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REGISTERED NUMBER: 02598434 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tadcaster Business Centre Limited

Tadcaster Business Centre Limited (Registered number: 02598434)






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


Tadcaster Business Centre Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B Percival
M R Percival
Mrs R A Percival





SECRETARY: B Percival





REGISTERED OFFICE: 4-6 Bridge Street
Tadcaster
North Yorkshire
LS24 9AL





REGISTERED NUMBER: 02598434 (England and Wales)





ACCOUNTANT: L Green & Co
Chartered Certified Accountants
Unit 6 Jupiter Business Park
353 Bentley Road
Bentley
Doncaster
South Yorkshire
DN5 9TJ

Tadcaster Business Centre Limited (Registered number: 02598434)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 433,979 435,136

CURRENT ASSETS
Debtors 5 21,469 23,364
Cash at bank 2,522 4,060
23,991 27,424
CREDITORS
Amounts falling due within one year 6 52,183 50,744
NET CURRENT LIABILITIES (28,192 ) (23,320 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,787

411,816

PROVISIONS FOR LIABILITIES 41,205 41,205
NET ASSETS 364,582 370,611

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 174,971 174,971
Retained earnings 189,511 195,540
SHAREHOLDERS' FUNDS 364,582 370,611

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.

Tadcaster Business Centre Limited (Registered number: 02598434)

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 12 September 2024 and were signed on its behalf by:





M R Percival - Director


Tadcaster Business Centre Limited (Registered number: 02598434)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Tadcaster Business Centre 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 invoiced commercial rental income and services on a quarterly or monthly basis, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - over 25 years
Computer equipment - 33% on cost

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 (2023 - NIL).

Tadcaster Business Centre Limited (Registered number: 02598434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 440,000 20,680 1,000 461,680
DEPRECIATION
At 1 April 2023 17,777 8,272 495 26,544
Charge for year - 827 330 1,157
At 31 March 2024 17,777 9,099 825 27,701
NET BOOK VALUE
At 31 March 2024 422,223 11,581 175 433,979
At 31 March 2023 422,223 12,408 505 435,136

Cost or valuation at 31 March 2024 is represented by:

Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
Valuation in 2019 100,000 - - 100,000
Valuation in 2021 176,014 - - 176,014
Valuation in 2022 (60,000 ) - - (60,000 )
Cost 223,986 20,680 1,000 245,666
440,000 20,680 1,000 461,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,608 8,503
Other debtors 14,861 14,861
21,469 23,364

Tadcaster Business Centre Limited (Registered number: 02598434)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors (2 ) 636
Amounts owed to group undertakings 45,922 41,423
VAT 2,121 2,354
Directors' current accounts 1,876 1,449
Accrued expenses 2,266 4,882
52,183 50,744

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 174,971

8. RELATED PARTY DISCLOSURES

Balances due to related parties at the year end are as follows:

Thomson & French Limited £39,433 (2023:£35,513)
Thomson & French Rentals Limited £6,489 (2023:£6,490)

Balances due from related parties at the year end are as follows:

Brian Percival Associates £14,861 (2023:£14,861)

9. ULTIMATE CONTROLLING PARTY

The company is owned and controlled by the Beverley Laxdale Discretionary Trust.