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REGISTERED NUMBER: 12536072 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TNM DEVELOPMENTS LTD

TNM DEVELOPMENTS LTD (REGISTERED NUMBER: 12536072)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


TNM DEVELOPMENTS LTD (REGISTERED NUMBER: 12536072)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,131,570 942,683

CURRENT ASSETS
Debtors 5 693 1,511
Cash at bank 18,375 48,994
19,068 50,505
CREDITORS
Amounts falling due within one year 6 43,306 28,837
NET CURRENT (LIABILITIES)/ASSETS (24,238 ) 21,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,107,332

964,351

CREDITORS
Amounts falling due after more than one
year

7

1,025,542

906,608
NET ASSETS 81,790 57,743

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 81,590 57,543
SHAREHOLDERS' FUNDS 81,790 57,743

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 her 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.

TNM DEVELOPMENTS LTD (REGISTERED NUMBER: 12536072)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 December 2024 and were signed by:





T Michael - Director


TNM DEVELOPMENTS LTD (REGISTERED NUMBER: 12536072)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

TNM Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12536072

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation and are shown at most recent valuation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss in the period in which they arise.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TNM DEVELOPMENTS LTD (REGISTERED NUMBER: 12536072)

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.

Deposits received from tenants
The company receives rental income from a mixture of commercial and domestic lettings. Deposits received from domestic tenants are dealt with in accordance with the provisions of the Tenancy Deposit Protection Scheme. Unless otherwise agreed, deposits received from commercial tenants are repayable in accordance with the terms of the agreement and are deposited in especially designated bank deposits accounts for the benefit of these tenants.

These deposits and associated interest received belong to the commercial tenants and as such are not shown anywhere in these financial statements. Where agreed, the deposits and associated interest are returned to the tenants with the terms of their agreement.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 942,683
Additions 188,887
At 31 March 2024 1,131,570
NET BOOK VALUE
At 31 March 2024 1,131,570
At 31 March 2023 942,683

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2024 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

TNM DEVELOPMENTS LTD (REGISTERED NUMBER: 12536072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 693 1,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 26,194 18,627
Taxation and social security 7,752 5,698
Other creditors 9,360 4,512
43,306 28,837

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 399,646 280,712
Other creditors 625,896 625,896
1,025,542 906,608

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 284,781 206,205

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 26,194 18,627

Amounts falling due between one and two years:
Bank loans - 1-2 years 28,716 18,627

Amounts falling due between two and five years:
Bank loans - 2-5 years 86,149 55,880

Amounts falling due in more than five years:

TNM DEVELOPMENTS LTD (REGISTERED NUMBER: 12536072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. LOANS - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 284,781 206,205

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 425,840 299,339

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
200 200

11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2024 2023
£    £   
Amounts owed by/(to) T Michael (Director) < 1 Year (5,294 ) (3,552 )
Amounts owed by/(to) T Michael (Director) > 1 Year (625,896 ) (625,896 )