Caseware UK (AP4) 2023.0.135 2023.0.135 false2023-05-01falseDevelopment of building projects.22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02849790 2023-05-01 2024-04-30 02849790 2022-05-01 2023-04-30 02849790 2024-04-30 02849790 2023-04-30 02849790 c:Director2 2023-05-01 2024-04-30 02849790 d:Buildings 2023-05-01 2024-04-30 02849790 d:Buildings 2024-04-30 02849790 d:Buildings 2023-04-30 02849790 d:PlantMachinery 2023-05-01 2024-04-30 02849790 d:PlantMachinery 2024-04-30 02849790 d:PlantMachinery 2023-04-30 02849790 d:CurrentFinancialInstruments 2024-04-30 02849790 d:CurrentFinancialInstruments 2023-04-30 02849790 d:Non-currentFinancialInstruments 2024-04-30 02849790 d:Non-currentFinancialInstruments 2023-04-30 02849790 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02849790 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02849790 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 02849790 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 02849790 d:ShareCapital 2024-04-30 02849790 d:ShareCapital 2023-04-30 02849790 d:RetainedEarningsAccumulatedLosses 2024-04-30 02849790 d:RetainedEarningsAccumulatedLosses 2023-04-30 02849790 c:FRS102 2023-05-01 2024-04-30 02849790 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02849790 c:FullAccounts 2023-05-01 2024-04-30 02849790 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02849790 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 02849790









TAYLORS PROPERTY SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 30 April 2024

 
TAYLORS PROPERTY SERVICES LIMITED
Registered number: 02849790

BALANCE SHEET
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,672,587
1,672,587

  
1,672,587
1,672,587

Current assets
  

Debtors: amounts falling due within one year
 5 
-
69,501

Cash at bank and in hand
 6 
21,730
167,316

  
21,730
236,817

Creditors: amounts falling due within one year
 7 
(724,559)
(297,141)

Net current liabilities
  
 
 
(702,829)
 
 
(60,324)

Total assets less current liabilities
  
969,758
1,612,263

Creditors: amounts falling due after more than one year
 8 
(200,153)
(769,238)

  

Net assets
  
769,605
843,025


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
769,603
843,023

  
769,605
843,025


Page 1

 
TAYLORS PROPERTY SERVICES LIMITED
Registered number: 02849790
    
BALANCE SHEET (CONTINUED)
As at 30 April 2024

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 year 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 1 August 2024.




K A Clarke
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TAYLORS PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

1.


General information

Taylors Property Services Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
                                                                                                   
The company's principal activity is that of letting and management of residential property.
The financial statements are presented in sterinling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are sey out below. These policies have been consistely applied to all years presented unless otherwise stated.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
TAYLORS PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant & machinery
-
33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 
TAYLORS PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 May 2023
1,672,587
7,414
1,680,001



At 30 April 2024

1,672,587
7,414
1,680,001



Depreciation


At 1 May 2023
-
7,414
7,414



At 30 April 2024

-
7,414
7,414



Net book value



At 30 April 2024
1,672,587
-
1,672,587



At 30 April 2023
1,672,587
-
1,672,587


5.


Debtors

2024
2023
£
£


Other debtors
-
69,501

-
69,501


Page 5

 
TAYLORS PROPERTY SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 April 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
21,730
167,316

21,730
167,316



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
7,559
14,648

Other creditors
715,400
281,143

Accruals and deferred income
1,600
1,350

724,559
297,141



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
200,153
769,238

200,153
769,238



9.


Related party transactions

At the balance sheet date the company owed £715,400 (2023: £255,500) to the directors of the company.

 
Page 6