IRIS Accounts Production v24.1.4.33 09913863 director 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099138632022-11-30099138632023-11-30099138632022-12-012023-11-30099138632021-11-30099138632021-12-012022-11-30099138632022-11-3009913863ns15:EnglandWales2022-12-012023-11-3009913863ns14:PoundSterling2022-12-012023-11-3009913863ns10:Director12022-12-012023-11-3009913863ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3009913863ns10:SmallEntities2022-12-012023-11-3009913863ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3009913863ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3009913863ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3009913863ns10:FullAccounts2022-12-012023-11-3009913863ns10:OrdinaryShareClass12022-12-012023-11-3009913863ns10:OrdinaryShareClass22022-12-012023-11-3009913863ns10:RegisteredOffice2022-12-012023-11-3009913863ns5:CurrentFinancialInstruments2023-11-3009913863ns5:CurrentFinancialInstruments2022-11-3009913863ns5:Non-currentFinancialInstruments2023-11-3009913863ns5:Non-currentFinancialInstruments2022-11-3009913863ns5:ShareCapital2023-11-3009913863ns5:ShareCapital2022-11-3009913863ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3009913863ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3009913863ns5:RetainedEarningsAccumulatedLosses2023-11-3009913863ns5:RetainedEarningsAccumulatedLosses2022-11-3009913863ns5:PlantMachinery2022-12-012023-11-3009913863ns5:PlantMachinery2022-11-3009913863ns5:PlantMachinery2023-11-3009913863ns5:PlantMachinery2022-11-3009913863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3009913863ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3009913863ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-3009913863ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-3009913863ns5:Secured2023-11-3009913863ns5:Secured2022-11-3009913863ns10:OrdinaryShareClass12023-11-3009913863ns10:OrdinaryShareClass22023-11-3009913863ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 09913863 (England and Wales)
















Tina Martin Properties Limited

Unaudited Financial Statements

for the Year Ended

30 November 2023






Tina Martin Properties Limited (Registered number: 09913863)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tina Martin Properties Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Ms T Martin





REGISTERED OFFICE: 1 The Fairways
Leamington Spa
Warwickshire
CV32 6PU





REGISTERED NUMBER: 09913863 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Tina Martin Properties Limited (Registered number: 09913863)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,127 9,177
Investment property 5 843,795 430,000
856,922 439,177

CURRENT ASSETS
Debtors 6 - 1,500
Investments 7 - 5,700
Cash at bank 3,024 40,853
3,024 48,053
CREDITORS
Amounts falling due within one year 8 267,319 152,867
NET CURRENT LIABILITIES (264,295 ) (104,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,627

334,363

CREDITORS
Amounts falling due after more than one
year

9

(557,964

)

(321,725

)

PROVISIONS FOR LIABILITIES (19,097 ) (10,697 )
NET ASSETS 15,566 1,941

CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 12 81,316 49,716
Retained earnings 12 (65,752 ) (47,777 )
SHAREHOLDERS' FUNDS 15,566 1,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Tina Martin Properties Limited (Registered number: 09913863)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Ms T Martin - Director


Tina Martin Properties Limited (Registered number: 09913863)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Tina Martin Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises the rental income generated by the investment properties within the financial reporting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Tina Martin Properties Limited (Registered number: 09913863)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 12,252
Additions 6,266
At 30 November 2023 18,518
DEPRECIATION
At 1 December 2022 3,075
Charge for year 2,316
At 30 November 2023 5,391
NET BOOK VALUE
At 30 November 2023 13,127
At 30 November 2022 9,177

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 430,000
Additions 373,795
Revaluations 40,000
At 30 November 2023 843,795
NET BOOK VALUE
At 30 November 2023 843,795
At 30 November 2022 430,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2021 60,413
Valuation in 2023 40,000
Cost 743,382
843,795

If the investment properties had not been revalued they would have been included at the following historical cost:

30.11.23 30.11.22
£    £   
Cost 743,382 369,587

The investment properties were valued on an open market basis on 30 November 2023 by the director, Ms T Martin .

Tina Martin Properties Limited (Registered number: 09913863)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY - continued

The investment properties held in the previous year and the property purchased in the current year were reviewed at the year end by the director and prices were compared to similar properties in the same areas to ascertain the current market values.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors - 281
Prepayments - 1,219
- 1,500

7. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£    £   
Other - 5,700

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed to group undertakings 137,036 137,530
Directors' current accounts 124,942 12,208
Accrued expenses 5,341 3,129
267,319 152,867

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yrs non-inst 557,964 321,725

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 557,964 321,725

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 557,964 321,725

The bank loans are secured by a charge over the properties held.

Tina Martin Properties Limited (Registered number: 09913863)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

The Ordinary A shares and the Ordinary B shares carry full voting rights and the rights to income and capital distribution in the event of a winding up of the company.

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 (47,777 ) 49,716 1,939
Profit for the year 13,625 13,625
Revaluation in year (40,000 ) 40,000 -
Tax on revaluation 8,400 (8,400 ) -
At 30 November 2023 (65,752 ) 81,316 15,564

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms T Martin.