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COMPANY REGISTRATION NUMBER: 08498462
TJL Management Limited
Filleted Unaudited Financial Statements
30 April 2024
TJL Management Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Officers and professional advisers
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
TJL Management Limited
Officers and Professional Advisers
The board of directors
J Elliot
L B Elliot
Registered office
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
Accountants
"A" Plus Accountants Limited
10 Canberra House
Corbygate Business Park
Corby
Northants
NN17 5JG
TJL Management Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of TJL Management Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TJL Management Limited for the year ended 30 April 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of TJL Management Limited, as a body, in accordance with the terms of our engagement letter dated 25 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of TJL Management Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TJL Management Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that TJL Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TJL Management Limited. You consider that TJL Management Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of TJL Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
"A" Plus Accountants Limited
10 Canberra House Corbygate Business Park Corby Northants NN17 5JG
30 September 2024
TJL Management Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
3,900,000
3,345,000
Current assets
Debtors
5
11,770
1,976
Cash at bank and in hand
67,182
124,734
--------
---------
78,952
126,710
Creditors: amounts falling due within one year
6
92,159
90,294
--------
---------
Net current (liabilities)/assets
( 13,207)
36,416
------------
------------
Total assets less current liabilities
3,886,793
3,381,416
Provisions
Taxation including deferred tax
285,141
146,391
------------
------------
Net assets
3,601,652
3,235,025
------------
------------
Capital and reserves
Called up share capital
100
100
Other reserves
901,131
484,881
Profit and loss account
2,700,421
2,750,044
------------
------------
Shareholders funds
3,601,652
3,235,025
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TJL Management Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 30 September 2024 , and are signed on behalf of the board by:
L B Elliot
Director
Company registration number: 08498462
TJL Management Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Canberra House, Corbygate Business Park, Corby, Northants, NN17 5JG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents amounts for rents receivable,insurance and legal costs recharged and dilapidation fees received, stated net of Value Added Tax.
Tangible assets
The freehold property is an investment property and as such has been revalued by an independent agent. The fall in valuation in the year is reflected in the balance sheet fixed assets and deferred taxation with the net effect posted to "other reserves" which is a non distributable reserve.
Provisions
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
4. Tangible assets
Land and buildings
£
Cost or valuation
At 1 May 2023
3,345,000
Revaluations
555,000
------------
At 30 April 2024
3,900,000
------------
Depreciation
At 1 May 2023 and 30 April 2024
------------
Carrying amount
At 30 April 2024
3,900,000
------------
At 30 April 2023
3,345,000
------------
5. Debtors
2024
2023
£
£
Other debtors
11,770
1,976
--------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
83,393
41,646
Social security and other taxes
17
10,828
Other creditors
8,749
37,820
--------
--------
92,159
90,294
--------
--------