TL84 (the Dell) Limited Filleted Accounts Cover
TL84 (the Dell) Limited
Company No. 07050297
Information for Filing with The Registrar
31 March 2024
TL84 (the Dell) Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was the management and letting of residential and commercial property.
Directors
The Directors who served at any time during the year were as follows:
Jill Prime
Stuart James Prime
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Stuart James Prime
Company Secretary
20 September 2024
TL84 (the Dell) Limited Balance Sheet Registrar
at
31 March 2024
Company No.
07050297
Notes
2024
2023
£
£
Fixed assets
Investment property
4
2,650,3382,642,005
2,650,3382,642,005
Current assets
Debtors
5
3,4492,640
Cash at bank and in hand
150,27784,022
153,72686,662
Creditors: Amount falling due within one year
6
(1,896,997)
(1,849,943)
Net current liabilities
(1,743,271)
(1,763,281)
Total assets less current liabilities
907,067878,724
Provisions for liabilities
Deferred taxation
(170,000)
(170,000)
Net assets
737,067708,724
Capital and reserves
Called up share capital
11
Revaluation reserve
9
529,547529,547
Profit and loss account
9
207,519179,176
Total equity
737,067708,724
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 20 September 2024 and signed on its behalf by:
Stuart James Prime
Director
20 September 2024
TL84 (the Dell) Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
TL84 (the Dell) Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07050297
Its registered office is:
Unit C17
Kestrel Bussiness Centre
Colwick Industrial Estate
Nottingham
NG4 2JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The directors are not aware of any material threats to the ability of the company to continue to trade for the foreseeable future.
2
Accounting policies
Turnover
Turnover is the fair value of rental income receivable for the period.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2023
2,642,005
Additions
8,333
At 31 March 2024
2,650,338
The freehold investment property was revalued by the directors on an existing use basis as at 31 March 2024.
5
Debtors
2024
2023
£
£
Trade debtors
1,9021,237
VAT recoverable
47-
Prepayments and accrued income
1,5001,403
3,4492,640
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Other loans
1,818,9761,758,532
Trade creditors
35318
Taxes and social security
4,811
1,627
Loans from directors
1,6311,632
Other creditors
5,18213,682
Accruals and deferred income
66,04474,452
1,896,9971,849,943
7
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
1,6311,632
The director's loan is secured by a charge over the assets of the company.
8
Share Capital
Share capital consists of 1 Ordinary Share of £1 which is fully paid up.
9
Reserves
Fair Value Reserve
Total other reserves
£
£
At 1 April 2022
529,547
529,547
At 31 March 2023 and 1 April 2023
529,547
529,547
At 31 March 2024
529,547529,547
Fair value reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
12,000
-
12,000
-
Dividends by type:
Equity dividends
12,000-
12,000
-
11
Related party transactions
Dividends paid to the directors and their associates amounted to £12,000.
The directors are also directors of Primeco 100 Limited.
At 31 March 2024 the company owed £1,818,976 (2023 £1,758,682) to Primeco 100 Limited.
The company was charged interest of £62,609 (2023 £60,444) by Primeco 100 Limited.
2024
2023
Balances owed from and (to) the directors
£
£
Name of Director
Jill Prime
Amount from and (to) director
(1,631)
(1,632)
Loans are unsecured, free of interest and repayable upon demand.
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