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Registered number: 14347931









TDMCN PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
TDMCN PROPERTIES LIMITED
REGISTERED NUMBER: 14347931

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
890,500

  
890,500

Current assets
  

Debtors: amounts falling due within one year
 5 
164,474

Cash at bank and in hand
 6 
34,875

  
199,349

Creditors: amounts falling due within one year
 7 
(1,072,619)

Net current (liabilities)/assets
  
 
 
(873,270)

Total assets less current liabilities
  
17,230

  

Net assets
  
17,230


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
17,130

  
17,230


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 July 2024.




T Mcnulty
Director
Page 1

 
TDMCN PROPERTIES LIMITED
REGISTERED NUMBER: 14347931
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
TDMCN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

TDMCN Properties Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 28 Alder Close, Erith, England, United Kingdom, EC2A 4NE.
The principal activity of the company during the year has been that of letting commercial property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
TDMCN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
890,500



At 31 October 2023
890,500

The 2023 valuations were made by the Directors, on an open market value for existing use basis.







5.


Debtors

2023
£


Other debtors
164,374

Called up share capital not paid
100
Page 4

 
TDMCN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.Debtors (continued)


164,474



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
34,875

34,875



7.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
4,852

Other creditors
1,066,117

Accruals and deferred income
1,650

1,072,619



8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On incorporation 100 Ordinary shares were issued at par.


9.


Controlling party

The directors are the ultimate controlling party of the company by virtue of their shareholdings

 
Page 5