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REGISTERED NUMBER: 08329375 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TECHNICAL AND PROPERTY DEVELOPMENTS LTD.

TECHNICAL AND PROPERTY DEVELOPMENTS LTD. (REGISTERED NUMBER: 08329375)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TECHNICAL AND PROPERTY DEVELOPMENTS LTD.

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: P S Garratt
K A Garratt





REGISTERED OFFICE: College Cottage S
12/16 Wavendon Road
Salford
Milton Keynes
MK17 8BD





REGISTERED NUMBER: 08329375 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

TECHNICAL AND PROPERTY DEVELOPMENTS LTD. (REGISTERED NUMBER: 08329375)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 328,155 577,722
328,155 577,722

CURRENT ASSETS
Debtors 6 731,176 630,578
Cash at bank 146,626 96,357
877,802 726,935
CREDITORS
Amounts falling due within one year 7 (42,241 ) (243,929 )
NET CURRENT ASSETS 835,561 483,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,163,716

1,060,728

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,162,716 1,059,728
SHAREHOLDERS' FUNDS 1,163,716 1,060,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





P S Garratt - Director


TECHNICAL AND PROPERTY DEVELOPMENTS LTD. (REGISTERED NUMBER: 08329375)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Technical and Property Developments Ltd. is a private company, limited by shares and registered in England and Wales. Its registered office address is College Cottage S, 12/16 Wavendon Road Salford, Milton Keynes, MK17 8BD and the registered number is 08329375.

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 presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Turnover
Income from Limited Liability Partnerships is recognised when profits are allocated for discretionary division to members.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the cost incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures and fittings - 33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

TECHNICAL AND PROPERTY DEVELOPMENTS LTD. (REGISTERED NUMBER: 08329375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investments
Investments in Limited Liability Partnerships are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 3,664
DEPRECIATION
At 1 January 2023
and 31 December 2023 3,664
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

TECHNICAL AND PROPERTY DEVELOPMENTS LTD. (REGISTERED NUMBER: 08329375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 577,722
Disposals (249,567 )
At 31 December 2023 328,155
NET BOOK VALUE
At 31 December 2023 328,155
At 31 December 2022 577,722

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 730,000 629,402
Tax 1,176 1,176
731,176 630,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 172
Taxation and social security 33,659 -
Other creditors 8,582 243,757
42,241 243,929

8. RELATED PARTY DISCLOSURES

At the year end, a loan in the amount of £730,000 (2022: £300,000) was outstanding to a company under common directorship. This loan is interest free and repayable on demand.