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REGISTERED NUMBER: 12097260 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Tupelo Property Ltd

Tupelo Property Ltd (Registered number: 12097260)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tupelo Property Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A M J Smith





REGISTERED OFFICE: 199 Chiswick High Road
London
W4 2DR





REGISTERED NUMBER: 12097260 (England and Wales)





ACCOUNTANTS: Sumner & Moore Limited
The Studio
2 Borelli Yard
Farnham
Surrey
GU9 7NU

Tupelo Property Ltd (Registered number: 12097260)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,250 2,506

CURRENT ASSETS
Debtors 5 79,731 38,472
Cash at bank 21,863 19,983
101,594 58,455
CREDITORS
Amounts falling due within one year 6 53,278 46,748
NET CURRENT ASSETS 48,316 11,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,566

14,213

CREDITORS
Amounts falling due after more than one
year

7

24,249

13,940
NET ASSETS 25,317 273

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,217 173
25,317 273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Tupelo Property Ltd (Registered number: 12097260)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





A M J Smith - Director


Tupelo Property Ltd (Registered number: 12097260)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Tupelo Property Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Tupelo Property Ltd (Registered number: 12097260)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 9,038
Disposals (3,977 )
At 31 July 2024 5,061
DEPRECIATION
At 1 August 2023 6,532
Charge for year 1,255
Eliminated on disposal (3,976 )
At 31 July 2024 3,811
NET BOOK VALUE
At 31 July 2024 1,250
At 31 July 2023 2,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 68,231 38,472
Other debtors 11,500 -
79,731 38,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 25,117 14,173
Trade creditors - 8,063
Taxation and social security 21,231 19,566
Other creditors 6,930 4,946
53,278 46,748

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 24,249 13,940

Tupelo Property Ltd (Registered number: 12097260)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
A M J Smith
Balance outstanding at start of year - -
Amounts advanced 11,500 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,500 -