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REGISTERED NUMBER: 06354890 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

T J BUCKINGHAM LIMITED

T J BUCKINGHAM LIMITED (REGISTERED NUMBER: 06354890)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


T J BUCKINGHAM LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: T J Buckingham



SECRETARY: Miss P A Stainer



REGISTERED OFFICE: 1 Sheffield Road
Southborough
Tunbridge Wells
Kent
TN4 0PD



REGISTERED NUMBER: 06354890 (England and Wales)



ACCOUNTANTS: Raymond Benn & Co Limited
Chartered Certified Accountants
1 Sheffield Road
Southborough
TUNBRIDGE WELLS
Kent
TN4 0PD



BANKERS: Barclays Bank plc
8 Calverley Road
TUNBRIDGE WELLS
Kent
TN1 2TB

T J BUCKINGHAM LIMITED (REGISTERED NUMBER: 06354890)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 401 535
Investment property 5 575,000 575,000
575,401 575,535

CURRENT ASSETS
Debtors - 1,550
Cash at bank 97 57
97 1,607
CREDITORS
Amounts falling due within one year (22,617 ) (19,636 )
NET CURRENT LIABILITIES (22,520 ) (18,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,881

557,506

CREDITORS
Amounts falling due after more than one
year

6

(149,998

)

(149,992

)

PROVISIONS FOR LIABILITIES (78,107 ) (78,107 )
NET ASSETS 324,776 329,407

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 324,775 329,406
SHAREHOLDERS' FUNDS 324,776 329,407

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 director acknowledges his 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 J BUCKINGHAM LIMITED (REGISTERED NUMBER: 06354890)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





T J Buckingham - Director


T J BUCKINGHAM LIMITED (REGISTERED NUMBER: 06354890)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

T J Buckingham 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.

Turnover
Turnover comprises rents receivable.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Going concern
The going concern basis of accounting has been adopted on the basis that the director continue to provide the company with financial support.

3. EMPLOYEES AND DIRECTORS

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

T J BUCKINGHAM LIMITED (REGISTERED NUMBER: 06354890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 9,056
DEPRECIATION
At 1 April 2023 8,521
Charge for year 134
At 31 March 2024 8,655
NET BOOK VALUE
At 31 March 2024 401
At 31 March 2023 535

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 575,000
NET BOOK VALUE
At 31 March 2024 575,000
At 31 March 2023 575,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 379,917
Cost 195,083
575,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 195,083 195,083

Investment property was valued on an open market basis basis on 31 March 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Building Society loans 5 yr 149,998 149,992

T J BUCKINGHAM LIMITED (REGISTERED NUMBER: 06354890)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Building Society loans 149,998 149,992

The loan from Market Harborough Building Society is secured by a legal charge over the company's freehold property.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
T J Buckingham
Balance outstanding at start of year (17,956 ) (19,028 )
Amounts advanced (2,068 ) -
Amounts repaid - 1,072
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,024 ) (17,956 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is T J Buckingham.