Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 7 December 2021 false 1 April 2023 31 March 2024 31 March 2024 SC716976 Mr Omar Ali Dr Naushad Ali Dr Manas Tiwari iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC716976 2023-03-31 SC716976 2024-03-31 SC716976 2023-04-01 2024-03-31 SC716976 frs-core:CurrentFinancialInstruments 2024-03-31 SC716976 frs-core:Non-currentFinancialInstruments 2024-03-31 SC716976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC716976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC716976 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC716976 frs-core:PlantMachinery 2024-03-31 SC716976 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC716976 frs-core:PlantMachinery 2023-03-31 SC716976 frs-core:ShareCapital 2024-03-31 SC716976 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC716976 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC716976 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC716976 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC716976 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC716976 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC716976 frs-bus:Director1 2023-04-01 2024-03-31 SC716976 frs-bus:Director2 2023-04-01 2024-03-31 SC716976 frs-bus:Director3 2023-04-01 2024-03-31 SC716976 frs-core:Non-currentFinancialInstruments 5 2024-03-31 SC716976 frs-countries:Scotland 2023-04-01 2024-03-31 SC716976 2021-12-06 SC716976 2023-03-31 SC716976 2021-12-07 2023-03-31 SC716976 frs-core:CurrentFinancialInstruments 2023-03-31 SC716976 frs-core:Non-currentFinancialInstruments 2023-03-31 SC716976 frs-core:ShareCapital 2023-03-31 SC716976 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC716976 frs-core:Non-currentFinancialInstruments 5 2023-03-31
Registered number: SC716976
TBG Property Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC716976
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,656,726 1,064,348
1,656,726 1,064,348
CURRENT ASSETS
Debtors 5 1,787 53,788
Cash at bank and in hand 26,886 18,020
28,673 71,808
Creditors: Amounts Falling Due Within One Year 6 (1,900,848 ) (1,229,196 )
NET CURRENT ASSETS (LIABILITIES) (1,872,175 ) (1,157,388 )
TOTAL ASSETS LESS CURRENT LIABILITIES (215,449 ) (93,040 )
Creditors: Amounts Falling Due After More Than One Year 7 (50,000 ) (50,000 )
NET LIABILITIES (265,449 ) (143,040 )
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account (265,452 ) (143,043 )
SHAREHOLDERS' FUNDS (265,449) (143,040)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Omar Ali
Director
09/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TBG Property Group Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC716976 . The registered office is 224-226 Ayr Road, Newton Mearns, Glasgow, G77 6DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation policy
Plant & Machinery 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 555,960 635,484 1,191,444
Additions 624,100 127,167 751,267
As at 31 March 2024 1,180,060 762,651 1,942,711
Depreciation
As at 1 April 2023 - 127,096 127,096
Provided during the period - 158,889 158,889
As at 31 March 2024 - 285,985 285,985
Net Book Value
As at 31 March 2024 1,180,060 476,666 1,656,726
As at 1 April 2023 555,960 508,388 1,064,348
Page 3
Page 4
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
VAT 1,202 53,788
Other taxes and social security 585 -
1,787 53,788
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Accruals and deferred income 1,560 1,200
Directors' loan accounts 1,899,288 1,227,996
1,900,848 1,229,196
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Ernarxo 50,000 50,000
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 3 3
Page 4