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REGISTERED NUMBER: 13327242 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Till Properties Limited

Till Properties Limited (Registered number: 13327242)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Till Properties Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: L Till
Mrs L M Till





REGISTERED OFFICE: 24 Hurstbourne Avenue
Christchurch
Dorset
BH23 4RG





REGISTERED NUMBER: 13327242 (England and Wales)





ACCOUNTANTS: LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ

Till Properties Limited (Registered number: 13327242)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 615,000 315,000

CURRENT ASSETS
Cash at bank 148 64,921

CREDITORS
Amounts falling due within one year 5 122,044 96,868
NET CURRENT LIABILITIES (121,896 ) (31,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

493,104

283,053

CREDITORS
Amounts falling due after more than one year 6 (446,035 ) (248,275 )

PROVISIONS FOR LIABILITIES (14,845 ) (11,414 )
NET ASSETS 32,224 23,364

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 8 63,285 48,661
Retained earnings (31,071 ) (25,307 )
SHAREHOLDERS' FUNDS 32,224 23,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Till Properties Limited (Registered number: 13327242)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:




L Till - Director



Mrs L M Till - Director


Till Properties Limited (Registered number: 13327242)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Till Properties 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Till Properties Limited (Registered number: 13327242)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 315,000
Additions 281,945
Revaluations 18,055
At 30 April 2024 615,000
NET BOOK VALUE
At 30 April 2024 615,000
At 30 April 2023 315,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2023 60,075
Valuation in 2024 18,055
Cost 536,870
615,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to associates 109,625 85,008
Other creditors 12,419 11,860
122,044 96,868

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 446,035 248,275

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 446,035 248,275

Till Properties Limited (Registered number: 13327242)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 446,035 248,275

The company has provided legal charges against the properties known as 9 Heathlands Close, Burton, Christchurch, Dorset and Flat 10 Marine Court, Marine Drive West, Barton-on-Sea, New Milton, Dorset.

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 48,661
Property revaluations 18,054
Deferred tax provision (3,430 )

At 30 April 2024 63,285

9. RELATED PARTY DISCLOSURES

At the period end the company owed Lewis Till Limited £109,625 (2023: £85,008), a company in that Mr L Till and Mrs L Till are directors and shareholders.

10. ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party during the period under review.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Till Properties Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Till Properties Limited for the year ended 30 April 2024 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Till Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Till Properties Limited and state those matters that we have agreed to state to the Board of Directors of Till Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Till Properties Limited 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 loss of Till Properties Limited. You consider that Till Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Till Properties Limited. 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.






LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ


24 October 2024