Registered number
13187832
TGH 1 LIMITED
Filleted Accounts
29 February 2024
TGH 1 LIMITED
Registered number: 13187832
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 301,791 268,930
Current assets
Cash at bank and in hand 100 -
Creditors: amounts falling due within one year 4 (32,238) (31,189)
Net current liabilities (32,138) (31,189)
Total assets less current liabilities 269,653 237,741
Creditors: amounts falling due after more than one year 5 (283,618) (275,626)
Net liabilities (13,965) (37,885)
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 31,070 -
Profit and loss account (45,135) (37,985)
Shareholder's funds (13,965) (37,885)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Anique Chohan
Director
Approved by the board on 26 November 2024
TGH 1 LIMITED
Notes to the Accounts
for the year ended 29 February 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:
Land and buildings over 50 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 268,930
Surplus on revaluation 32,861
At 29 February 2024 301,791
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 301,791
At 28 February 2023 268,930
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (300) -
Other creditors 32,538 31,189
32,238 31,189
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 244,431 275,626
Amounts owed to group undertakings and undertakings in which the company has a participating interest 39,187 -
283,618 275,626
6 Revaluation reserve 2024 2023
£ £
Gain on revaluation of land and buildings 31,070 -
At 29 February 2024 31,070 -
7 Other information
TGH 1 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Parkway 5
Parkway Business Centre
300 Princess Road
Manchester
M14 7HR
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