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REGISTERED NUMBER: 02469784 (England and Wales)















T C HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






T C HOMES LIMITED (REGISTERED NUMBER: 02469784)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


T C HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T P Charnley





REGISTERED OFFICE: The Warehouse
Sabrina Court
Longden Coleham
Shrewsbury
Shropshire
SY3 7BF





REGISTERED NUMBER: 02469784 (England and Wales)





ACCOUNTANTS: Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

T C HOMES LIMITED (REGISTERED NUMBER: 02469784)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 351,300 181,620
Investments 5 - 200
351,300 181,820

CURRENT ASSETS
Stocks 845,068 -
Debtors 6 79,808 331,720
Cash at bank 48,417 442,129
973,293 773,849
CREDITORS
Amounts falling due within one year 7 402,145 226,516
NET CURRENT ASSETS 571,148 547,333
TOTAL ASSETS LESS CURRENT LIABILITIES 922,448 729,153

CREDITORS
Amounts falling due after more than one year 8 (95,963 ) (90,907 )

PROVISIONS FOR LIABILITIES (66,747 ) (34,508 )
NET ASSETS 759,738 603,738

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 51 51
Retained earnings 759,636 603,636
SHAREHOLDERS' FUNDS 759,738 603,738

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 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.

T C HOMES LIMITED (REGISTERED NUMBER: 02469784)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2024 and were signed by:





T P Charnley - Director


T C HOMES LIMITED (REGISTERED NUMBER: 02469784)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

T C Homes 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

T C HOMES LIMITED (REGISTERED NUMBER: 02469784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 340,920
Additions 268,800
Disposals (50,873 )
At 31 March 2024 558,847
DEPRECIATION
At 1 April 2023 159,300
Charge for year 87,048
Eliminated on disposal (38,801 )
At 31 March 2024 207,547
NET BOOK VALUE
At 31 March 2024 351,300
At 31 March 2023 181,620

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 196,873
Additions 132,370
At 31 March 2024 329,243
DEPRECIATION
At 1 April 2023 44,472
Charge for year 13,986
At 31 March 2024 58,458
NET BOOK VALUE
At 31 March 2024 270,785
At 31 March 2023 152,401

T C HOMES LIMITED (REGISTERED NUMBER: 02469784)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 200
Disposals (200 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,695 89,006
Amounts owed by group undertakings 5,000 56,044
Other debtors 18,113 186,670
79,808 331,720

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 88,266 42,849
Trade creditors 1,280 -
Amounts owed to group undertakings - 151,935
Taxation and social security - 19,732
Other creditors 302,599 2,000
402,145 226,516

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 82,510 69,239
Other creditors 1,786 1
95,963 90,907