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REGISTERED NUMBER: 01647624 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 5 APRIL 2024

FOR

TWENTY TEN PROPERTIES LIMITED

TWENTY TEN PROPERTIES LIMITED (REGISTERED NUMBER: 01647624)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 July 2023 to 5 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TWENTY TEN PROPERTIES LIMITED

COMPANY INFORMATION
for the period 1 July 2023 to 5 April 2024







DIRECTORS: Mr R M M Senior
Mrs J Senior
Miss P Senior
Mrs H Senior
Mrs K Robinson
Miss S Senior





SECRETARY: Mr R M M Senior





REGISTERED OFFICE: Unit 7-8 Manor Court
Eastfield
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 01647624 (England and Wales)

TWENTY TEN PROPERTIES LIMITED (REGISTERED NUMBER: 01647624)

STATEMENT OF FINANCIAL POSITION
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 877 1,576
Investments 5 802,971 735,005
Investment property 6 1,150,000 1,150,000
1,953,848 1,886,581

CURRENT ASSETS
Debtors 7 38,230 65,320
Cash at bank 80,569 50,760
118,799 116,080
CREDITORS
Amounts falling due within one year 8 104,466 119,765
NET CURRENT ASSETS/(LIABILITIES) 14,333 (3,685 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,968,181

1,882,896

PROVISIONS FOR LIABILITIES 9,278 146
NET ASSETS 1,958,903 1,882,750

CAPITAL AND RESERVES
Called up share capital 11,100 11,100
Retained earnings 1,947,803 1,871,650
SHAREHOLDERS' FUNDS 1,958,903 1,882,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 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.

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 30 December 2024 and were signed on its behalf by:





Mrs J Senior - Director


TWENTY TEN PROPERTIES LIMITED (REGISTERED NUMBER: 01647624)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 July 2023 to 5 April 2024


1. STATUTORY INFORMATION

Twenty Ten Properties 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.

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 as modified by the revaluation of certain assets.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
The company includes investment property at fair value, which management calculate by reference to market evidence of transaction values for similar property.

Critical accounting estimates and assumptions
The directors do not consider that any estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover comprises rental income receivable and goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment properties are initially measured at cost, including transaction costs. After initial recognition investment properties whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties. The company also holds financial instruments in the form of fixed asset investments recognised at fair value.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.


TWENTY TEN PROPERTIES LIMITED (REGISTERED NUMBER: 01647624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2023 to 5 April 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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.

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 period 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.

Fixed asset investments
Fixed asset investments are listed investments held at fair value. The gain/(loss) on revaluation is recognised through the Income Statement. Investments listed on a recognised stock exchange are valued at the mid-market value at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 5 April 2024 3,037
DEPRECIATION
At 1 July 2023 1,461
Charge for period 699
At 5 April 2024 2,160
NET BOOK VALUE
At 5 April 2024 877
At 30 June 2023 1,576

TWENTY TEN PROPERTIES LIMITED (REGISTERED NUMBER: 01647624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2023 to 5 April 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 735,005
Additions 94,094
Disposals (82,813 )
Revaluations 56,685
At 5 April 2024 802,971
NET BOOK VALUE
At 5 April 2024 802,971
At 30 June 2023 735,005

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 111,728
Cost 691,243
802,971

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 5 April 2024 1,150,000
NET BOOK VALUE
At 5 April 2024 1,150,000
At 30 June 2023 1,150,000

7. DEBTORS
2024 2023
£    £   
Trade debtors 13,474 9,919
Other debtors 24,756 55,401
38,230 65,320

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 14,043 13,567
Other creditors 90,423 106,198
104,466 119,765

TWENTY TEN PROPERTIES LIMITED (REGISTERED NUMBER: 01647624)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2023 to 5 April 2024


9. RELATED PARTY DISCLOSURES

The total amounts outstanding to the directors at the balance sheet date was £56,616 (2023- £77,787). The loans attract a commercial rate of interest and are repayable on demand.