TEMCO DEVELOPMENT LTD

Company Registration Number:
11938473 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

TEMCO DEVELOPMENT LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

TEMCO DEVELOPMENT LTD

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 9,546,786 9,535,928
Total fixed assets: 9,546,786 9,535,928
Current assets
Debtors:   161,383 64,158
Cash at bank and in hand: 27,449 46,268
Investments:   296,851 0
Total current assets: 485,683 110,426
Creditors: amounts falling due within one year:   (325,543) (3,000)
Net current assets (liabilities): 160,140 107,426
Total assets less current liabilities: 9,706,926 9,643,354
Creditors: amounts falling due after more than one year:   (9,709,128) (9,709,128)
Total net assets (liabilities): (2,202) (65,774)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (2,203) (65,775)
Shareholders funds: (2,202) (65,774)

The notes form part of these financial statements

TEMCO DEVELOPMENT LTD

Balance sheet statements

For the year ending 31 August 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 January 2025
and signed on behalf of the board by:

Name: S C Brooks
Status: Director

The notes form part of these financial statements

TEMCO DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

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

Turnover policy

Turnover is derived from rental income leased out under operating leases and is recognised on a straight line basis over the term of the lease.

Other accounting policies

Investment property is initially measured at cost and subsequently fair value and is included in tangible fixed assets. The cost includes cost of property and other costs directly attributable to the acquisition of the property such as stamp duty, land tax, legal and professional fees. Any aggregate surplus or deficit arising from changes in fair value are recognised in the income statement and fair value reserve.

TEMCO DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

TEMCO DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 9,535,928
Additions 10,858
Revaluations 0
At 31 August 2023 9,546,786
Depreciation
At 01 September 2022 0
Charge for year 0
At 31 August 2023 0
Net book value
At 31 August 2023 9,546,786
At 31 August 2022 9,535,928