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REGISTERED NUMBER: 10212663 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

TSM PROPERTY LIMITED

TSM PROPERTY LIMITED (REGISTERED NUMBER: 10212663)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TSM PROPERTY LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: T Moore



REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



REGISTERED NUMBER: 10212663 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Co-Operative Bank Plc
Business Direct
P O Box 250
Skelmersdale
WN8 6WT

TSM PROPERTY LIMITED (REGISTERED NUMBER: 10212663)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,094 2,535
Investment property 5 525,000 525,000
527,094 527,535

CURRENT ASSETS
Debtors 6 394 70
Cash at bank 5,114 5,914
5,508 5,984
CREDITORS
Amounts falling due within one year 7 5,223 5,478
NET CURRENT ASSETS 285 506
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,379

528,041

CREDITORS
Amounts falling due after more than one
year

8

508,932

503,066
NET ASSETS 18,447 24,975

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 72,473 72,473
Retained earnings (54,126 ) (47,598 )
SHAREHOLDERS' FUNDS 18,447 24,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

TSM PROPERTY LIMITED (REGISTERED NUMBER: 10212663)

Balance Sheet - continued
30 June 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





T Moore - Director


TSM PROPERTY LIMITED (REGISTERED NUMBER: 10212663)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

TSM Property 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TSM PROPERTY LIMITED (REGISTERED NUMBER: 10212663)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 7,356 939 8,295
Additions - 289 289
Disposals - (800 ) (800 )
At 30 June 2024 7,356 428 7,784
DEPRECIATION
At 1 July 2023 4,821 939 5,760
Charge for year 634 96 730
Eliminated on disposal - (800 ) (800 )
At 30 June 2024 5,455 235 5,690
NET BOOK VALUE
At 30 June 2024 1,901 193 2,094
At 30 June 2023 2,535 - 2,535

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 525,000
NET BOOK VALUE
At 30 June 2024 525,000
At 30 June 2023 525,000

The valuation has been provided by the Directors based on similiar properties selling in the area.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 72,473
Cost 452,527
525,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 394 70

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 1,466 1,446
Other creditors 3,757 4,032
5,223 5,478

TSM PROPERTY LIMITED (REGISTERED NUMBER: 10212663)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 508,932 503,066

9. ULTIMATE CONTROLLING PARTY

The controlling party is T Moore.