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REGISTERED NUMBER: 02281590 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

T & J FIRE ALARMS LIMITED

T & J FIRE ALARMS LIMITED (REGISTERED NUMBER: 02281590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T & J FIRE ALARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J Rees
Mrs J Rees
G Rees
Mrs N Higgins





SECRETARY: Mrs J Rees





REGISTERED OFFICE: 5 Martinfield Business Centre
Martinfield
Welwyn Garden City
Hertfordshire
AL7 1HG





REGISTERED NUMBER: 02281590 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

T & J FIRE ALARMS LIMITED (REGISTERED NUMBER: 02281590)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,275,000 692,630

CURRENT ASSETS
Debtors 5 6,000 7,134
Cash at bank 98,173 88,095
104,173 95,229
CREDITORS
Amounts falling due within one year 6 231,563 237,349
NET CURRENT LIABILITIES (127,390 ) (142,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,610

550,510

PROVISIONS FOR LIABILITIES 171,713 26,120
NET ASSETS 975,897 524,390

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 515,137 -
Retained earnings 460,260 523,890
SHAREHOLDERS' FUNDS 975,897 524,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

T & J FIRE ALARMS LIMITED (REGISTERED NUMBER: 02281590)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





Mrs N Higgins - Director


T & J FIRE ALARMS LIMITED (REGISTERED NUMBER: 02281590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

T & J Fire Alarms 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation and uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

1. Investment Property

Investment property is stated at fair value based upon the directors valuation at the balance sheet date.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised and included in the accounts as turnover based upon rentals and other income receivable from the company's invetsment properties, excluding discounts, rebates, value added and other sales taxes.

Investment property
The company's properties are held for investment purposes. Investment properties are shown at their most recent fair values. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. Deferred taxation is provided on such gains at the tax rate expected to apply when properties are sold.

Under FRS 102 valuations as above are made under the fair value provisions of the Companies Act 2006 (CA 2006) and consequently the non-depreciation of investment properties is not a departure from the provisions of CA 2006.

The directors determine fair value by reference to rental yields and current market conditions as appropriate.

Rents receivable from investment properties are credited to profit and loss account on a receivable basis.

Investment properties are first recognised in the financial statements once an irrevocable purchase contract has been entered into. A sale of an investment property is recorded once an irrevocable sales contract has been entered into, provided that the sale has been completed by the date the financial statements are approved by the Board.

Investment properties are treated as fixed asset investments until the date of sale.

T & J FIRE ALARMS LIMITED (REGISTERED NUMBER: 02281590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with section 11 of FRS102. All basic financial instruments including debtors, cash and cash equivalents, and creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 692,630
Revaluations 582,370
At 30 April 2024 1,275,000
NET BOOK VALUE
At 30 April 2024 1,275,000
At 30 April 2023 692,630

The directors consider that the current fair value of the company's investment properties is not materially different to that at which they are stated in the company's financial statements.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 686,851
Cost 588,149
1,275,000

Investment property was valued on an open market basis on 30th April 2024 by the directors.

T & J FIRE ALARMS LIMITED (REGISTERED NUMBER: 02281590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,000 7,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 14,259 11,880
Other creditors 211,198 218,923
Accruals and deferred income 6,106 6,546
231,563 237,349

7. RELATED PARTY DISCLOSURES

Included within other creditors is a loan balance of £200,000 (2023 £200,000) due to T & J Fire Limited. All of the directors and shareholders in the company are also directors and shareholders in T & J Fire Limited. There are no formal repayment terms in relation to this loan and therefore this amount is repayable by the company on demand.