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Company Registration No. 03561148 (England and Wales)
TUFTEX PROPERTIES LIMITED Unaudited accounts for the year ended 31 December 2023
TUFTEX PROPERTIES LIMITED Unaudited accounts Contents
Page
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TUFTEX PROPERTIES LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
308,438 
268,432 
Investments
8,950 
8,950 
317,388 
277,382 
Current assets
Cash at bank and in hand
94 
94 
Creditors: amounts falling due within one year
(158,315)
(109,055)
Net current liabilities
(158,221)
(108,961)
Net assets
159,167 
168,421 
Capital and reserves
Called up share capital
8,950 
8,950 
Profit and loss account
150,217 
159,471 
Shareholders' funds
159,167 
168,421 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 April 2024 and were signed on its behalf by
S N Robinson Director Company Registration No. 03561148
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TUFTEX PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
TUFTEX PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03561148. The registered office is Albion Buildings, Attleborough Road, Nuneaton, Warwickshire, CV11 4JJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost per annum
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
Investments
Investments in shares are included at fair value.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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TUFTEX PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
359,984 
Additions
44,020 
At 31 December 2023
404,004 
Depreciation
At 1 January 2023
91,552 
Charge for the year
4,014 
At 31 December 2023
95,566 
Net book value
At 31 December 2023
308,438 
At 31 December 2022
268,432 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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