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REGISTERED NUMBER: 09712183 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

TY-INVEST LIMITED

TY-INVEST LIMITED (REGISTERED NUMBER: 09712183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TY-INVEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: B N Tyrer
P A Tyrer





REGISTERED OFFICE: Ladylane
Lodge Hill Lane
Ditchling
Hassocks
West Sussex
BN6 8SR





REGISTERED NUMBER: 09712183 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

TY-INVEST LIMITED (REGISTERED NUMBER: 09712183)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 620,468 -
Investment property 5 275,000 555,000
895,468 555,000

CURRENT ASSETS
Debtors 6 11 2,506
Cash at bank 63,917 415,066
63,928 417,572
CREDITORS
Amounts falling due within one year 7 966,119 966,337
NET CURRENT LIABILITIES (902,191 ) (548,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,723

)

6,235

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,823 ) 6,135
SHAREHOLDERS' FUNDS (6,723 ) 6,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





B N Tyrer - Director


TY-INVEST LIMITED (REGISTERED NUMBER: 09712183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Ty-Invest 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
After reviewing the company's forecasts, the directors believe that the company has adequate resources to continue in operational existence.

Turnover
Turnover represents amounts receivable by the company in respect of rent receivable during the period. Turnover is exempt from Value Added tax.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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

TY-INVEST LIMITED (REGISTERED NUMBER: 09712183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 681,063
Disposals (54,793 )
Revaluations (5,802 )
At 30 June 2023 620,468
NET BOOK VALUE
At 30 June 2023 620,468

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2023 (5,857 )
Cost 626,325
620,468

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 555,000
Disposals (280,000 )
At 30 June 2023 275,000
NET BOOK VALUE
At 30 June 2023 275,000
At 30 June 2022 555,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2019 (5,000 )
Cost 280,000
275,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 280,000 584,015

Investment properties were valued on an open market basis on 30 June 2023 by the directors .

TY-INVEST LIMITED (REGISTERED NUMBER: 09712183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 250
Tax 11 9
Prepayments and accrued income - 2,247
11 2,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans from shareholders 960,000 960,000
Directors' current accounts 2,497 1,947
Accruals and deferred income 3,622 4,390
966,119 966,337