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REGISTERED NUMBER: 04515764 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TRADITIONAL JOINERY PROPERTIES LIMITED

TRADITIONAL JOINERY PROPERTIES LIMITED (REGISTERED NUMBER: 04515764)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRADITIONAL JOINERY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr M Doran
Mr C J Hodgins





SECRETARY: Mrs M J Doran





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 04515764 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

TRADITIONAL JOINERY PROPERTIES LIMITED (REGISTERED NUMBER: 04515764)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 508 675
Investment property 5 697,727 736,033
698,235 736,708

CURRENT ASSETS
Debtors 6 983 800
Cash at bank 109,976 89,801
110,959 90,601
CREDITORS
Amounts falling due within one year 7 227,601 227,822
NET CURRENT LIABILITIES (116,642 ) (137,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,593

599,487

PROVISIONS FOR LIABILITIES 26,086 33,396
NET ASSETS 555,507 566,091

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 (110,796 ) (141,825 )
Retained earnings 666,301 707,914
SHAREHOLDERS' FUNDS 555,507 566,091

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 23 April 2024 and were signed on its behalf by:





Mr M Doran - Director


TRADITIONAL JOINERY PROPERTIES LIMITED (REGISTERED NUMBER: 04515764)

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

1. STATUTORY INFORMATION

Traditional Joinery Properties 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Certain of the company's properties are held for long-term investment and are included in the balance sheet at their open market values. The surpluses or deficits on annual revaluation of such properties are transferred to the revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view, because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.

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.

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 AND DIRECTORS

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

TRADITIONAL JOINERY PROPERTIES LIMITED (REGISTERED NUMBER: 04515764)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 2,383 753 3,136
DEPRECIATION
At 1 November 2022 1,710 751 2,461
Charge for year 167 - 167
At 31 October 2023 1,877 751 2,628
NET BOOK VALUE
At 31 October 2023 506 2 508
At 31 October 2022 673 2 675

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 736,033
Net gains/losses from fair
value adjustments (38,306 )
At 31 October 2023 697,727
NET BOOK VALUE
At 31 October 2023 697,727
At 31 October 2022 736,033

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 175,092
Valuation in 2023 (38,306 )
Cost 560,941
697,727

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 983 800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,828 5,104
Other creditors 222,773 222,718
227,601 227,822

TRADITIONAL JOINERY PROPERTIES LIMITED (REGISTERED NUMBER: 04515764)

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

8. RESERVES
Fair
value
reserve
£   
At 1 November 2022 (141,825 )
Fair value reserve 31,029

At 31 October 2023 (110,796 )

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the Directors.