Company Registration No. 09855225 (England and Wales)
Time is Precious Properties Limited
Unaudited accounts
for the year ended 30 November 2023
Time is Precious Properties Limited
Unaudited accounts
Contents
Time is Precious Properties Limited
Company Information
for the year ended 30 November 2023
Director
Michelle Wedderburn
Company Number
09855225 (England and Wales)
Registered Office
Sapphire House
116 Station road
Chinnor
Oxfordshire
OX39 4QG
United Kingdom
Accountants
Akusika Business Services Ltd
Sapphire House
116 Station Road
Chinnor
Oxon
OX39 4QG
Time is Precious Properties Limited
Accountants' report
Accountants' report to the director of Time is Precious Properties Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Time is Precious Properties Limited for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Time is Precious Properties Limited, as a body, in accordance with the terms of our engagement letter dated 1 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of Time is Precious Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Time is Precious Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Time is Precious Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Time is Precious Properties Limited. You consider that Time is Precious Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Time is Precious Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Akusika Business Services Ltd
Sapphire House
116 Station Road
Chinnor
Oxon
OX39 4QG
25 August 2024
Time is Precious Properties Limited
Statement of financial position
as at 30 November 2023
Tangible assets
26,537
26,537
Cash at bank and in hand
5,059
1,235
Creditors: amounts falling due within one year
(28,119)
(3,164)
Net current liabilities
(19,746)
(418)
Total assets less current liabilities
6,791
33,747
Creditors: amounts falling due after more than one year
(25,422)
(29,418)
Net (liabilities)/assets
(18,631)
4,329
Called up share capital
100
100
Profit and loss account
(18,731)
4,229
Shareholders' funds
(18,631)
4,329
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2024 and were signed on its behalf by
Michelle Wedderburn
Director
Company Registration No. 09855225
Time is Precious Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
Time is Precious Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09855225. The registered office is Sapphire House, 116 Station road, Chinnor, Oxfordshire, OX39 4QG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Annual Revaluation
4
Tangible fixed assets
Land & buildings
At 30 November 2023
26,537
At 30 November 2023
26,537
At 30 November 2022
26,537
Time is Precious Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Investments
Subsidiary undertakings
Valuation at 1 December 2022
7,628
Valuation at 30 November 2023
-
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,099
200
Loans from directors
26,920
900
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
18,304
18,304
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).