2 01/05/2023 30/04/2024 2024-04-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13348808 2023-05-01 2024-04-30 13348808 2024-04-30 13348808 2023-04-30 13348808 2022-05-01 2023-04-30 13348808 2023-04-30 13348808 2022-04-30 13348808 bus:RegisteredOffice 2023-05-01 2024-04-30 13348808 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 13348808 bus:Director1 2023-05-01 2024-04-30 13348808 bus:Director2 2023-05-01 2024-04-30 13348808 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 13348808 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 13348808 core:WithinOneYear 2024-04-30 13348808 core:WithinOneYear 2023-04-30 13348808 core:AfterOneYear 2024-04-30 13348808 core:AfterOneYear 2023-04-30 13348808 core:ShareCapital 2024-04-30 13348808 core:ShareCapital 2023-04-30 13348808 core:RetainedEarningsAccumulatedLosses 2024-04-30 13348808 core:RetainedEarningsAccumulatedLosses 2023-04-30 13348808 core:ShareCapital 2022-04-30 13348808 core:RetainedEarningsAccumulatedLosses 2022-04-30 13348808 core:PreviouslyStatedAmount core:ShareCapital 2024-04-30 13348808 bus:SmallEntities 2023-05-01 2024-04-30 13348808 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13348808 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13348808 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13348808 bus:AbridgedAccounts 2023-05-01 2024-04-30
Company registration number: 13348808
TLTL PROPERTIES LIMITED
Unaudited abridged financial statements
30 April 2024
TLTL PROPERTIES LIMITED
Contents
Directors and other information
Directors report
Accountant's report
Statement of comprehensive income
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
TLTL PROPERTIES LIMITED
Directors and other information
Directors Mr Muthurajah THIRUCHELVAM
Mrs Sobana THIRUCHELVAM
Company number 13348808
Registered office 69-75 Boston Manor Road
Brentford
Middlesex
TW8 9JJ
Business address 124 Leyswood Drive
Ilford
IG2 7JN
Accountant SPC Nathans
69-75 Boston Manor Road
Brentford
Middlesex
TW8 9JJ
TLTL PROPERTIES LIMITED
Directors report
Year ended 30 April 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2024.
Directors
The directors who served the company during the year were as follows:
Mr Muthurajah THIRUCHELVAM
Mrs Sobana THIRUCHELVAM
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 14 November 2024 and signed on behalf of the board by:
Mr Muthurajah THIRUCHELVAM
Director
TLTL PROPERTIES LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of TLTL PROPERTIES LIMITED
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of TLTL PROPERTIES LIMITED for the year ended 30 April 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
My work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
SPC Nathans
Chartered Certified Accountants
69-75 Boston Manor Road
Brentford
Middlesex
TW8 9JJ
14 November 2024
TLTL PROPERTIES LIMITED
Statement of comprehensive income
Year ended 30 April 2024
2024 2023
Note £ £
Turnover 39,212 28,325
Other operating expenses ( 15,494) ( 10,025)
_______ _______
Operating profit 23,718 18,300
Interest payable and similar expenses ( 18,612) ( 15,951)
_______ _______
Profit before taxation 5,106 2,349
Tax on profit - -
_______ _______
Profit for the financial year and total comprehensive income 5,106 2,349
_______ _______
All the activities of the company are from continuing operations.
TLTL PROPERTIES LIMITED
Abridged statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 862,108 862,108
_______ _______
862,108 862,108
Current assets
Cash at bank and in hand 9,334 5,268
_______ _______
9,334 5,268
Creditors: amounts falling due
within one year ( 259,011) ( 260,051)
_______ _______
Net current liabilities ( 249,677) ( 254,783)
_______ _______
Total assets less current liabilities 612,431 607,325
Creditors: amounts falling due
after more than one year ( 611,490) ( 611,490)
_______ _______
Net assets/(liabilities) 941 ( 4,165)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 841 ( 4,265)
_______ _______
Shareholders funds/(deficit) 941 ( 4,165)
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
Mr Muthurajah THIRUCHELVAM
Director
Company registration number: 13348808
TLTL PROPERTIES LIMITED
Statement of changes in equity
Year ended 30 April 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2022 100 ( 6,614) ( 6,514)
Profit for the year 2,349 2,349
_______ _______ _______
Total comprehensive income for the year - 2,349 2,349
_______ _______ _______
At 30 April 2023 and 1 May 2023 100 ( 4,265) ( 4,165)
Profit for the year 5,106 5,106
_______ _______ _______
Total comprehensive income for the year - 5,106 5,106
_______ _______ _______
At 30 April 2024 100 841 941
_______ _______ _______
TLTL PROPERTIES LIMITED
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 69-75 Boston Manor Road, Brentford, Middlesex, TW8 9JJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
£
Cost
At 1 May 2023 and 30 April 2024 862,108
_______
Depreciation
At 1 May 2023 and 30 April 2024 -
_______
Carrying amount
At 30 April 2024 862,108
_______
At 30 April 2023 862,108
_______
6. Directors advances, credits and guarantees
None