Registered number
SC533691
Telford Place Properties Limited
Filleted Accounts
31 January 2024
Telford Place Properties Limited
Registered number: SC533691
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 218,768 198,072
Current assets
Debtors 4 2,469 -
Cash at bank and in hand 2,278 3,816
4,747 3,816
Creditors: amounts falling due within one year 5 (166,266) (172,754)
Net current liabilities (161,519) (168,938)
Total assets less current liabilities 57,249 29,134
Creditors: amounts falling due after more than one year 6 (9,218) (2,000)
Net assets 48,031 27,134
Capital and reserves
Called up share capital 100 100
Profit and loss account 47,931 27,034
Shareholders' funds 48,031 27,134
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Brian Bryce
Director
Approved by the board on 7 August 2024
Telford Place Properties Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 February 2023 196,856 3,034 199,890
Additions 21,302 - 21,302
At 31 January 2024 218,158 3,034 221,192
Depreciation
At 1 February 2023 - 1,818 1,818
Charge for the year - 606 606
At 31 January 2024 - 2,424 2,424
Net book value
At 31 January 2024 218,158 610 218,768
At 31 January 2023 196,856 1,216 198,072
4 Debtors 2024 2023
£ £
Other debtors 2,469 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,575 11,156
Trade creditors 1,973 1,973
Taxation and social security costs 5,044 2,424
Other creditors 156,674 157,201
166,266 172,754
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,218 2,000
7 Other information
Telford Place Properties Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
17 Flowerhill Street
Airdrie
ML6 6AP
Telford Place Properties Limited SC533691 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Brian Bryce No description of principal activity SC533691 2022-02-01 2023-01-31 SC533691 core:WithinOneYear 2023-01-31 SC533691 core:AfterOneYear 2023-01-31 SC533691 core:ShareCapital 2023-01-31 SC533691 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC533691 2023-02-01 2024-01-31 SC533691 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC533691 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC533691 bus:Director40 2023-02-01 2024-01-31 SC533691 1 2023-02-01 2024-01-31 SC533691 2 2023-02-01 2024-01-31 SC533691 core:LandBuildings 2023-02-01 2024-01-31 SC533691 core:Vehicles 2023-02-01 2024-01-31 SC533691 countries:England 2023-02-01 2024-01-31 SC533691 bus:FRS102 2023-02-01 2024-01-31 SC533691 bus:FilletedAccounts 2023-02-01 2024-01-31 SC533691 2024-01-31 SC533691 core:WithinOneYear 2024-01-31 SC533691 core:AfterOneYear 2024-01-31 SC533691 core:ShareCapital 2024-01-31 SC533691 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC533691 core:LandBuildings 2024-01-31 SC533691 core:Vehicles 2024-01-31 SC533691 2023-01-31 SC533691 core:LandBuildings 2023-01-31 SC533691 core:Vehicles 2023-01-31 iso4217:GBP xbrli:pure