Caseware UK (AP4) 2023.0.135 2023.0.135 true2021-04-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09092354 2021-04-01 2022-03-31 09092354 2020-04-01 2021-03-31 09092354 2022-03-31 09092354 2021-03-31 09092354 c:Director1 2021-04-01 2022-03-31 09092354 d:PlantMachinery 2021-04-01 2022-03-31 09092354 d:PlantMachinery 2022-03-31 09092354 d:PlantMachinery 2021-03-31 09092354 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09092354 d:OfficeEquipment 2021-04-01 2022-03-31 09092354 d:OfficeEquipment 2022-03-31 09092354 d:OfficeEquipment 2021-03-31 09092354 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09092354 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 09092354 d:CurrentFinancialInstruments 2022-03-31 09092354 d:CurrentFinancialInstruments 2021-03-31 09092354 d:Non-currentFinancialInstruments 2022-03-31 09092354 d:Non-currentFinancialInstruments 2021-03-31 09092354 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09092354 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 09092354 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09092354 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 09092354 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 09092354 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-03-31 09092354 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 09092354 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 09092354 d:ShareCapital 2022-03-31 09092354 d:ShareCapital 2021-03-31 09092354 d:RetainedEarningsAccumulatedLosses 2022-03-31 09092354 d:RetainedEarningsAccumulatedLosses 2021-03-31 09092354 c:FRS102 2021-04-01 2022-03-31 09092354 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 09092354 c:FullAccounts 2021-04-01 2022-03-31 09092354 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 09092354 e:PoundSterling 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure


















Town Centre Properties (UK) Limited























Unaudited

Financial statements



For the year ended 31 March 2022



Registered number: 09092354

 
Town Centre Properties (UK) Limited - Registered number:09092354


Statement of financial position
As at 31 March 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
22,424
-

  
22,424
-

Current assets
  

Stocks
 5 
198,640
198,640

Debtors: amounts falling due within one year
 6 
9,120
55,736

Cash at bank and in hand
  
178
530

  
207,938
254,906

Creditors: amounts falling due within one year
 7 
(738,060)
(573,146)

Net current liabilities
  
 
 
(530,122)
 
 
(318,240)

Total assets less current liabilities
  
(507,698)
(318,240)

Creditors: amounts falling due after more than one year
 8 
(105,376)
(140,833)

  

Net liabilities
  
(613,074)
(459,073)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(614,074)
(460,073)

  
(613,074)
(459,073)


The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Page 1

 
Town Centre Properties (UK) Limited - Registered number:09092354


Statement of financial position (continued)
As at 31 March 2022


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 income and retained earnings 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 by: 



R E Brock
Director

Date: 20 August 2024

Page 2

 
Town Centre Properties (UK) Limited
 
 

Notes to the financial statements
For the year ended 31 March 2022

1.


General information

The company is a private company limited by shares and incorporated in England and Wales. The registered office is 130 Wood Street, London, EC2V 6DL and the registered number is 09092354. The principal place of business address is 45-47 High Street, Newport, TF10 7AT.

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 Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

 
Town Centre Properties (UK) Limited
 

Notes to the financial statements
For the year ended 31 March 2022

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 reporting 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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33%
straight line
Office equipment
-
33%
straight line

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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
Town Centre Properties (UK) Limited
 

Notes to the financial statements
For the year ended 31 March 2022

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2021
1,875
1,799
3,674


Additions
31,373
1,365
32,738



At 31 March 2022

33,248
3,164
36,412



Depreciation


At 1 April 2021
1,875
1,799
3,674


Charge for the year on owned assets
10,153
161
10,314



At 31 March 2022

12,028
1,960
13,988



Net book value



At 31 March 2022
21,220
1,204
22,424



At 31 March 2021
-
-
-

Page 5

 
Town Centre Properties (UK) Limited
 
 

Notes to the financial statements
For the year ended 31 March 2022

5.


Stocks

2022
2021
£
£

Finished goods and goods for resale
198,640
198,640

198,640
198,640



6.


Debtors

2022
2021
£
£


Other debtors
8,857
55,473

Prepayments and accrued income
263
263

9,120
55,736



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
6,618
9,167

Other loans
-
222,754

Trade creditors
90,936
206,291

Other creditors
630,831
122,630

Accruals and deferred income
9,675
12,304

738,060
573,146



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
41,176
40,833

Other loans
64,200
100,000

105,376
140,833


Page 6

 
Town Centre Properties (UK) Limited
 
 

Notes to the financial statements
For the year ended 31 March 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
6,618
9,167

Other loans
-
222,754


6,618
231,921

Amounts falling due 1-2 years

Bank loans
6,618
40,833


6,618
40,833

Amounts falling due 2-5 years

Bank loans
34,558
-


34,558
-


Total loans
47,794
272,754


Page 7