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REGISTERED NUMBER: 06975441 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024

FOR

TCT DEVELOPMENTS (NORTH EAST) LIMITED

TCT DEVELOPMENTS (NORTH EAST) LIMITED (REGISTERED NUMBER: 06975441)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 August 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCT DEVELOPMENTS (NORTH EAST) LIMITED

COMPANY INFORMATION
for the Period 1 August 2023 to 31 March 2024







DIRECTORS: I Canavan
M Tsang
G Tsang





REGISTERED OFFICE: 47 Leighfield Drive
Sunderland
Tyne and Wear
SR3 2DD





REGISTERED NUMBER: 06975441 (England and Wales)





ACCOUNTANTS: Robert Miller & Co.
Chartered Accountants
43a Front Street
Cleadon Village
Sunderland
SR6 7PG

TCT DEVELOPMENTS (NORTH EAST) LIMITED (REGISTERED NUMBER: 06975441)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 412,833 414,701

CURRENT ASSETS
Debtors 4 770,133 689,362
Cash at bank 6,661 64,258
776,794 753,620
CREDITORS
Amounts falling due within one
year

5

61,824

48,605
NET CURRENT ASSETS 714,970 705,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,127,803

1,119,716

CREDITORS
Amounts falling due after more
than one year

6

(559,623

)

(590,433

)

PROVISIONS FOR LIABILITIES (3,731 ) (4,086 )
NET ASSETS 564,449 525,197

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 564,149 524,897
SHAREHOLDERS' FUNDS 564,449 525,197

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

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

TCT DEVELOPMENTS (NORTH EAST) LIMITED (REGISTERED NUMBER: 06975441)

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.

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 19 September 2024 and were signed on its behalf by:





I Canavan - Director


TCT DEVELOPMENTS (NORTH EAST) LIMITED (REGISTERED NUMBER: 06975441)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 August 2023 to 31 March 2024

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Properties - Not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

3. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Properties machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 393,196 93,982 19,955 6,578 513,711
Additions - - - 666 666
At 31 March 2024 393,196 93,982 19,955 7,244 514,377
DEPRECIATION
At 1 August 2023 - 78,669 17,291 3,050 99,010
Charge for period - 1,531 444 559 2,534
At 31 March 2024 - 80,200 17,735 3,609 101,544
NET BOOK VALUE
At 31 March 2024 393,196 13,782 2,220 3,635 412,833
At 31 July 2023 393,196 15,313 2,664 3,528 414,701

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 52,425 362

Amounts falling due after more than one year:
Other debtors 717,708 689,000

Aggregate amounts 770,133 689,362

TCT DEVELOPMENTS (NORTH EAST) LIMITED (REGISTERED NUMBER: 06975441)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 August 2023 to 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 60,099 47,730
Other creditors 1,725 875
61,824 48,605

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 559,623 590,433

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage loan 500,079 500,000

The mortgage loan is secured on five of the company's properties.