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Company Registration No. 4777444 (England and Wales)
Taylong Property Company Limited Unaudited accounts for the year ended 31 May 2024
Taylong Property Company Limited Unaudited accounts Contents
Page
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Taylong Property Company Limited Company Information for the year ended 31 May 2024
Director
Vernon Taylor
Company Number
4777444 (England and Wales)
Registered Office
Anchor House 4 Durham Street London SE11 5JA
Accountants
DCA Accountants Limited Anchor House 4 Durham Street London SE11 5JA
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Taylong Property Company Limited Accountants' report
Accountants' report to the director of Taylong Property Company Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Taylong Property Company Limited for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Taylong Property Company Limited, as a body, in accordance with the terms of our engagement letter dated 19 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Taylong Property Company Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taylong Property Company Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Taylong Property Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Taylong Property Company Limited. You consider that Taylong Property Company Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Taylong Property Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DCA Accountants Limited Anchor House 4 Durham Street London SE11 5JA 1 December 2024
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Taylong Property Company Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,900,000 
4,900,000 
Current assets
Debtors
68,241 
97,829 
Cash at bank and in hand
175,135 
83,929 
243,376 
181,758 
Creditors: amounts falling due within one year
(36,972)
(80,854)
Net current assets
206,404 
100,904 
Net assets
5,106,404 
5,000,904 
Capital and reserves
Called up share capital
600,100 
600,100 
Revaluation reserve
3,505,519 
3,505,519 
Profit and loss account
1,000,785 
895,285 
Shareholders' funds
5,106,404 
5,000,904 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2024 and were signed on its behalf by
Vernon Taylor Director Company Registration No. 4777444
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Taylong Property Company Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Taylong Property Company Limited is a private company, limited by shares, registered in England and Wales, registration number 4777444. The registered office is Anchor House, 4 Durham Street, London, SE11 5JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net rents received.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Tangible fixed assets are stated at cost or valuation less depreciation
Fixtures & fittings
25% per annum
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2023
4,900,000 
At 31 May 2024
4,900,000 
Depreciation
At 31 May 2024
- 
Net book value
At 31 May 2024
4,900,000 
At 31 May 2023
4,900,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
68,241 
97,829 
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Taylong Property Company Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
8,293 
10,928 
Taxes and social security
28,679 
69,926 
36,972 
80,854 
7
Controlling party
The ultimate holding company is Faversham Property Investments Limited
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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