Registered number
10051880
Tenbury Properties Ltd
Filleted Accounts
31 March 2024
Tenbury Properties Ltd
Registered number: 10051880
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 150,000 150,000
Current assets
Debtors 4 20,326 20,508
Cash at bank and in hand 26 879
20,352 21,387
Creditors: amounts falling due within one year 5 (1,799) (1,504)
Net current assets 18,553 19,883
Total assets less current liabilities 168,553 169,883
Creditors: amounts falling due after more than one year 6 (123,000) (132,000)
Net assets 45,553 37,883
Capital and reserves
Called up share capital 100 100
Profit and loss account 45,453 37,783
Shareholders' funds 45,553 37,883
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.
D Martinelli
Director
Approved by the board on 19 July 2024
Tenbury Properties Ltd
Notes to the Accounts
for the year ended 31 March 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land & leasehold building, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
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 - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 150,000
At 31 March 2024 150,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 150,000
At 31 March 2023 150,000
4 Debtors 2024 2023
£ £
Other debtors 20,326 20,508
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,799 1,504
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 123,000 132,000
7 Related party transactions 2024 2023
Tenbury International Ltd
D Lasse is a shareholder and director of Tenbury International Ltd
During the year, the company invoiced Tenbury International Ltd £13,500 for rental charges. Transactions were conducted on an arms length basis.
Amount due to related party - -
Tenbury Holding Ltd
D Lasse is a shareholder and director of Tenbury Holding Ltd
During the year, Tenbury Properties Ltd paid back £9,000 to Tenbury Holding Ltd as part capital repayment of the loan made to the company in 2023. Interest is charged at 2% fixed per year based on the loan balance as at 31 March of previous year. Interest is payable in arrears. There was interest of £2,640 paid during the year. Transactions were conducted on an arms length basis.
Amount due to related party 123,000 132,000
8 Other information
Tenbury Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Brenchley House
School Road
Charing
Kent
TN27 0JW
Tenbury Properties Ltd 10051880 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 D Martinelli No description of principal activity 10051880 2022-04-01 2023-03-31 10051880 core:WithinOneYear 2023-03-31 10051880 core:AfterOneYear 2023-03-31 10051880 core:ShareCapital 2023-03-31 10051880 core:RetainedEarningsAccumulatedLosses 2023-03-31 10051880 2023-04-01 2024-03-31 10051880 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10051880 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10051880 bus:Director40 2023-04-01 2024-03-31 10051880 1 2023-04-01 2024-03-31 10051880 2 2023-04-01 2024-03-31 10051880 countries:England 2023-04-01 2024-03-31 10051880 bus:FRS102 2023-04-01 2024-03-31 10051880 bus:FullAccounts 2023-04-01 2024-03-31 10051880 2024-03-31 10051880 core:WithinOneYear 2024-03-31 10051880 core:AfterOneYear 2024-03-31 10051880 core:ShareCapital 2024-03-31 10051880 core:RetainedEarningsAccumulatedLosses 2024-03-31 10051880 core:LandBuildings 2024-03-31 10051880 2023-03-31 10051880 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure