Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mr G P Turbott 21/03/2017 24 September 2024 The principal activity of the Company during the financial year was that of real estate agency activities. 09588026 2023-10-31 09588026 bus:Director1 2023-10-31 09588026 2022-10-31 09588026 core:CurrentFinancialInstruments 2023-10-31 09588026 core:CurrentFinancialInstruments 2022-10-31 09588026 core:Non-currentFinancialInstruments 2023-10-31 09588026 core:Non-currentFinancialInstruments 2022-10-31 09588026 core:ShareCapital 2023-10-31 09588026 core:ShareCapital 2022-10-31 09588026 core:SharePremium 2023-10-31 09588026 core:SharePremium 2022-10-31 09588026 core:RetainedEarningsAccumulatedLosses 2023-10-31 09588026 core:RetainedEarningsAccumulatedLosses 2022-10-31 09588026 bus:OrdinaryShareClass1 2023-10-31 09588026 2022-11-01 2023-10-31 09588026 bus:FilletedAccounts 2022-11-01 2023-10-31 09588026 bus:SmallEntities 2022-11-01 2023-10-31 09588026 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 09588026 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09588026 bus:Director1 2022-11-01 2023-10-31 09588026 2021-11-01 2022-10-31 09588026 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 09588026 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09588026 (England and Wales)

TETHAM PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

TETHAM PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

TETHAM PROPERTY LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
TETHAM PROPERTY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTOR Mr G P Turbott
REGISTERED OFFICE Ground Floor Blackbrook Gate 1
Blackbrook Business Park
Taunton
TA1 2PX
United Kingdom
COMPANY NUMBER 09588026 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
TETHAM PROPERTY LIMITED

BALANCE SHEET

As at 31 October 2023
TETHAM PROPERTY LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Current assets
Stocks 3 159,321 156,885
Debtors 4 2,408,741 2,193,852
Cash at bank and in hand 1,633 1,201
2,569,695 2,351,938
Creditors: amounts falling due within one year 5 ( 1,678,899) ( 1,455,454)
Net current assets 890,796 896,484
Total assets less current liabilities 890,796 896,484
Creditors: amounts falling due after more than one year 6 ( 33,360) ( 40,321)
Net assets 857,436 856,163
Capital and reserves
Called-up share capital 7 284 284
Share premium account 1,597,888 1,597,888
Profit and loss account ( 740,736 ) ( 742,009 )
Total shareholders' funds 857,436 856,163

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Tetham Property Limited (registered number: 09588026) were approved and authorised for issue by the Director on 24 September 2024. They were signed on its behalf by:

Mr G P Turbott
Director
TETHAM PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
TETHAM PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tetham Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has continued to adopt the going concern basis of accounting. The director, and other related companies, have confirmed their willingness to support the company for the foreseeable future (being not less than 12 months from approval of the financial statements), and are also expecting future growth sufficient to enable the company to meet its liabilities.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Stocks

2023 2022
£ £
Work in progress 159,321 156,885

4. Debtors

2023 2022
£ £
Other debtors 2,408,741 2,193,852

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 7,056 10,000
Other taxation and social security 6,595 6,595
Other creditors 1,665,248 1,438,859
1,678,899 1,455,454

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 33,360 40,321

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
28,334 Ordinary shares of £ 0.01 each 283.34 283.34

8. Related party transactions

Other related party transactions

2023 2022
£ £
Amounts owed by the company and is shown in other creditors 126,000 117,000
Amounts owed to the company and is shown in other debtors 2,406,271 2,191,382

During the current and previous year loan accounts existed between Tetham Property Limited and other companies in which the director is a director and shareholder. These loans are interest free and repayable/receivable when the company is in a suitable financial position (see above).