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REGISTERED NUMBER: 11367056 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

TOCC PROPERTIES LTD

TOCC PROPERTIES LTD (REGISTERED NUMBER: 11367056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOCC PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: F Bates
J P Clark
CJ Humphreys





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 11367056 (England and Wales)





ACCOUNTANTS: n/a

TOCC PROPERTIES LTD (REGISTERED NUMBER: 11367056)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 700,000 550,000

CURRENT ASSETS
Debtors 5 2,250 -
Cash in hand 67,626 5,928
69,876 5,928
CREDITORS
Amounts falling due within one year 6 133,971 85,503
NET CURRENT LIABILITIES (64,095 ) (79,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,905

470,425

CREDITORS
Amounts falling due after more than one
year

7

(364,500

)

(390,650

)

PROVISIONS FOR LIABILITIES (43,500 ) (4,532 )
NET ASSETS 227,905 75,243

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 9 227,803 75,141
227,905 75,243

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

TOCC PROPERTIES LTD (REGISTERED NUMBER: 11367056)

BALANCE SHEET - continued
31 MAY 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 13 February 2024 and were signed on its behalf by:





J P Clark - Director


TOCC PROPERTIES LTD (REGISTERED NUMBER: 11367056)

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

1. STATUTORY INFORMATION

Tocc Properties Ltd 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.

Investment property
Investment property is included at market fair value. Changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 550,000
Revaluations 150,000
At 31 May 2023 700,000
NET BOOK VALUE
At 31 May 2023 700,000
At 31 May 2022 550,000


TOCC PROPERTIES LTD (REGISTERED NUMBER: 11367056)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 2,250 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 85,500 37,345
Taxation and social security 10,312 8,025
Other creditors 38,159 40,133
133,971 85,503

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 364,500 390,650

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 244,500 206,100

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 450,000 427,995

The bank loan is secured by a fixed and floating charge over the company's property and undertaking.

9. RESERVES

Retained earnings include non-distributable reserves of £130,354 (2022 - £19,322).