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REGISTERED NUMBER: 08085190 (England and Wales)



















TOLMERS PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






TOLMERS PROPERTIES LIMITED (REGISTERED NUMBER: 08085190)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TOLMERS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr R M Graham
Mrs N Graham





REGISTERED OFFICE: Telford House
Outrams Wharf
DERBY
DE21 5EL





REGISTERED NUMBER: 08085190 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

TOLMERS PROPERTIES LIMITED (REGISTERED NUMBER: 08085190)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 376
Investment property 5 738,075 -
738,075 376

CURRENT ASSETS
Debtors 6 158,958 132,008
Cash at bank 49,117 305,297
208,075 437,305
CREDITORS
Amounts falling due within one year 7 166,007 24,685
NET CURRENT ASSETS 42,068 412,620
TOTAL ASSETS LESS CURRENT LIABILITIES 780,143 412,996

CREDITORS
Amounts falling due after more than one year 8 330,750 -
NET ASSETS 449,393 412,996

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 448,993 412,596
449,393 412,996

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

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

TOLMERS PROPERTIES LIMITED (REGISTERED NUMBER: 08085190)

BALANCE SHEET - continued
31 DECEMBER 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 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 18 April 2024 and were signed on its behalf by:





Mr R M Graham - Director


TOLMERS PROPERTIES LIMITED (REGISTERED NUMBER: 08085190)

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


1. STATUTORY INFORMATION

Tolmers 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

TOLMERS PROPERTIES LIMITED (REGISTERED NUMBER: 08085190)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 4,169
DEPRECIATION
At 1 January 2023 3,793
Charge for year 376
At 31 December 2023 4,169
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 376

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 738,075
At 31 December 2023 738,075
NET BOOK VALUE
At 31 December 2023 738,075

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 738,075

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,118 -
Other debtors 127,283 121,225
Prepayments and accrued income 26,557 10,783
158,958 132,008

TOLMERS PROPERTIES LIMITED (REGISTERED NUMBER: 08085190)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,500 -
Trade creditors 21,256 178
Corporation tax 10,833 4,287
Social security and other taxes 230 482
VAT 1,396 112
Other creditors 1,250 -
Directors' current accounts 104,942 18,276
Accruals and deferred income 1,600 1,350
166,007 24,685

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,500 -
Bank loans - 2-5 years 73,500 -
Bank loans >5 yr (instalments) 232,750 -
330,750 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 yr (instalments) 232,750 -