IRIS Accounts Production v24.1.4.33 SC588042 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5880422023-02-28SC5880422024-02-29SC5880422023-03-012024-02-29SC5880422022-02-28SC5880422022-03-012023-02-28SC5880422023-02-28SC588042ns15:Scotland2023-03-012024-02-29SC588042ns14:PoundSterling2023-03-012024-02-29SC588042ns10:Director12023-03-012024-02-29SC588042ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC588042ns10:SmallEntities2023-03-012024-02-29SC588042ns10:AuditExemptWithAccountantsReport2023-03-012024-02-29SC588042ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-29SC588042ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC588042ns10:FullAccounts2023-03-012024-02-29SC588042ns10:Director22023-03-012024-02-29SC588042ns10:RegisteredOffice2023-03-012024-02-29SC588042ns5:CurrentFinancialInstruments2024-02-29SC588042ns5:CurrentFinancialInstruments2023-02-28SC588042ns5:Non-currentFinancialInstruments2024-02-29SC588042ns5:Non-currentFinancialInstruments2023-02-28SC588042ns5:RetainedEarningsAccumulatedLosses2024-02-29SC588042ns5:RetainedEarningsAccumulatedLosses2023-02-28SC588042ns5:LandBuildings2023-02-28SC588042ns5:PlantMachinery2023-02-28SC588042ns5:LandBuildings2024-02-29SC588042ns5:PlantMachinery2024-02-29SC588042ns5:LandBuildings2023-02-28SC588042ns5:PlantMachinery2023-02-28
REGISTERED NUMBER: SC588042 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Tlc Property Rentals Ltd

Tlc Property Rentals Ltd (Registered number: SC588042)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Tlc Property Rentals Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M J Hoy
MRS T A Hoy





REGISTERED OFFICE: 4/1 91 Mitchell Street
Glasgow
G1 3LN





REGISTERED NUMBER: SC588042 (Scotland)





ACCOUNTANTS: 525 Accountancy Services Limited
4/1
91 Mitchell Street
Scotland
Glasgow
G1 3LN

Tlc Property Rentals Ltd (Registered number: SC588042)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 380,969 380,969

CURRENT ASSETS
Cash at bank 720 720

CREDITORS
Amounts falling due within one year 5 225,220 230,221
NET CURRENT LIABILITIES (224,500 ) (229,501 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,469

151,468

CREDITORS
Amounts falling due after more than one year 6 143,402 144,687
NET ASSETS 13,067 6,781

RESERVES
Retained earnings 13,067 6,781
13,067 6,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 25 November 2024 and were signed on its behalf by:





M J Hoy - Director


Tlc Property Rentals Ltd (Registered number: SC588042)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Tlc Property Rentals Ltd is a private company, limited by shares , registered in Scotland. 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.

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 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 386,939 16,097 403,036
DEPRECIATION
At 1 March 2023
and 29 February 2024 12,939 9,128 22,067
NET BOOK VALUE
At 29 February 2024 374,000 6,969 380,969
At 28 February 2023 374,000 6,969 380,969

Tlc Property Rentals Ltd (Registered number: SC588042)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts - 3,852
Taxation and social security 1,474 2,543
Other creditors 223,746 223,826
225,220 230,221

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 140,000 140,000
Other creditors 3,402 4,687
143,402 144,687

Tlc Property Rentals Ltd

Report of the Accountants to the Directors of
Tlc Property Rentals 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






525 Accountancy Services Limited
4/1
91 Mitchell Street
Scotland
Glasgow
G1 3LN


Date: .............................................