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REGISTERED NUMBER: 05260820 (England and Wales)

















TOMMYSHAY INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






TOMMYSHAY INVESTMENTS LIMITED (REGISTERED NUMBER: 05260820)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


TOMMYSHAY INVESTMENTS LIMITED (REGISTERED NUMBER: 05260820)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5 5
Investment property 5 710,000 710,000
710,005 710,005

CURRENT ASSETS
Debtors 6 600,941 557,383
Cash at bank 2,653 43,272
603,594 600,655
CREDITORS
Amounts falling due within one year 7 233,388 90,301
NET CURRENT ASSETS 370,206 510,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,211

1,220,359

CREDITORS
Amounts falling due after more than one
year

8

(281,733

)

(383,508

)

PROVISIONS FOR LIABILITIES (82,761 ) (82,761 )
NET ASSETS 715,717 754,090

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 436,143 436,143
Retained earnings 279,572 317,945
715,717 754,090

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.

TOMMYSHAY INVESTMENTS LIMITED (REGISTERED NUMBER: 05260820)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and loss account has not been delivered.

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





Mr N W A White - Director


TOMMYSHAY INVESTMENTS LIMITED (REGISTERED NUMBER: 05260820)

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

1. STATUTORY INFORMATION

Tommyshay Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05260820

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
The company lets its investment property and turnover represents the rent received or receivable in the year; it excludes discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at 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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


TOMMYSHAY INVESTMENTS LIMITED (REGISTERED NUMBER: 05260820)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 November 2022
and 31 October 2023 5
NET BOOK VALUE
At 31 October 2023 5
At 31 October 2022 5

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 710,000
NET BOOK VALUE
At 31 October 2023 710,000
At 31 October 2022 710,000

TOMMYSHAY INVESTMENTS LIMITED (REGISTERED NUMBER: 05260820)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2016 725,638
Valuation in 2022 (206,735 )
Cost 191,097
710,000

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 191,097 191,097

Investment property was valued on a fair value basis on 31 October 2023 by the director .

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 536 440

Amounts falling due after more than one year:
Other debtors 600,405 556,943

Aggregate amounts 600,941 557,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,537 5,388
Trade creditors 1,582 150
Taxation and social security 734 32,229
Other creditors 226,535 52,534
233,388 90,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 87,504 91,191
Other creditors 194,229 292,317
281,733 383,508

TOMMYSHAY INVESTMENTS LIMITED (REGISTERED NUMBER: 05260820)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 69,356 69,639

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 92,041 96,579

The bank loans are secured by a fixed and floating charge over the companies assets.

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 436,143

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,500 (2022 - £38,900) were paid to the directors .

Hockley Market Garden Centre Limited
A company in which Mr T White and Ms S White are both shareholders.

Amount due to related party at the balance sheet date is £224,074 (2022: £50,075).

No interest is payable on the loan and there are no agreed repayment terms.

Design Ventures Highgate Limited
An associated company of Tommyshay Investments Ltd.

Amount due from the related party at the balance sheet date is £604,405 (2022: £556,943)

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.