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Company Registration No. 11777980 (England and Wales)
Tarshish Properties Ltd Unaudited accounts for the year ended 31 March 2024
Tarshish Properties Ltd Unaudited accounts Contents
Page
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Tarshish Properties Ltd Company Information for the year ended 31 March 2024
Directors
Matthew Gareth Davies Ruth Davies
Company Number
11777980 (England and Wales)
Registered Office
124 City Road London EC1V 2NX England
Accountants
Sarah Kennedy Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tarshish Properties Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tarshish Properties Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Tarshish Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 21 April 2020. Our work has been undertaken solely to prepare for your approval the accounts of Tarshish Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Tarshish Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tarshish Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tarshish Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tarshish Properties Ltd. You consider that Tarshish Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Tarshish Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sarah Kennedy Chartered Certified Accountants Nevis Accountancy Services Limited Office 6, An Drochaid, Claggan Road Claggan, Fort William Inverness-shire PH33 6PH 24 July 2024
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Tarshish Properties Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
723,891 
723,891 
Current assets
Debtors
3,085 
2,514 
Cash at bank and in hand
1,371 
2,413 
4,456 
4,927 
Creditors: amounts falling due within one year
(158,571)
(191,902)
Net current liabilities
(154,115)
(186,975)
Total assets less current liabilities
569,776 
536,916 
Creditors: amounts falling due after more than one year
(607,446)
(577,376)
Net liabilities
(37,670)
(40,460)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(37,770)
(40,560)
Shareholders' funds
(37,670)
(40,460)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Ruth Davies Director Company Registration No. 11777980
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Tarshish Properties Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Tarshish Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11777980. The registered office is 124 City Road, London, EC1V 2NX, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
723,891 
At 31 March 2024
723,891 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
723,891 
At 31 March 2023
723,891 
Bank loans of £607,446, included in creditors: amounts falling due after more than one year, are secured on the 6 properties shown on the balance sheet at a value of £723,891
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,085 
2,514 
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Tarshish Properties Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
155,494 
188,384 
Accruals
2,636 
1,995 
Deferred income
441 
1,523 
158,571 
191,902 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
607,446 
577,376 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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