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REGISTERED NUMBER: 04922608 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

TFS DEVELOPMENTS LIMITED

TFS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04922608)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TFS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr Y C Anastasiou
Mr T Anastasiou





REGISTERED OFFICE: 869 High Road
North Finchley
London
N12 8QA





REGISTERED NUMBER: 04922608 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

TFS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04922608)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 19,598 -
Cash at bank and in hand 2,431 2,834
22,029 2,834
CREDITORS
Amounts falling due within one year 5 63,037 43,438
NET CURRENT LIABILITIES (41,008 ) (40,604 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,008

)

(40,604

)

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (41,158 ) (40,754 )
SHAREHOLDERS' FUNDS (41,008 ) (40,604 )

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.

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 28 February 2024 and were signed on its behalf by:




Mr Y C Anastasiou - Director



Mr T Anastasiou - Director


TFS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04922608)

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

1. STATUTORY INFORMATION

TFS Developments 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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the
company will have adequate resources to meet its liabilities to third parties as they fall due.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computers and website - 20% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computers
and
website
£   
COST
At 1 August 2022
and 31 July 2023 2,585
DEPRECIATION
At 1 August 2022
and 31 July 2023 2,585
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

TFS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04922608)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,598 -
Amounts owed to participating interests 43,439 43,438
63,037 43,438

6. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an interest free amount of £43,438 (2022: £43,438) due to The Floor Shop Ltd. The companies are connected by having common directors and owners.


7. ULTIMATE CONTROLLING PARTY

During the period under review the company was not under the control of any one individual.