IRIS Accounts Production v24.2.0.383 00284170 director 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh002841702023-01-31002841702024-01-31002841702023-02-012024-01-31002841702022-01-31002841702022-02-012023-01-31002841702023-01-3100284170ns15:EnglandWales2023-02-012024-01-3100284170ns14:PoundSterling2023-02-012024-01-3100284170ns10:Director12023-02-012024-01-3100284170ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3100284170ns10:SmallEntities2023-02-012024-01-3100284170ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3100284170ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3100284170ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3100284170ns10:FullAccounts2023-02-012024-01-3100284170ns10:CompanySecretary12023-02-012024-01-3100284170ns10:RegisteredOffice2023-02-012024-01-3100284170ns5:CurrentFinancialInstruments2024-01-3100284170ns5:CurrentFinancialInstruments2023-01-3100284170ns5:ShareCapital2024-01-3100284170ns5:ShareCapital2023-01-3100284170ns5:RevaluationReserve2024-01-3100284170ns5:RevaluationReserve2023-01-3100284170ns5:RetainedEarningsAccumulatedLosses2024-01-3100284170ns5:RetainedEarningsAccumulatedLosses2023-01-3100284170ns5:PlantMachinery2023-02-012024-01-3100284170ns5:PlantMachinery2023-01-3100284170ns5:PlantMachinery2024-01-3100284170ns5:PlantMachinery2023-01-3100284170ns5:CostValuation2023-01-3100284170ns5:RevaluationsIncreaseDecreaseInInvestments2024-01-3100284170ns5:CostValuation2024-01-31
REGISTERED NUMBER: 00284170 (England and Wales)









T & V LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






T & V LIMITED (REGISTERED NUMBER: 00284170)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T & V LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs V J Bastow





SECRETARY: Mrs V J Bastow





REGISTERED OFFICE: Station House
North Street
Havant
Hampshire
PO9 1QU





REGISTERED NUMBER: 00284170 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
Havant
Hampshire
PO9 1QU

T & V LIMITED (REGISTERED NUMBER: 00284170)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149 166
Investments 5 25,160 25,558
Investment property 6 550,000 550,000
575,309 575,724

CURRENT ASSETS
Debtors 7 4,960 4,902
Cash at bank 47,181 39,125
52,141 44,027
CREDITORS
Amounts falling due within one year 8 9,778 9,950
NET CURRENT ASSETS 42,363 34,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,672

609,801

PROVISIONS FOR LIABILITIES 43,679 33,031
NET ASSETS 573,993 576,770

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Other reserves 202,613 202,613
Retained earnings 367,380 370,157
SHAREHOLDERS' FUNDS 573,993 576,770

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

T & V LIMITED (REGISTERED NUMBER: 00284170)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 28 August 2024 and were signed by:





Mrs V J Bastow - Director


T & V LIMITED (REGISTERED NUMBER: 00284170)

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

1. STATUTORY INFORMATION

T & V 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 represents rent due for the year.

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 - 25% on cost and 10% 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade 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

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.


T & V LIMITED (REGISTERED NUMBER: 00284170)

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

2. ACCOUNTING POLICIES - continued
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.

Fixed asset investments
Investments are stated at market value as at the balance sheet date. Any realised gains or losses on revaluation throughout the year are included within the statement of recognised gains and losses and taken to the revaluation reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 7,361
DEPRECIATION
At 1 February 2023 7,195
Charge for year 17
At 31 January 2024 7,212
NET BOOK VALUE
At 31 January 2024 149
At 31 January 2023 166

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2023 25,558
Revaluations (398 )
At 31 January 2024 25,160
NET BOOK VALUE
At 31 January 2024 25,160
At 31 January 2023 25,558

T & V LIMITED (REGISTERED NUMBER: 00284170)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 January 2023 is represented by:
Other
investments
£
Total valuation between 2013 - 2022 (9,169 )
Valuation in 2023 (1,318 )
Cost 36,045
25,558


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 550,000
NET BOOK VALUE
At 31 January 2024 550,000
At 31 January 2023 550,000

In accordance with the company's accounting policy the investment property has been revalued at 31 January 2024 by the director on an open market basis at £550,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2001 50,000
Valuation in 2005 25,000
Valuation in 2020 175,000
Cost 300,000
550,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,960 4,902

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 5,559 5,731
Social security & other taxes 376 921
Other creditors 3,843 3,298
9,778 9,950