IRIS Accounts Production v24.3.0.553 11000242 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110002422023-03-31110002422024-03-31110002422023-04-012024-03-31110002422022-03-31110002422022-04-012023-03-31110002422023-03-3111000242ns15:EnglandWales2023-04-012024-03-3111000242ns14:PoundSterling2023-04-012024-03-3111000242ns10:Director12023-04-012024-03-3111000242ns10:Director22023-04-012024-03-3111000242ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111000242ns10:SmallEntities2023-04-012024-03-3111000242ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3111000242ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111000242ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111000242ns10:FullAccounts2023-04-012024-03-3111000242ns10:CompanySecretary12023-04-012024-03-3111000242ns10:RegisteredOffice2023-04-012024-03-3111000242ns5:CurrentFinancialInstruments2024-03-3111000242ns5:CurrentFinancialInstruments2023-03-3111000242ns5:Non-currentFinancialInstruments2024-03-3111000242ns5:Non-currentFinancialInstruments2023-03-3111000242ns5:ShareCapital2024-03-3111000242ns5:ShareCapital2023-03-3111000242ns5:RetainedEarningsAccumulatedLosses2024-03-3111000242ns5:RetainedEarningsAccumulatedLosses2023-03-3111000242ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111000242ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 11000242 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

TPG PROPERTIES LTD

TPG PROPERTIES LTD (REGISTERED NUMBER: 11000242)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

TPG PROPERTIES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A L Harvie
Mrs M Harvie





SECRETARY:





REGISTERED OFFICE: Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY





REGISTERED NUMBER: 11000242 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

TPG PROPERTIES LTD (REGISTERED NUMBER: 11000242)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 784,962 784,962

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 17,519 12,322
17,619 12,422
CREDITORS
Amounts falling due within one year 6 628,159 646,120
NET CURRENT LIABILITIES (610,540 ) (633,698 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,422

151,264

CREDITORS
Amounts falling due after more than one
year

7

93,750

93,750
NET ASSETS 80,672 57,514

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,572 57,414
SHAREHOLDERS' FUNDS 80,672 57,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

TPG PROPERTIES LTD (REGISTERED NUMBER: 11000242)

Balance Sheet - continued
31 March 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 5 November 2024 and were signed on its behalf by:




Mr A L Harvie - Director



Mrs M Harvie - Director


TPG PROPERTIES LTD (REGISTERED NUMBER: 11000242)

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

1. STATUTORY INFORMATION

TPG Properties 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 784,962
NET BOOK VALUE
At 31 March 2024 784,962
At 31 March 2023 784,962

TPG PROPERTIES LTD (REGISTERED NUMBER: 11000242)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 5,799 4,180
Other creditors 622,360 641,940
628,159 646,120

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 93,750 93,750

8. RELATED PARTY DISCLOSURES

At the year end date, £616,100 (2023 - £637,100) was due to the parent company TPG Group Holdings Limited

9. ULTIMATE CONTROLLING PARTY

TPG Group Holdings Limited is regarded as by the directors as being the company's ultimate parent company.

Ultimate controlling party is Mr A Harvie and Mrs M Harvie by virtue of their shareholding in TPG Group Holdings Limited

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TPG Properties 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 TPG Properties Ltd for the year ended 31 March 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 TPG Properties 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 TPG Properties Ltd and state those matters that we have agreed to state to the Board of Directors of TPG Properties 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 TPG Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TPG Properties 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 profit of TPG Properties Ltd. You consider that TPG Properties 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 TPG Properties 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.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


5 November 2024