Silverfin false false 30/04/2024 01/05/2023 30/04/2024 S A Reynolds 07/10/2013 17 December 2024 The principal activity of the Company during the financial year was that of property development. 08719557 2024-04-30 08719557 bus:Director1 2024-04-30 08719557 2023-04-30 08719557 core:CurrentFinancialInstruments 2024-04-30 08719557 core:CurrentFinancialInstruments 2023-04-30 08719557 core:Non-currentFinancialInstruments 2024-04-30 08719557 core:Non-currentFinancialInstruments 2023-04-30 08719557 core:ShareCapital 2024-04-30 08719557 core:ShareCapital 2023-04-30 08719557 core:RetainedEarningsAccumulatedLosses 2024-04-30 08719557 core:RetainedEarningsAccumulatedLosses 2023-04-30 08719557 2023-05-01 2024-04-30 08719557 bus:FilletedAccounts 2023-05-01 2024-04-30 08719557 bus:SmallEntities 2023-05-01 2024-04-30 08719557 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08719557 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08719557 bus:Director1 2023-05-01 2024-04-30 08719557 2022-05-01 2023-04-30 08719557 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 08719557 1 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 08719557 (England and Wales)

TOOTLE BRIDGE PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

TOOTLE BRIDGE PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

TOOTLE BRIDGE PROPERTIES LIMITED

BALANCE SHEET

As at 30 April 2024
TOOTLE BRIDGE PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Stocks 3 962,008 0
Debtors 4 87,517 62,830
Cash at bank and in hand 5 12,658 3,876
1,062,183 66,706
Creditors: amounts falling due within one year 6 ( 517,040) ( 12,498)
Net current assets 545,143 54,208
Total assets less current liabilities 545,143 54,208
Creditors: amounts falling due after more than one year 7 ( 533,473) ( 42,794)
Net assets 11,670 11,414
Capital and reserves
Called-up share capital 100 100
Profit and loss account 11,570 11,314
Total shareholder's funds 11,670 11,414

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Tootle Bridge Properties Limited (registered number: 08719557) were approved and authorised for issue by the Director on 17 December 2024. They were signed on its behalf by:

S A Reynolds
Director
TOOTLE BRIDGE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
TOOTLE BRIDGE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tootle Bridge Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sabre Engineering Works, West Pennard, Glastonbury, BA6 8ND, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

This is the first year in which the financial statements have been prepared in accordance with FRS102 Section 1A. The prior year figures were not restated to include a provision for deferred tax which was not required to be recognised under FRS105.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Stocks

Work in progress is valued at lower of cost and net realisable value, after due regard for obsolete and slow moving work in progress. Net realisable value is based on selling price less anticipated costs to completion selling costs. Cost includes all direct costs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Stocks

2024 2023
£ £
Work in progress 962,008 0

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 71,947 62,447
VAT recoverable 15,187 0
Other debtors 383 383
87,517 62,830

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 12,658 3,876

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 472,864 7,836
Trade creditors 40,796 0
Amounts owed to director 546 234
Accruals 2,501 3,996
Taxation and social security 333 432
517,040 12,498

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 73,473 42,794
Other creditors 460,000 0
533,473 42,794

Bank borrowings are secured by a first legal charge over the land and buildings property.

8. Ultimate controlling party

Parent Company:

SAR Property Consultancy Limited
Laurels Farm, Mill Road, Barton St David, Somerset, Somerset TA11 6DF

These financial statements are available on request from Companies House.