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REGISTERED NUMBER: 05751582 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TEEPEE PROPERTY MANAGEMENT LIMITED

TEEPEE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05751582)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TEEPEE PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: T. Mehmet





SECRETARY: Mrs H. Mehmet





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 05751582 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

TEEPEE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05751582)

STATEMENT OF FINANCIAL POSITION
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,849 99,366

CURRENT ASSETS
Debtors 5 371,432 320,496
Cash at bank and in hand 180,592 215,683
552,024 536,179
CREDITORS
Amounts falling due within one year 6 456,283 405,129
NET CURRENT ASSETS 95,741 131,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,590

230,416

CREDITORS
Amounts falling due after more than one
year

7

83,866

100,845
NET ASSETS 86,724 129,571

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 86,524 129,371
86,724 129,571

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 director acknowledges his 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.

TEEPEE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05751582)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 29 November 2024 and were signed by:





T. Mehmet - Director


TEEPEE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05751582)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

TeePee Property Management 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.

Turnover and revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods and supply of services is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods and delivery of services); 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 measure reliably. Goodwill.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its useful life, or if held under a finance lease, over the lease term, whichever is shorter.

Fixture and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

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 statement of financial position date.


TEEPEE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05751582)

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 statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other financial commitments
The company has future operating lease commitments of £80,640 (over the next 3 years).

Impairment of assets
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.

For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 10,089 153,434 163,523
DEPRECIATION
At 1 April 2023 10,089 54,068 64,157
Charge for year - 24,517 24,517
At 31 March 2024 10,089 78,585 88,674
NET BOOK VALUE
At 31 March 2024 - 74,849 74,849
At 31 March 2023 - 99,366 99,366

TEEPEE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05751582)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by participating interests 20,000 -
Other debtors 351,432 320,496
371,432 320,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,833 10,000
Hire purchase contracts 8,488 9,492
Trade creditors 12,328 1,978
Taxation and social security 39,815 852
Other creditors 384,819 382,807
456,283 405,129

Included within other creditors are accrued expenses of £10,000 (2023: £9,480) and deferred income of £10,125 (2023: £22,365).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,714 21,736
Hire purchase contracts 72,152 79,109
83,866 100,845

8. SECURED DEBTS

Bank loans are secured by way of fixed and floating charges over all undertakings and all property and assets of the company.

The liabilities in respect of the hire purchase and finance lease agreement are work secured against the assets to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
T. Mehmet
Balance outstanding at start of year 32,670 41,845
Amounts advanced 107,856 107,975
Amounts repaid (107,189 ) (117,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,337 32,670

TEEPEE PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05751582)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Included within amount advanced is an interest of £734 charged at HMRC prescribed rate. All overdrawn loan balances are repayable on demand and personally guaranteed by the director.