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REGISTERED NUMBER: 13110998 (England and Wales)













THOMAS VAUGHAN PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






THOMAS VAUGHAN PROPERTY LIMITED (REGISTERED NUMBER: 13110998)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THOMAS VAUGHAN PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs V E Vaughan
Mr D Vaughan





REGISTERED OFFICE: 3 Ynyslyn Road
Hawthorn
Pontypridd
CF37 5AS





REGISTERED NUMBER: 13110998 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

THOMAS VAUGHAN PROPERTY LIMITED (REGISTERED NUMBER: 13110998)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 192 287
Investment property 5 462,029 462,029
462,221 462,316

CURRENT ASSETS
Debtors 6 13,675 12,475
Cash at bank 1,852 6,068
15,527 18,543
CREDITORS
Amounts falling due within one year 7 94,855 111,784
NET CURRENT LIABILITIES (79,328 ) (93,241 )
TOTAL ASSETS LESS CURRENT LIABILITIES 382,893 369,075

CREDITORS
Amounts falling due after more than one year 8 (318,818 ) (314,340 )

PROVISIONS FOR LIABILITIES (13,281 ) (13,281 )
NET ASSETS 50,794 41,454

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 39,842 39,842
Retained earnings 10,950 1,610
50,794 41,454

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

THOMAS VAUGHAN PROPERTY LIMITED (REGISTERED NUMBER: 13110998)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





Mr D Vaughan - Director


THOMAS VAUGHAN PROPERTY LIMITED (REGISTERED NUMBER: 13110998)

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


1. STATUTORY INFORMATION

Thomas Vaughan Property 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 as modified by the revaluation of certain assets.

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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

THOMAS VAUGHAN PROPERTY LIMITED (REGISTERED NUMBER: 13110998)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 February 2023
and 31 January 2024 479
DEPRECIATION
At 1 February 2023 192
Charge for year 95
At 31 January 2024 287
NET BOOK VALUE
At 31 January 2024 192
At 31 January 2023 287

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2023
and 31 January 2024 462,029
NET BOOK VALUE
At 31 January 2024 462,029
At 31 January 2023 462,029

Fair value at 31 January 2024 is represented by:
£
Valuation in 2024 462,029

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 408,906 408,906

investment property was valued on open market basis on 31 October 2024 by the company directors .

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other debtors 13,675 12,475

THOMAS VAUGHAN PROPERTY LIMITED (REGISTERED NUMBER: 13110998)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 2,213 422
Other creditors 92,642 111,362
94,855 111,784

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 318,818 314,340

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 318,818 314,340

9. SECURED DEBTS

The mortgages are secured by fixed charges on the specific property to which the loan relates.

10. RESERVES
Fair value
reserve
£
At 1 February 2023
and 31 January 2024 39,842