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REGISTERED NUMBER: 09385800 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 January 2024

for

T&B Development Ltd

T&B Development Ltd (Registered number: 09385800)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


T&B Development Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M A Briggs
J Treweke





REGISTERED OFFICE: Room 1.40, Second Floor Formal House
St George’s Place
Cheltenham
Gloucestershire
GL50 3PN





REGISTERED NUMBER: 09385800 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T&B Development Ltd


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 T&B Development Ltd for the year ended 31 January 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T&B Development Ltd, 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 T&B Development Ltd and state those matters that we have agreed to state to the Board of Directors of T&B Development Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T&B Development Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T&B Development Ltd 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 T&B Development Ltd. You consider that T&B Development Ltd 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 T&B Development Ltd. 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


31 October 2024

T&B Development Ltd (Registered number: 09385800)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,281 70,600

CURRENT ASSETS
Debtors 5 2,774,328 2,287,165
Cash at bank and in hand 2 6,610
2,774,330 2,293,775
CREDITORS
Amounts falling due within one year 6 2,568,611 1,626,784
NET CURRENT ASSETS 205,719 666,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,000

737,591

CREDITORS
Amounts falling due after more than
one year

7

(187,416

)

(214,434

)

PROVISIONS FOR LIABILITIES - (12,971 )
NET ASSETS 86,584 510,186

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,484 510,086
86,584 510,186

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.

T&B Development Ltd (Registered number: 09385800)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




M A Briggs - Director



J Treweke - Director


T&B Development Ltd (Registered number: 09385800)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

T&B Development Ltd 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 3 years

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

T&B Development Ltd (Registered number: 09385800)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 98,580 3,327 11,295 113,202
Additions 23,259 43 20 23,322
At 31 January 2024 121,839 3,370 11,315 136,524
DEPRECIATION
At 1 February 2023 35,521 1,101 5,980 42,602
Charge for year 22,817 615 2,209 25,641
At 31 January 2024 58,338 1,716 8,189 68,243
NET BOOK VALUE
At 31 January 2024 63,501 1,654 3,126 68,281
At 31 January 2023 63,059 2,226 5,315 70,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 51,196 107,120
Amounts owed by group undertakings 554,449 946,155
Amounts recoverable on contract 2,126,344 1,187,081
Other debtors 42,339 46,809
2,774,328 2,287,165

T&B Development Ltd (Registered number: 09385800)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 41,793 32,232
Hire purchase contracts 13,298 13,766
Trade creditors 299,168 188,606
Amounts owed to group undertakings 1,097,683 578,922
Taxation and social security 109,743 150,691
Other creditors 1,006,926 662,567
2,568,611 1,626,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 151,476 185,603
Hire purchase contracts 35,940 28,831
187,416 214,434

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,338 14,428

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 188,251 217,835
Hire purchase contracts 49,238 42,597
237,489 260,432

The bank loans are in relation to a fixed and floating charge over all assets held by the company.

The hire purchase contracts are secured against the assets in which the liability relates.

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £62,118 (2023 : £77,290).

T&B Development Ltd (Registered number: 09385800)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M A Briggs
Balance outstanding at start of year - 1,976
Amounts repaid - (1,976 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

J Treweke
Balance outstanding at start of year - 26,568
Amounts repaid - (26,568 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £278,480 (2023: £263,266) owed from T&B Group Ltd, the parent company.

Included in debtors is an amount of £275,969 (2023: £273,189) owed from T&B Property Ltd, a group company.

Included in debtors is an amount of £Nil (2023: £405,419) owed from T&B Contracts Ltd, a group company.

Included in debtors is an amount of £Nil (2023: £4,281) owed from Patterdown Farm Barns Ltd, an associated company.

Included in creditors is an amount of £Nil (2023: £262,736) owed to White Acres Barns Ltd, an associated company.

Included in creditors is an amount of £1,097,683 (2023: £316,186) owed to 20 Gladstone Road Ltd, an associated company.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are Mr MA Briggs and Mr J Treweke due to having significant control in T&B Group Ltd, the parent company.

T&B Development Ltd (Registered number: 09385800)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


13. GOING CONCERN

The financial statements have been drawn up on a going concern basis, as the directors and ultimate controlling party will continue to support the company as necessary.