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REGISTERED NUMBER: 10921929 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

TCP Properties Limited

TCP Properties Limited (Registered number: 10921929)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCP Properties Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr N Chahal
Mr D Chahal





REGISTERED OFFICE: Office 1
21 Hatherton Street
Walsall
WS4 2LA





REGISTERED NUMBER: 10921929 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

TCP Properties Limited (Registered number: 10921929)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 517,234 412,076

CURRENT ASSETS
Debtors 5 169,899 93,719
Cash at bank 72 92
169,971 93,811
CREDITORS
Amounts falling due within one year 6 (302,519 ) (124,071 )
NET CURRENT LIABILITIES (132,548 ) (30,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,686

381,816

CREDITORS
Amounts falling due after more than
one year

7

(300,361

)

(315,958

)
NET ASSETS 84,325 65,858

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 84,225 65,758
SHAREHOLDERS' FUNDS 84,325 65,858

TCP Properties Limited (Registered number: 10921929)

Balance Sheet - continued
30 April 2023


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 31 January 2024 and were signed on its behalf by:





Mr N Chahal - Director


TCP Properties Limited (Registered number: 10921929)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

TCP Properties 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.

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.
Freehold property - 1% on cost

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 ) .

TCP Properties Limited (Registered number: 10921929)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 May 2022 429,246
Additions 110,000
At 30 April 2023 539,246
DEPRECIATION
At 1 May 2022 17,170
Charge for year 4,842
At 30 April 2023 22,012
NET BOOK VALUE
At 30 April 2023 517,234
At 30 April 2022 412,076

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 169,899 93,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 23,400 23,400
Taxation and social security 16,677 11,209
Other creditors 262,442 89,462
302,519 124,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 300,361 315,958

TCP Properties Limited (Registered number: 10921929)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary shares £1 100 100

9. RELATED PARTY DISCLOSURES

As of 30 April 2023, the company owed £207,731 to TCP Pharma Limited ('Pharm'). Mr Navdeep and Mr Dalwinder Chahal are both directors of Pharm.
Interest was charged at 3%. The loan is repayable on demand.

As of 30 April 2023, the company was owed £104,955 by Sidhu's Limited. Mr Navdeep and Dalwinder Chahal are both directors of Sidhu's Limited.
Interest is charged at 3%. The loan is repayable on demand.

During the year the company received rent of £20,000 each from Sidhu's Limited as well as TCP Pharma Limited and £14,500 from Carters Green Clinic & Business Centre Ltd. Mr Navdeep and Dalwinder Chahal are both directors of these companies. In the opinion of directors this is the market rent.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr Navdeep and Mr Dalwinder Chahal by virtue of their ownership of 100% of the issued share capital in the company.

11. GOING CONCERN

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.