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REGISTERED NUMBER: 04573340 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TLM DEVELOPMENTS LIMITED

TLM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04573340)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TLM DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mrs L A Mather





SECRETARY: T W Mather





REGISTERED OFFICE: Southways
764 Durham Road
Low Fell
Gateshead
Tyne and Wear
NE9 7TA





REGISTERED NUMBER: 04573340 (England and Wales)





ACCOUNTANTS: T O'Sullivan Limited
Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR

TLM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04573340)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,695 7,594
Investment property 5 173,800 173,800
179,495 181,394

CURRENT ASSETS
Stocks 264,035 1,403,958
Debtors 47,450 32,234
Cash at bank 61,545 4,389
373,030 1,440,581
CREDITORS
Amounts falling due within one year 533,950 1,611,934
NET CURRENT LIABILITIES (160,920 ) (171,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,575

10,041

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 49,280 49,280
Retained earnings (30,805 ) (39,339 )
SHAREHOLDERS' FUNDS 18,575 10,041

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 director acknowledges her 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.

TLM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04573340)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 31 July 2024 and were signed by:





Mrs L A Mather - Director


TLM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04573340)

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

1. STATUTORY INFORMATION

TLM Developments 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.
Motor vehicles - 25% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

TLM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04573340)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 24,000
DEPRECIATION
At 1 November 2022 16,406
Charge for year 1,899
At 31 October 2023 18,305
NET BOOK VALUE
At 31 October 2023 5,695
At 31 October 2022 7,594

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 173,800
NET BOOK VALUE
At 31 October 2023 173,800
At 31 October 2022 173,800

Included in fair value of investment property is freehold land of £ 173,800 (2022 - £ 173,800 ) which is not depreciated.

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2019 16,280
Valuation in 2020 33,000
Cost 124,520
173,800

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

TLM DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04573340)

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

7. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 49,280

8. GOING CONCERN

The accounts have been drawn up on the going concern basis. Of the company's liabilities £477,010 (2022 £1,128,392) is due the director. If the going concern basis were not appropriate adjustments would have to be made to reduce the value of assets to their recoverable amount to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.