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REGISTERED NUMBER: 00536612 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tyruplex Limited

Tyruplex Limited (Registered number: 00536612)






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


Tyruplex Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F L Newhofer
Mrs L E Thompson





SECRETARY: Mrs W E Newhofer





REGISTERED OFFICE: 82 Southmoor Road
Oxford
OX2 6RB





REGISTERED NUMBER: 00536612 (England and Wales)





ACCOUNTANTS: Re-Counting LLP
Linden End
Linden Gardens
Leatherhead
Surrey
KT22 7HB

Tyruplex Limited (Registered number: 00536612)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 79
Listed investments 5 13 66,536
Freehold investment property 6 1,035,000 1,035,000
1,035,013 1,101,615

CURRENT ASSETS
Cash at bank 229,308 209,119

CREDITORS
Amounts falling due within one year 7 (57,004 ) (57,686 )
NET CURRENT ASSETS 172,304 151,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,207,317

1,253,048

PROVISIONS FOR LIABILITIES (241,767 ) (231,676 )
NET ASSETS 965,550 1,021,372

CAPITAL AND RESERVES
Called up share capital 8,502 8,502
Revaluation reserve 8 770,983 740,712
Retained earnings 186,065 272,158
965,550 1,021,372

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.

Tyruplex Limited (Registered number: 00536612)

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 28 November 2024 and were signed on its behalf by:





F L Newhofer - Director


Tyruplex Limited (Registered number: 00536612)

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

1. STATUTORY INFORMATION

Tyruplex 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.

Revenue recognition
Turnover recognised in the profit and loss account represents rental income receivable for the year, excluding value added tax.

Tangible fixed assets
Tangible fixed assets, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis

Fixtures and fittings - 10% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively, if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Investment property
Investment property is carried at fair value reviewed annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


Tyruplex Limited (Registered number: 00536612)

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

2. ACCOUNTING POLICIES - continued
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.

Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities - such as debtors, creditors, bank and cash - at transaction price.

Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
Fittings
£   
COST
At 1 April 2023
and 31 March 2024 3,650
DEPRECIATION
At 1 April 2023 3,571
Charge for year 79
At 31 March 2024 3,650
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 79

Tyruplex Limited (Registered number: 00536612)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 66,536
Disposals (66,307 )
Revaluations (216 )
At 31 March 2024 13
NET BOOK VALUE
At 31 March 2024 13
At 31 March 2023 66,536

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 13

6. FREEHOLD INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,035,000
NET BOOK VALUE
At 31 March 2024 1,035,000
At 31 March 2023 1,035,000

The director commissioned a professional valuation of the investment properties in July 2021 which valuation continues to be used.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security - 3,715
Other creditors 57,004 53,971
57,004 57,686

Tyruplex Limited (Registered number: 00536612)

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

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 740,712
Transfers with revaluation
reserve 30,271

At 31 March 2024 770,983