IRIS Accounts Production v23.3.1.45 09114783 Board of Directors 1.8.22 31.7.23 31.7.23 0 0 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091147832022-07-31091147832023-07-31091147832022-08-012023-07-31091147832021-07-31091147832021-08-012022-07-31091147832022-07-3109114783ns10:Originalns15:EnglandWales2022-08-012023-07-3109114783ns14:PoundSterlingns10:Original2022-08-012023-07-3109114783ns10:Originalns10:Director12022-08-012023-07-3109114783ns10:Original2022-08-012023-07-3109114783ns10:Original2023-07-3109114783ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109114783ns10:Originalns10:SmallEntities2022-08-012023-07-3109114783ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3109114783ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109114783ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3109114783ns10:Originalns10:FullAccounts2022-08-012023-07-3109114783ns10:Original2021-08-012022-07-3109114783ns10:Originalns10:Director22022-08-012023-07-3109114783ns10:Originalns10:RegisteredOffice2022-08-012023-07-3109114783ns10:Original2022-07-3109114783ns10:Originalns5:CurrentFinancialInstruments2023-07-3109114783ns10:Originalns5:CurrentFinancialInstruments2022-07-3109114783ns10:Originalns5:Non-currentFinancialInstruments2023-07-3109114783ns10:Originalns5:Non-currentFinancialInstruments2022-07-3109114783ns5:ShareCapitalns10:Original2023-07-3109114783ns5:ShareCapitalns10:Original2022-07-3109114783ns10:Originalns5:RevaluationReserve2023-07-3109114783ns10:Originalns5:RevaluationReserve2022-07-3109114783ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3109114783ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3109114783ns10:Originalns5:AdditionsToInvestments2023-07-3109114783ns10:Originalns5:CostValuation2023-07-3109114783ns10:Originalns5:Subsidiary12022-08-012023-07-3109114783ns10:Originalns5:Subsidiary112022-08-012023-07-3109114783ns10:Originalns5:Subsidiary12023-07-3109114783ns10:Originalns5:Subsidiary22022-08-012023-07-3109114783ns10:Original3ns5:Subsidiary22022-08-012023-07-3109114783ns10:Originalns5:Subsidiary22023-07-3109114783ns10:Original2022-07-3109114783ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3109114783ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-07-31
REGISTERED NUMBER: 09114783 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

TF AVENUES LIMITED

TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)






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 AVENUES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: B J Carter
Mrs J K Carter





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09114783 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 3 2 -
Investment property 4 875,000 675,036
875,002 675,036

CURRENT ASSETS
Cash at bank 6,563 11,199

CREDITORS
Amounts falling due within one year 5 198,691 179,728
NET CURRENT LIABILITIES (192,128 ) (168,529 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

682,874

506,507

CREDITORS
Amounts falling due after more than one
year

6

-

(288,850

)

PROVISIONS FOR LIABILITIES (41,099 ) -
NET ASSETS 641,775 217,657

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 158,865 -
Retained earnings 482,908 217,655
SHAREHOLDERS' FUNDS 641,775 217,657

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 AVENUES LIMITED (REGISTERED NUMBER: 09114783)

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 19 February 2024 and were signed on its behalf by:





B J Carter - Director


TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents rental income. All income is recognised on a receivable basis.

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.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 2
At 31 July 2023 2
NET BOOK VALUE
At 31 July 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

PS Cal Limited
Registered office: The Old Casino, 28 Fourth Avenue, Hove, BN3 2PJ
Nature of business: Computer Consultancy Activities
%
Class of shares: holding
Ordinary 100.00
31.12.22
£   
Aggregate capital and reserves 337,925
Loss for the year (5,063 )

Kep South Limited
Registered office: 4a Preston Park Avenue, Brighton, East Sussex, BN1 6HJ
Nature of business: IT Consultancy
%
Class of shares: holding
Ordinary 100.00
30.11.22
£   
Aggregate capital and reserves 155,692
Loss for the year (10,675 )

TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 675,036
Revaluations 199,964
At 31 July 2023 875,000
NET BOOK VALUE
At 31 July 2023 875,000
At 31 July 2022 675,036

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 199,964
Cost 675,036
875,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 131,574 116,572
Tax - 111
Directors' loan accounts 66,181 62,181
Accrued expenses 936 864
198,691 179,728

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans more 5yrs instal - 288,850

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 288,850

7. RESERVES
Revaluation
reserve
£   
Revaluation of property 199,964
Deferred tax (41,099 )

At 31 July 2023 158,865

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, B J Carter and Mrs J K Carter increased their loan to the company. As at 31 July 2023, the company owed them £66,181 (2022: £62,181). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B J Carter and Mrs J K Carter.

This was by virtue of their 100% holding of the issued share capital.