REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2022 TO 29 JULY 2023 |
FOR |
TEDALE PROPERTIES LIMITED |
REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2022 TO 29 JULY 2023 |
FOR |
TEDALE PROPERTIES LIMITED |
TEDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03507509) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2022 TO 29 JULY 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
TEDALE PROPERTIES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 31 JULY 2022 TO 29 JULY 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
TEDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03507509) |
ABRIDGED BALANCE SHEET |
29 JULY 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
TEDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03507509) |
ABRIDGED BALANCE SHEET - continued |
29 JULY 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TEDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03507509) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2022 TO 29 JULY 2023 |
1. | STATUTORY INFORMATION |
Tedale Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the value of rental income chargeable in respect of the company's investment properties. Turnover is recognised evenly over the period of the rental agreement. |
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 period 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 period 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 period was |
TEDALE PROPERTIES LIMITED (REGISTERED NUMBER: 03507509) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 JULY 2022 TO 29 JULY 2023 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1.00 | 100 | 100 |
5. | RELATED PARTY DISCLOSURES |
Fogarty Investments Ltd |
Tedale Properties Limited made a loan to Fogarty Investments Ltd, a company in which Mr Byron Fogarty is also a director and 100% shareholder. This is an unsecured interest free loan which is repayable on demand. At the balance sheet date, the amount owed by Fogarty Investments Ltd to the company is £170,791 (2022: £28,999). |
6. | ULTIMATE CONTROLLING PARTY |
The director, Mr Byron Fogarty, is considered to be the ultimate controlling party by virtue of the fact that he owns 99% of the issued share capital. |