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REGISTERED NUMBER: 13023899 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TACHBROOK PROPERTIES LIMITED

TACHBROOK PROPERTIES LIMITED (REGISTERED NUMBER: 13023899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TACHBROOK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr J D F Oliver





REGISTERED OFFICE: Kemp House
160 City Road
London
EC1V 2NX





REGISTERED NUMBER: 13023899 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

TACHBROOK PROPERTIES LIMITED (REGISTERED NUMBER: 13023899)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,631 12,840
Investment property 5 829,100 628,684
838,731 641,524

CURRENT ASSETS
Debtors 6 80,658 74,541
Cash at bank 9,052 6,856
89,710 81,397
CREDITORS
Amounts falling due within one year 7 (436,614 ) (476,948 )
NET CURRENT LIABILITIES (346,904 ) (395,551 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,827

245,973

CREDITORS
Amounts falling due after more than one
year

8

(494,200

)

(262,530

)

PROVISIONS FOR LIABILITIES (8,022 ) -
NET LIABILITIES (10,395 ) (16,557 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 28,273 1,337
Retained earnings (38,669 ) (17,895 )
(10,395 ) (16,557 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TACHBROOK PROPERTIES LIMITED (REGISTERED NUMBER: 13023899)

BALANCE SHEET - continued
30 NOVEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





Mr J D F Oliver - Director


TACHBROOK PROPERTIES LIMITED (REGISTERED NUMBER: 13023899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Tachbrook Properties 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 represents rents receivable on investment properties for the accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TACHBROOK PROPERTIES LIMITED (REGISTERED NUMBER: 13023899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 16,441
DEPRECIATION
At 1 December 2022 3,601
Charge for year 3,209
At 30 November 2023 6,810
NET BOOK VALUE
At 30 November 2023 9,631
At 30 November 2022 12,840

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 628,684
Additions 167,161
Revaluations 33,255
At 30 November 2023 829,100
NET BOOK VALUE
At 30 November 2023 829,100
At 30 November 2022 628,684

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2022 1,650
Valuation in 2023 33,255
Cost 794,195
829,100

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 794,195 627,034

Investment properties were valued on an open market basis on 30 November 2023 by the director of the company .

The combined value of the properties are £829,100 at the financial year end November 2023

TACHBROOK PROPERTIES LIMITED (REGISTERED NUMBER: 13023899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 52,703 66,507
Other debtors 27,955 8,034
80,658 74,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 436,614 476,948

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 494,200 262,530

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 494,200 262,530

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 494,200 262,530

The bank loans are secured over the assets in the company including the investment properties.

10. RESERVES
Fair
value
reserve
£   
At 1 December 2022 1,337
Investment property 26,936

At 30 November 2023 28,273

TACHBROOK PROPERTIES LIMITED (REGISTERED NUMBER: 13023899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. RELATED PARTY DISCLOSURES

Tachbrook Property Limited

A Company in which Mr J Oliver is shareholder


As at the year end the company had a loan outstanding to Tachbrook Property Limited of £66,137, in which James David Fitzgerald Oliver is director and controlling shareholder.

2023 2022
£    £   
Amount due from related party at the balance sheet date 52,146 66,137

Oliver Chart Limited

A Company in which Mr J Oliver is shareholder


As at the year end the company had a loan outstanding to Oliver Chart Limited of £370, in which James David Fitzgerald Oliver is director and controlling shareholder.

2023 2022
£    £   
Amount due from related party at the balance sheet date 557 370