Tibeca Property Solutions Ltd Filleted Accounts Cover
Tibeca Property Solutions Ltd
Company No. 14121599
Information for Filing with The Registrar
For the period ended
31 May 2023
Tibeca Property Solutions Ltd Balance Sheet Registrar
at
31 May 2023
Company No.
14121599
Notes
2023
£
Fixed assets
Tangible assets
4
194
Investment property
5
293,474
293,668
Current assets
Debtors
6
10
Cash at bank and in hand
55,583
55,593
Creditors: Amount falling due within one year
7
(151,679)
Net current liabilities
(96,086)
Total assets less current liabilities
197,582
Creditors: Amounts falling due after more than one year
8
(210,700)
Net liabilities
(13,118)
Capital and reserves
Called up share capital
9
10
Profit and loss account
10
(13,128)
Total equity
(13,118)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 22 January 2024 and signed on its behalf by:
R.J. Stevens
T.O. Stevens
Director
Director
22 January 2024
22 January 2024
Tibeca Property Solutions Ltd Notes to the Accounts Registrar
for the period ended 31 May 2023
1
General information
Tibeca Property Solutions Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14121599
Its registered office is:
Unit 11 Riverside Park
Dogflud Way
Farnham
Surrey
GU9 7UG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Going concern
At the balance sheet date, the company had net liabilities of £13,118. The ability of the company to continue trading is dependent on the continued support of the directors and the company’s creditors. The directors are of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the directors and the creditors of the company.
2
Accounting policies
Turnover
Turnover comprises revenue recognised by the company in respect of rents receivable for the year adjusted for any deferred or accrued income as necessary.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as
reported in the profit and loss account because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible. The Company's liability for
current tax is calculated using tax rates that have been enacted or substantively enacted by the end of
the reporting period.

Tax for the year is recognised in profit or loss, except when they relate to items that are recognised in
other comprehensive income or directly in equity, in which case, the tax is also recognised in other
comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
Number
The average monthly number of employees (including directors) during the period:
2
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
259259
At 31 May 2023
259259
Depreciation
Charge for the year
6565
At 31 May 2023
6565
Net book values
At 31 May 2023
194194
5
Investment property
Freehold Investment Property
£
Valuation
Additions
293,474
At 31 May 2023
293,474
6
Debtors
2023
£
Other debtors
10
10
7
Creditors:
amounts falling due within one year
2023
£
Other creditors
150,000
Accruals and deferred income
1,679
151,679
8
Creditors:
amounts falling due after more than one year
2023
£
Bank loans and overdrafts
210,700
210,700
Included within long term creditors are loans due for repayment after 5 years totalling £210,700. The loans are secured with a charge over the companies assets.
9
Share Capital
Share capital includes following:
2023
£
10 ordinary shares of £1 each
10
10
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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