TIMMY REAL ESTATE LTD.

Company Registration Number:
15029675 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 26 July 2023

End date: 31 December 2024

TIMMY REAL ESTATE LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TIMMY REAL ESTATE LTD.

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of Timmy Real Estate Ltd. during the financial year was the acquisition, management, and rental of residential real estate properties. There were no significant changes in the nature of the company's activities during the financial year.



Directors

The director shown below has held office during the whole of the period from
26 July 2023 to 31 December 2024

Tim Lauterbach


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 January 2025

And signed on behalf of the board by:
Name: Tim Lauterbach
Status: Director

TIMMY REAL ESTATE LTD.

Profit And Loss Account

for the Period Ended 31 December 2024

17 months to 31 December 2024


£
Turnover: 27,354
Cost of sales: ( 3,727 )
Gross profit(or loss): 23,627
Administrative expenses: ( 4,280 )
Other operating income: 1,142
Operating profit(or loss): 20,489
Interest receivable and similar income: 1,584
Interest payable and similar charges: ( 19,818 )
Profit(or loss) before tax: 2,255
Tax: ( 428 )
Profit(or loss) for the financial year: 1,827

TIMMY REAL ESTATE LTD.

Balance sheet

As at 31 December 2024

Notes 17 months to 31 December 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments: 3 429,333
Total fixed assets: 429,333
Current assets
Cash at bank and in hand: 767
Total current assets: 767
Prepayments and accrued income: 1,723
Creditors: amounts falling due within one year: 4 ( 1,428 )
Net current assets (liabilities): 1,062
Total assets less current liabilities: 430,395
Creditors: amounts falling due after more than one year: 5 ( 368,568 )
Total net assets (liabilities): 61,827
Capital and reserves
Called up share capital: 60,000
Profit and loss account: 1,827
Total Shareholders' funds: 61,827

The notes form part of these financial statements

TIMMY REAL ESTATE LTD.

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 5 January 2025
and signed on behalf of the board by:

Name: Tim Lauterbach
Status: Director

The notes form part of these financial statements

TIMMY REAL ESTATE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised when it is probable that economic benefits will flow to the company, and the revenue can be reliably measured. Revenue from rental income is recognised on an accruals basis over the period of the lease.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment. Depreciation is provided to write off the cost of each asset over its estimated useful life on a straight-line basis, as follows: Office equipment: 3–5 years. Fixtures and fittings: 5–10 years.

    Other accounting policies

    Foreign Currencies: Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the balance sheet date. All exchange differences are included in the profit and loss account. Financial Instruments Financial instruments are recognised on the balance sheet when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are initially measured at transaction price and subsequently carried at amortised cost, except for financial instruments classified as held for trading, which are measured at fair value. Investments Investments in subsidiaries are stated at cost less provision for impairment, if any. Taxation Taxation for the year comprises current and deferred tax. Current tax is recognised on the taxable profit for the year, using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised on timing differences between taxable profits and accounting profits. Loans and Borrowings Loans and borrowings are initially recognised at the fair value of proceeds received and subsequently measured at amortised cost. Interest is recognised as a finance cost in the profit and loss account on an accruals basis. Going Concern The directors have assessed the company’s ability to continue as a going concern. The financial statements have been prepared on a going concern basis, as the directors believe there are no material uncertainties regarding the company’s ability to meet its obligations.

TIMMY REAL ESTATE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    17 months to 31 December 2024
    Average number of employees during the period 0

TIMMY REAL ESTATE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed assets investments note

Subsidiaries Timmy Real Estate Ltd. holds one subsidiary by year end 2024. The carry value of the subsidiary sonsists of share capital and establishment expenses incurred. Company details are as follows. Timmy Consulting GmbH Weinbergstrasse 26 6300 Zug Switzerland Share of Capital: 100% Voting Rights: 100%

TIMMY REAL ESTATE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

17 months to 31 December 2024
£
Taxation and social security 428
Accruals and deferred income 1,000
Total 1,428

TIMMY REAL ESTATE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due after more than one year note

17 months to 31 December 2024
£
Other creditors 368,568
Total 368,568

TIMMY REAL ESTATE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Financial Commitments

Loans Received by Related Parties The following loans have been granted by related parties: Shareholder Loan Related Party: Tim Lauterbach Balance per Dec. 31: 329,060 GBP Interest Charged: 19,079 GBP Interest Rate: 5.00% Loan from Subsidiary Related Party: Timmy Consulting GmbH Balance per Dec. 31: 39,508 GBP Interest Charged: 739 GBP Interest Rate: HMRC Beneficial Loan Arrangement Rate (2.25% for 2024/25)

TIMMY REAL ESTATE LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Loans to directors

Name of director receiving advance or credit: Tim Lauterbach
Description of the transaction:
Shareholder Loan Related Party: Tim Lauterbach Balance per Dec. 31: 329,060 GBP Interest Charged: 19,079 GBP Interest Rate: 5.00%
£
Balance at
Advances or credits made: 346,760
Advances or credits repaid: 17,700
Balance at 31 December 2024 329,060