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Registered number: 03310473
Thomas Taylor Properties Limited
Financial Statements
For The Year Ended 31 December 2023
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 03310473
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 604,567 621,211
604,567 621,211
CURRENT ASSETS
Debtors 5 13,702 15,512
Cash at bank and in hand 3,663 184
17,365 15,696
Creditors: Amounts Falling Due Within One Year 6 (640,428 ) (598,240 )
NET CURRENT ASSETS (LIABILITIES) (623,063 ) (582,544 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,496 ) 38,667
Creditors: Amounts Falling Due After More Than One Year 7 (18,187 ) (27,638 )
NET (LIABILITIES)/ASSETS (36,683 ) 11,029
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement (36,685 ) 11,027
SHAREHOLDERS' FUNDS (36,683) 11,029
Page 1
Page 2
For the year ending 31 December 2023 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 Income Statement.
On behalf of the board
Mr J B Thomas
Director
28th October 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
Thomas Taylor Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03310473 . The registered office is 421 Chester Road, Oakenholt, Flint , Flintshire, CH6 5SF. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
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 Straight line over 50 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
5 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 January 2023 832,199
As at 31 December 2023 832,199
Depreciation
As at 1 January 2023 210,988
Provided during the period 16,644
As at 31 December 2023 227,632
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2023 604,567
As at 1 January 2023 621,211
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,739 9,601
Amounts owed by participating interests 2,326 2,326
Other debtors 637 3,585
13,702 15,512
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,035 9,566
Amounts owed to participating interests 621,432 585,926
Other creditors 2,477 2,748
Taxation and social security 6,484 -
640,428 598,240
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans (1-2 yrs) 10,289 9,808
Bank loans (2-5 yrs) 7,898 17,830
18,187 27,638
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4