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Registered number: 06744774
Taylors Apartments Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06744774
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,466 10,645
19,466 10,645
CURRENT ASSETS
Debtors 5 18,150 12,150
Cash at bank and in hand 8,284 4,471
26,434 16,621
Creditors: Amounts Falling Due Within One Year 6 (92,485 ) (31,496 )
NET CURRENT ASSETS (LIABILITIES) (66,051 ) (14,875 )
TOTAL ASSETS LESS CURRENT LIABILITIES (46,585 ) (4,230 )
Creditors: Amounts Falling Due After More Than One Year 7 (7,367 ) (9,967 )
NET LIABILITIES (53,952 ) (14,197 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (54,052 ) (14,297 )
SHAREHOLDERS' FUNDS (53,952) (14,197)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alexander Taylor
Director
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Taylors Apartments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06744774 . The registered office is 4 Nutter Lane, Wanstead, E11 2HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the provision of consultancy services, with this trade ceasing on 31 August 2022. From 1 September 2022, the company started providing short term lets for leased residential properties. 
Turnover is recognised on a monthly in advance, typically when the rent falls due.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 28,841 2,030 30,871
Additions 15,310 - 15,310
As at 30 November 2023 44,151 2,030 46,181
Depreciation
As at 1 December 2022 19,718 508 20,226
Provided during the period 6,109 380 6,489
As at 30 November 2023 25,827 888 26,715
Net Book Value
As at 30 November 2023 18,324 1,142 19,466
As at 1 December 2022 9,123 1,522 10,645
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 18,150 12,150
The 'Other debtors' balance above relates to an interest free loan to a connected company, with no fixed repayment terms and with the loan being repayable on demand.
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 92,225 30,536
Accruals and deferred income 260 960
92,485 31,496
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 7,367 9,967
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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