,937
Disposals (216,500) - (216,500)
At 31 December 2023 978,784 120,653 1,099,437
Depreciation
At 1 January 2023 - 120,117 120,117
Charge for the year - 179 179
At 31 December 2023 - 120,296 120,296
Net book value
At 31 December 2023 978,784 357 979,141
At 31 December 2022 1,195,284 536 1,195,820
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,500 1,500
Taxation and social security costs 13,923 25,852
Other creditors 202,493 457,493
217,916 484,845
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 113,000 213,000
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 894,912 907,620
7 Other information
TUDOR SMITH INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
73 Kings Road
London Colney
St Albans
Hertfordshire
AL2 1AS
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