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Registered number: 13095375
Tbart Holdings Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13095375
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 625,585 262,085
Investments 5 34,243 6,600
659,828 268,685
CURRENT ASSETS
Debtors 6 273 8,732
Cash at bank and in hand 2,423 30,387
2,696 39,119
Creditors: Amounts Falling Due Within One Year 7 (61,063 ) (1,002 )
NET CURRENT ASSETS (LIABILITIES) (58,367 ) 38,117
TOTAL ASSETS LESS CURRENT LIABILITIES 601,461 306,802
Creditors: Amounts Falling Due After More Than One Year 8 (512,789 ) (252,385 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,487 ) -
NET ASSETS 82,185 54,417
CAPITAL AND RESERVES
Called up share capital 9 210 210
Profit and Loss Account 81,975 54,207
SHAREHOLDERS' FUNDS 82,185 54,417
Page 1
Page 2
For the year ending 30 April 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 Tomasz Bartosiewicz
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Tbart Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13095375 . The registered office is Belmont Suite, Paragon Business Park, Chorley New Road, Bolton, BL6 6HG.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Investment Property
2024
£
Fair Value
As at 1 May 2023 262,085
Additions 363,500
As at 30 April 2024 625,585
If investment properties had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 609,085 255,585
The properties were valued on a market value basis in 2023.
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 May 2023 100 6,500 6,600
Additions - 3,200 3,200
Revaluations - 24,443 24,443
As at 30 April 2024 100 34,143 34,243
Provision
As at 1 May 2023 - - -
As at 30 April 2024 - - -
Net Book Value
As at 30 April 2024 100 34,143 34,243
As at 1 May 2023 100 6,500 6,600
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 273 250
Directors' loan accounts - 8,482
273 8,732
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Corporation tax - 293
Accruals and deferred income - 480
Directors' loan accounts 61,062 228
61,063 1,002
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 443,029 182,625
Amounts owed to subsidiaries 69,760 69,760
512,789 252,385
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 210 210
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Tomasz Bartosiewicz 8,482 - 8,482 - -
The above loan is unsecured, interest free and repayable on demand.
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