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Registered number: 11713696
TFL Property Holding Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kalculus
Chartered Accountants, Auditors & Business Advisers
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11713696
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,035,835 2,081,076
2,035,835 2,081,076
CURRENT ASSETS
Debtors 5 27,332 34,336
27,332 34,336
Creditors: Amounts Falling Due Within One Year 6 (1,080 ) (1,050 )
NET CURRENT ASSETS (LIABILITIES) 26,252 33,286
TOTAL ASSETS LESS CURRENT LIABILITIES 2,062,087 2,114,362
Creditors: Amounts Falling Due After More Than One Year 7 (2,261,940 ) (2,261,940 )
NET LIABILITIES (199,853 ) (147,578 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (199,953 ) (147,678 )
SHAREHOLDERS' FUNDS (199,853) (147,578)
Page 1
Page 2
For the year ending 31 December 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 her 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
Ms Tala Fustok
Director
4 September 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
TFL Property Holding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11713696 . The registered office is 2nd Floor Gadd House, Arcadia Avenue, London, N3 2JU.
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold Straight line over 50 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 2,262,040
As at 31 December 2023 2,262,040
Depreciation
As at 1 January 2023 180,964
Provided during the period 45,241
As at 31 December 2023 226,205
Net Book Value
As at 31 December 2023 2,035,835
As at 1 January 2023 2,081,076
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 27,332 34,336
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 1,080 1,050
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 2,261,940 2,261,940
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4