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REGISTERED NUMBER: 10790923 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 May 2024

for

TOLLGATE PROPERTIES LIMITED

TOLLGATE PROPERTIES LIMITED (REGISTERED NUMBER: 10790923)






Contents of the Financial Statements
for the year ended 31 MAY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TOLLGATE PROPERTIES LIMITED

Company Information
for the year ended 31 MAY 2024







DIRECTOR: D G Scott





REGISTERED OFFICE: Thistle Down Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: 10790923 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire
NN6 0BG

TOLLGATE PROPERTIES LIMITED (REGISTERED NUMBER: 10790923)

Abridged Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,898 4,009
Investment property 5 360,000 360,000
361,898 364,009

CURRENT ASSETS
Debtors 167 144
Cash at bank 6,278 149
6,445 293
CREDITORS
Amounts falling due within one year 366,337 365,662
NET CURRENT LIABILITIES (359,892 ) (365,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,006

(1,360

)

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings 1,986 (1,380 )
SHAREHOLDERS' FUNDS 2,006 (1,360 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TOLLGATE PROPERTIES LIMITED (REGISTERED NUMBER: 10790923)

Abridged Balance Sheet - continued
31 MAY 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 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





D G Scott - Director


TOLLGATE PROPERTIES LIMITED (REGISTERED NUMBER: 10790923)

Notes to the Financial Statements
for the year ended 31 MAY 2024

1. STATUTORY INFORMATION

Tollgate Properties 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.

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.

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.
Improvements to property - Straight line over 5 years
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

Going concern
Having due regard to cash flow forecasts, the director considers that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 17,095
DEPRECIATION
At 1 June 2023 13,086
Charge for year 2,111
At 31 May 2024 15,197
NET BOOK VALUE
At 31 May 2024 1,898
At 31 May 2023 4,009

TOLLGATE PROPERTIES LIMITED (REGISTERED NUMBER: 10790923)

Notes to the Financial Statements - continued
for the year ended 31 MAY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 360,000
NET BOOK VALUE
At 31 May 2024 360,000
At 31 May 2023 360,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 244,151 244,151

Paragon Bank PLC (reference 107909230003 & 10790923002) held a fixed charges dated 16 February 2022 and 20 October 2017 over the company's property for all monies due to them.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
20 20