T And P Property Ltd Filleted Accounts Cover
T And P Property Ltd
Company No. 13341609
Information for Filing with The Registrar
30 April 2024
T And P Property Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 30 April 2024.
Principal activities
The principal activity of the company during the year under review was letting of real estate.
Director
The Director who served at any time during the year was as follows:
M. Symons
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M. Symons
Director
27 August 2024
T And P Property Ltd Balance Sheet Registrar
at
30 April 2024
Company No.
13341609
Notes
2024
2023
£
£
Fixed assets
Investment property
4
928,160634,000
928,160634,000
Current assets
Debtors
5
-480
Cash at bank and in hand
5,39313,213
5,39313,693
Creditors: Amount falling due within one year
6
(375,751)
(167,218)
Net current liabilities
(370,358)
(153,525)
Total assets less current liabilities
557,802480,475
Creditors: Amounts falling due after more than one year
7
(501,790)
(418,790)
Provisions for liabilities
Deferred taxation
(10,945)
(11,105)
Net assets
45,06750,580
Capital and reserves
Called up share capital
1010
Non distributable reserve
8
46,66147,341
Profit and loss account
8
(1,604)
3,229
Total equity
45,06750,580
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 August 2024 and signed on its behalf by:
M. Symons
Director
27 August 2024
T And P Property Ltd Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
T And P Property Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13341609
Its registered office is:
3 Trefoil Drive
Bicester
Oxon
Oxfordshire
OX26 3AG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
31
4
Investment property
Freehold Investment Property
£
Valuation
At 1 May 2023
634,000
Additions
295,000
Revaluation
(840)
At 30 April 2024
928,160
5
Debtors
2024
2023
£
£
Other debtors
-480
-480
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
-
1,383
Loans from directors
372,784164,863
Other creditors
1,944-
Accruals and deferred income
1,023972
375,751167,218
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
501,790418,790
501,790418,790
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
501,790
418,790
501,790418,790
These amounts represent mortgages on investment properties, each mortgage being secured against the relevant property.
8
Reserves
Non distributable Reserve
Total other reserves
£
£
At 1 May 2022
31,598
31,598
Movement on reserve
15,743
15,743
At 30 April 2023 and 1 May 2023
47,341
47,341
Movement on reserve
(680)
(680)
At 30 April 2024
46,66146,661
Non distributable reserve - reflects the revaluation of investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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