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REGISTERED NUMBER: 11812092 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

TITAN LAND AND BUILDING LIMITED

TITAN LAND AND BUILDING LIMITED (REGISTERED NUMBER: 11812092)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TITAN LAND AND BUILDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P Taylor
M D O'Halloran





REGISTERED OFFICE: Estate Office
St Andrews Business Centre
91-93 St Marys Road
Garston, Liverpool
Merseyside
L19 2NL





REGISTERED NUMBER: 11812092 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

TITAN LAND AND BUILDING LIMITED (REGISTERED NUMBER: 11812092)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 898,718 885,108

CURRENT ASSETS
Debtors 5 4,588 9,200
Cash at bank and in hand 27,789 69,146
32,377 78,346
CREDITORS
Amounts falling due within one year 6 867,696 101,614
NET CURRENT LIABILITIES (835,319 ) (23,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,399

861,840

PROVISIONS FOR LIABILITIES 22,535 20,280
NET ASSETS 40,864 841,560

CAPITAL AND RESERVES
Called up share capital 7 40,100 40,100
Retained earnings 764 801,460
SHAREHOLDERS' FUNDS 40,864 841,560

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

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

TITAN LAND AND BUILDING LIMITED (REGISTERED NUMBER: 11812092)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th September 2024 and were signed on its behalf by:





P Taylor - Director


TITAN LAND AND BUILDING LIMITED (REGISTERED NUMBER: 11812092)

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

1. STATUTORY INFORMATION

Titan Land and Building 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis which assumes the continuing support of related parties.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TITAN LAND AND BUILDING LIMITED (REGISTERED NUMBER: 11812092)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st April 2023 806,787 34,600 75,000
Additions - - 37,500
At 31st March 2024 806,787 34,600 112,500
DEPRECIATION
At 1st April 2023 - 15,173 22,217
Charge for year - 4,857 19,446
At 31st March 2024 - 20,030 41,663
NET BOOK VALUE
At 31st March 2024 806,787 14,570 70,837
At 31st March 2023 806,787 19,427 52,783

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 7,279 4,137 927,803
Additions 2,267 - 39,767
At 31st March 2024 9,546 4,137 967,570
DEPRECIATION
At 1st April 2023 1,550 3,755 42,695
Charge for year 1,472 382 26,157
At 31st March 2024 3,022 4,137 68,852
NET BOOK VALUE
At 31st March 2024 6,524 - 898,718
At 31st March 2023 5,729 382 885,108

TITAN LAND AND BUILDING LIMITED (REGISTERED NUMBER: 11812092)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,606 1,713
Other debtors - 1,275
Accrued income 149 -
Prepayments 2,833 6,212
4,588 9,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,409 21,685
Amounts owed to group undertakings 849,600 64,600
Social security and other taxes 340 225
VAT 4,034 4,744
Other creditors 7,459 7,981
Directors' current accounts 624 624
Deferred income 600 1,035
Accrued expenses 630 720
867,696 101,614

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40,100 Ordinary £1 40,100 40,100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Taylor Jumbo Discretionary Trust which owns all of the issued share capital of Taylor Jumbo Holdings Limited, incorporated on the Isle of Man, which is the ultimate parent undertaking.