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REGISTERED NUMBER: 03823792 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TMG MORTIMER ROAD LIMITED

TMG MORTIMER ROAD LIMITED (REGISTERED NUMBER: 03823792)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TMG MORTIMER ROAD LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: John Milton
David Milton



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 03823792 (England and Wales)



BANKERS: National Westminster Bank Plc
32 Corn Street
Bristol
BS99 7UG

TMG MORTIMER ROAD LIMITED (REGISTERED NUMBER: 03823792)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 378,876 378,576

CURRENT ASSETS
Cash at bank 111 110

CREDITORS
Amounts falling due within one year 388,896 388,331
NET CURRENT LIABILITIES (388,785 ) (388,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,909

)

(9,645

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (9,911 ) (9,647 )
SHAREHOLDERS' FUNDS (9,909 ) (9,645 )

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

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

TMG MORTIMER ROAD LIMITED (REGISTERED NUMBER: 03823792)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





John Milton - Director


TMG MORTIMER ROAD LIMITED (REGISTERED NUMBER: 03823792)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

TMG Mortimer Road 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.

At the balance sheet date the company had net current liabilities of £388,785 (2023 - £388,221) and total net liabilities of £9,909 (2022 - £9,645). The directors have expressed their willingness to support the company as necessary and as such the business is considered to be a going concern and has the full support of the group. The accounts and financial statements have therefore been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

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

TMG MORTIMER ROAD LIMITED (REGISTERED NUMBER: 03823792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 378,576
Additions 300
At 31 March 2024 378,876
NET BOOK VALUE
At 31 March 2024 378,876
At 31 March 2023 378,576

In the opinion of the chairman, Malcolm Milton FRICS, the value of investment property is on an open market basis for existing use was not significantly different from the valuation currently shown. As such the historic cost is £378,876.

5. ULTIMATE PARENT COMPANY

The ultimate parent company is TMG Investments Limited, a company incorporated in the United Kingdom.

6. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.