Registered number
13118883
TLS Property Development Services (2021) Limited
Unaudited Filleted Accounts
31 January 2024
TLS Property Development Services (2021) Limited
Registered number: 13118883
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,274 2,549
Investments 4 392,717 392,717
393,991 395,266
Current assets
Cash at bank and in hand 268,204 407,520
Creditors: amounts falling due within one year 5 (415,865) (565,415)
Net current liabilities (147,661) (157,895)
Total assets less current liabilities 246,330 237,371
Creditors: amounts falling due after more than one year 6 (238,575) (238,610)
Net assets/(liabilities) 7,755 (1,239)
Capital and reserves
Called up share capital 4 4
Profit and loss account 7,751 (1,243)
Shareholders' funds 7,755 (1,239)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N J Hands
Director
Approved by the board on 30 October 2024
TLS Property Development Services (2021) Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 4 years
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 February 2023 5,099
At 31 January 2024 5,099
Depreciation
At 1 February 2023 2,550
Charge for the year 1,275
At 31 January 2024 3,825
Net book value
At 31 January 2024 1,274
At 31 January 2023 2,549
4 Investments
Investment
properties
£
Cost
At 1 February 2023 392,717
At 31 January 2024 392,717
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 55
Amounts owed to group undertakings and undertakings in which the company has a participating interest 405,112 556,112
Taxation and social security costs 2,232 284
Other creditors 8,521 8,964
415,865 565,415
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 238,575 238,610
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 238,575 238,610
Secured bank loans 238,575 238,610
Loans are secured against the assets to which they relate.
8 Related party transactions
The company received short-term funding from HRH Complete Building Services Limited, a company in which the director N J Hands also serves as a director. Included in creditors at the balance sheet date is an amount of £10,000 (2023 - £10,000) due to HRH Complete Building Services Limited.

The company received short-term funding from Tradeline Solutions Limited, a company in which the director D J Pugh also serves as a director. Included in creditors at the balance sheet date is an amount of £395,112 (2023 - £546,112) due to Tradeline Solutions Limited.
9 Other information
TLS Property Development Services (2021) Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Totman Crescent
Rayleigh
Essex
SS6 7UY
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