Caseware UK (AP4) 2023.0.135 2023.0.135 32023-04-01falseThe principal activities of the company are investment and property management.3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12838360 2023-04-01 2024-03-31 12838360 2022-04-01 2023-03-31 12838360 2024-03-31 12838360 2023-03-31 12838360 c:Director1 2023-04-01 2024-03-31 12838360 d:FurnitureFittings 2023-04-01 2024-03-31 12838360 d:FurnitureFittings 2024-03-31 12838360 d:FurnitureFittings 2023-03-31 12838360 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12838360 d:FreeholdInvestmentProperty 2024-03-31 12838360 d:FreeholdInvestmentProperty 2023-03-31 12838360 d:CurrentFinancialInstruments 2024-03-31 12838360 d:CurrentFinancialInstruments 2023-03-31 12838360 d:Non-currentFinancialInstruments 2024-03-31 12838360 d:Non-currentFinancialInstruments 2023-03-31 12838360 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12838360 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12838360 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 12838360 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12838360 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 12838360 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12838360 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 12838360 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 12838360 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 12838360 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 12838360 d:ShareCapital 2024-03-31 12838360 d:ShareCapital 2023-03-31 12838360 d:RetainedEarningsAccumulatedLosses 2024-03-31 12838360 d:RetainedEarningsAccumulatedLosses 2023-03-31 12838360 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12838360 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 12838360 c:FRS102 2023-04-01 2024-03-31 12838360 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12838360 c:FullAccounts 2023-04-01 2024-03-31 12838360 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12838360 2 2023-04-01 2024-03-31 12838360 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12838360










TTA Investments LTD








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
TTA Investments LTD
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of TTA Investments LTD for the year ended 31 March 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 TTA Investments LTD for the year ended 31 March 2024 which comprise  the Balance sheet 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of TTA Investments LTD, as a body, in accordance with the terms of our engagement letter dated 19 October 2022Our work has been undertaken solely to prepare for your approval the financial statements of TTA Investments LTD and state those matters that we have agreed to state to the Board of directors of TTA Investments LTD, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TTA Investments LTD and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that TTA Investments LTD 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 TTA Investments LTD. You consider that TTA Investments LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of TTA Investments LTD. 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.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
16 October 2024
Page 1

 
TTA Investments LTD
Registered number: 12838360

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 3 
5,490
3,954

Investment property
 4 
1,262,702
1,262,702

  
1,268,192
1,266,656

Current assets
  

Debtors: amounts falling due within one year
 5 
4,603
7,496

Cash at bank
  
44
3,020

  
4,647
10,516

Creditors: amounts falling due within one year
 6 
(617,633)
(616,869)

Net current liabilities
  
 
 
(612,986)
 
 
(606,353)

Total assets less current liabilities
  
655,206
660,303

Creditors: amounts falling due after more than one year
 7 
(534,545)
(576,277)

Provisions for liabilities
  

Deferred tax
 9 
(1,043)
(989)

  
 
 
(1,043)
 
 
(989)

Net assets
  
119,618
83,037


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
119,468
82,887

  
119,618
83,037


Page 2

 
TTA Investments LTD
Registered number: 12838360

Balance sheet (continued)
As at 31 March 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R D Hearn
Director
Date: 16 October 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
TTA Investments LTD
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

TTA Investments Limited is a private company limited by share capital, incorporated in England and Wales. Its registered office address is: 71 Church Road, Hove, East Sussex, BN3 2BB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable and consists of rental income.

  
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
           Fixtures and fittings             -      10%  straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
 
Page 4

 
TTA Investments LTD
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)


 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.7

Current and deferred taxation

Tax is recognised in profit or loss.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Investment property

Investment property is carried at fair value determined annually by either the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price.

 
2.10

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.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 

Page 5

 
TTA Investments LTD
 

 
Notes to the financial statements
For the year ended 31 March 2024

3.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 April 2023
4,642


Additions
2,000



At 31 March 2024

6,642



Depreciation


At 1 April 2023
688


Charge for the year on owned assets
464



At 31 March 2024

1,152



Net book value



At 31 March 2024
5,490



At 31 March 2023
3,954

Page 6

 
TTA Investments LTD
 

 
Notes to the financial statements
For the year ended 31 March 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,262,702



At 31 March 2024
1,262,702

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,262,702
1,262,702

1,262,702
1,262,702


5.


Debtors

2024
2023
£
£


Trade debtors
4,000
6,700

Prepayments and accrued income
603
796

4,603
7,496


Page 7

 
TTA Investments LTD
 

 
Notes to the financial statements
For the year ended 31 March 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loan
41,158
39,888

Trade creditors
11,632
892

Amounts owed to related party
548,000
555,050

Corporation tax
8,233
11,159

Other creditors
6,450
7,750

Accruals and deferred income
2,160
2,130

617,633
616,869



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
534,545
576,277

534,545
576,277


The following liabilities were secured:

2024
2023
£
£



Bank loan
575,703
616,165

575,703
616,165

Details of security provided:

The bank loan is secured by way of a fixed and floating charge over the company’s assets. 

Page 8

 
TTA Investments LTD
 

 
Notes to the financial statements
For the year ended 31 March 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
41,158
39,888


41,158
39,888

Amounts falling due 1-2 years

Bank loans
42,449
41,140


42,449
41,140

Amounts falling due 2-5 years

Bank loans
135,509
131,328


135,509
131,328

Amounts falling due after more than 5 years

Bank loans
356,587
403,809

356,587
403,809

575,703
616,165


Page 9

 
TTA Investments LTD
 

 
Notes to the financial statements
For the year ended 31 March 2024

9.


Deferred taxation




2024


£






At beginning of year
(989)


Charged to profit or loss
(54)



At end of year
(1,043)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,043)
(989)

(1,043)
(989)


10.


Related party transactions

Hanover Care Limited 
(A company under common control) 
During the period Hanover Care Limited provided TTA Investments LTD with an interest free unsecured loan. At the balance sheet date the amount owed to Hanover Care Limited amounted to £548,000 (2023 - £555,050). 

Page 10