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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
Page
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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
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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
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Time is Precious Properties Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,537 
26,537 
Investments
- 
7,628 
26,537 
34,165 
Current assets
Debtors
3,314 
1,511 
Cash at bank and in hand
5,059 
1,235 
8,373 
2,746 
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 
Capital and reserves
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
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Time is Precious Properties Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
£ 
Cost or valuation
At cost 
At 1 December 2022
26,537 
At 30 November 2023
26,537 
Depreciation
At 30 November 2023
- 
Net book value
At 30 November 2023
26,537 
At 30 November 2022
26,537 
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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 
Disposals
(7,628)
Valuation at 30 November 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,314 
1,511 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,099 
200 
Loans from directors
26,920 
900 
Accruals
100 
2,064 
28,119 
3,164 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,118 
10,454 
Loans from directors
18,304 
18,304 
Accruals
- 
660 
25,422 
29,418 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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