Company Registration No. 08085591 (England and Wales)
Temm Properties Ltd
Unaudited accounts
for the year ended 31 May 2024
Temm Properties Ltd
Unaudited accounts
Contents
Temm Properties Ltd
Company Information
for the year ended 31 May 2024
Company Number
08085591 (England and Wales)
Registered Office
8 PALLISTER ROAD
CLACTON-ON-SEA
CO15 1PQ
Accountants
IDS Accountants Ltd
4 Pallister Road
Clacton On Sea
Essex
CO15 1PQ
Temm Properties Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
1,446,536
1,446,632
Cash at bank and in hand
22,548
6,134
Creditors: amounts falling due within one year
(3,600)
(7,251)
Net current assets
22,948
12,883
Total assets less current liabilities
1,469,484
1,459,515
Creditors: amounts falling due after more than one year
(778,292)
(779,951)
Net assets
691,192
679,564
Called up share capital
100
100
Revaluation reserve
500,000
500,000
Profit and loss account
191,092
179,464
Shareholders' funds
691,192
679,564
For the year ending 31 May 2024 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.
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 1 July 2024 and were signed on its behalf by
Elias Demetroudi
Director
Company Registration No. 08085591
Temm Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
Temm Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 08085591. The registered office is 8 PALLISTER ROAD, CLACTON-ON-SEA, CO15 1PQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,446,248
3,000
1,449,248
At 31 May 2024
1,446,248
3,000
1,449,248
At 1 June 2023
-
2,616
2,616
Charge for the year
-
96
96
At 31 May 2024
-
2,712
2,712
At 31 May 2024
1,446,248
288
1,446,536
At 31 May 2023
1,446,248
384
1,446,632
Amounts falling due within one year
Trade debtors
4,000
14,000
Temm Properties Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
701,634
721,704
Taxes and social security
33,378
30,628
Loans from directors
43,280
27,619
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).