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REGISTERED NUMBER: 14039528 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

F J TAYLOR PROPERTIES LTD

F J TAYLOR PROPERTIES LTD (REGISTERED NUMBER: 14039528)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F J TAYLOR PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms F J Taylor
S A Kuspert





REGISTERED OFFICE: 4 Church End
Bedford
BEDFORDSHIRE
MK41 0LU





REGISTERED NUMBER: 14039528 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

F J TAYLOR PROPERTIES LTD (REGISTERED NUMBER: 14039528)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,317 6,067
Investment property 5 2,550,326 2,370,000
2,564,643 2,376,067

CURRENT ASSETS
Cash at bank 5,999 26,245

CREDITORS
Amounts falling due within one year 6 100,001 77,719
NET CURRENT LIABILITIES (94,002 ) (51,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,470,641

2,324,593

CREDITORS
Amounts falling due after more than one
year

7

(1,690,860

)

(1,565,596

)

PROVISIONS FOR LIABILITIES (66,967 ) (58,217 )
NET ASSETS 712,814 700,780

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 538,314 538,314
Fair value reserve 9 200,903 174,653
Retained earnings (26,503 ) (12,287 )
712,814 700,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

F J TAYLOR PROPERTIES LTD (REGISTERED NUMBER: 14039528)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




Ms F J Taylor - Director



S A Kuspert - Director


F J TAYLOR PROPERTIES LTD (REGISTERED NUMBER: 14039528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

F J Taylor Properties Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% 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 2 (2023 - 2 ) .

F J TAYLOR PROPERTIES LTD (REGISTERED NUMBER: 14039528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 9,000 100 9,100
Additions 14,090 - - 14,090
At 31 March 2024 14,090 9,000 100 23,190
DEPRECIATION
At 1 April 2023 - 3,000 33 3,033
Charge for year 2,818 3,000 22 5,840
At 31 March 2024 2,818 6,000 55 8,873
NET BOOK VALUE
At 31 March 2024 11,272 3,000 45 14,317
At 31 March 2023 - 6,000 67 6,067

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,370,000
Additions 145,326
Revaluations 35,000
At 31 March 2024 2,550,326
NET BOOK VALUE
At 31 March 2024 2,550,326
At 31 March 2023 2,370,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 232,870
Valuation in 2024 35,000
Cost 2,282,456
2,550,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,613 -
Directors' current accounts 94,108 75,559
Accrued expenses 2,280 2,160
100,001 77,719

F J TAYLOR PROPERTIES LTD (REGISTERED NUMBER: 14039528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 1,690,860 1,565,596

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,690,860 1,565,596

8. SECURED DEBTS

The mortgages are secured on the properties to which they relate.

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 174,653
Revaluation 35,000
Deferred tax (8,750 )

At 31 March 2024 200,903