2022-11-01 10445546 2023-10-31 10445546 2022-11-01 2023-10-31 10445546 2022-10-31 10445546 2021-11-01 2022-10-31 10445546 uk-core:WithinOneYear 2022-10-31 10445546 uk-core:WithinOneYear 2023-10-31 10445546 uk-bus:Director1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure 10445546 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10445546 uk-bus:Micro-entities 2022-11-01 2023-10-31 10445546 uk-bus:FullAccounts 2022-11-01 2023-10-31 10445546 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Tutein Developments Ltd
Registered Number:10445546
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
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
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10445546
Registered Number :
As at 31 October 2023
Tutein Developments Ltd
Statement of Financial Position and Notes to the Accounts
£
£
2022
2023
£
£
379,735
380,289
Current assets
Creditors: amounts falling due
within one year
(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)
Capital and reserves
Notes to the Accounts
Statutory Information
Tutein Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10445546.
Registered address:
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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10445546
Registered Number :
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.
Anthony Lewis Director
These financial statements were approved and authorised for issue by the Board on 23 August 2024 and were signed by:
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