Registered Number:10445546 |
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 October 2023
Tutein Developments Ltd
Contents Page
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Statement of Financial Position and Notes to the Accounts
Tutein Developments Ltd
Statement of Financial Position and Notes to the Accounts
2022
2023
379,735
380,289
Creditors: amounts falling due |
(409,249)
(409,248)
(28,960)
(29,513)
Net current liabilities
Total assets less current liabilities |
(29,513)
(28,960)
Accruals and deferred income |
(373)
(403)
(29,886)
Net liabilities
(29,363)
(29,886)
(29,363)
Statutory Information
Tutein Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 10445546. |
Unit 9, 97-101 Peregrine Road,
Hainault Business Park,
Hainault
Essex
IG6 3XH
The presentation currency is £ sterling. |
Basis of preparation of the financial statements
The financial statements are prepared on a going concern basis despite negative reserves of £29,887 |
due to the company being supported by the company's directors/shareholders by deferring withdrawal of their loans. |
Also in the long term the company hopes to make significant profits when it's development plans are completed. |
Stock
The cost of the development including all planning/legal costs are included in the stock figure.
2. Guarantees and other financial commitments |
Other financial commitments |
The company has enterered into a joint venture with Hornchurch Development Ltd |
Hornchurch Development Ltd (HDL) have built houses on the land owned by Tutein Developments Ltd and have |
taken all the financial risks associated with the building and financial costs of building them. The properties have not |
been sold to prospective buyers yet but they were rented out during the latter half of the year ended 30 November |
2023 onwards. |
If and when the properties are sold, any deemed profit on sale after relevant costs will be shared in an agreed ratio |
between Tutein Developments Ltd and HDL. |
The rental income has gone to HDL (to cover maintenance, servicing of borrowing, interest on finance etc) who shall |
be accounting for it. None of the rental income has been received by Tutein Developments Ltd. |
Funding requirements by HDL have necessitated some legal charges to be registered at Companies House but |
these charges are released as they get satisfied when the lender gets repaid. |
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For the year ended 31 October 2023
Tutein Developments Ltd
Statement of Financial Position and Notes to the Accounts Continued
3. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 3)
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006. |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
These financial statements have been prepared in accordance with the micro-entities provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 23 August 2024 and were signed by: |
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