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Financial Statements

for the Year Ended 31 March 2023

for

Tdr Assets Limited

Tdr Assets Limited (Registered number: 10920439)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tdr Assets Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr T D Richards





REGISTERED OFFICE: 30 High Street
Harefield
Uxbridge
Middlesex
UB9 6BU





REGISTERED NUMBER: 10920439 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Tdr Assets Limited (Registered number: 10920439)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 550,000 512,000

CURRENT ASSETS
Debtors 5 8,472 40
Cash at bank 141,567 27,807
150,039 27,847
CREDITORS
Amounts falling due within one year 6 (41,547 ) (65,402 )
NET CURRENT ASSETS/(LIABILITIES) 108,492 (37,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,492

474,445

CREDITORS
Amounts falling due after more than one year 7 (424,005 ) (307,158 )

PROVISIONS FOR LIABILITIES (27,398 ) (20,178 )
NET ASSETS 207,089 147,109

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 116,802 86,022
Retained earnings 10 90,187 60,987
207,089 147,109

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

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

The director acknowledges his 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.

Tdr Assets Limited (Registered number: 10920439)

Balance Sheet - continued
31 March 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 director and authorised for issue on 7 March 2024 and were signed by:





Mr T D Richards - Director


Tdr Assets Limited (Registered number: 10920439)

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

1. STATUTORY INFORMATION

Tdr Assets 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Tdr Assets Limited (Registered number: 10920439)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 512,000
Revaluations 38,000
At 31 March 2023 550,000
NET BOOK VALUE
At 31 March 2023 550,000
At 31 March 2022 512,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 38,000
Cost 512,000
550,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,432 -
Tax 40 40
8,472 40

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 4,360 4,253
Trade creditors 3,511 3,139
Other creditors 14,460 1,000
Credit card - 3,559
Directors' current accounts 16,617 50,955
Accrued expenses 2,599 2,496
41,547 65,402

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 10,593 14,970
Other creditors 413,412 292,188
424,005 307,158

Tdr Assets Limited (Registered number: 10920439)

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

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,360 4,253

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,593 14,970

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 413,412 292,188

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 60,987 86,022 147,009
Profit for the year 59,980 59,980
Revaluation (30,780 ) 30,780 -
At 31 March 2023 90,187 116,802 206,989