Company registration number 15092340 (England and Wales)
TYTHE BARN PROPERTIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TYTHE BARN PROPERTIES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TYTHE BARN PROPERTIES LTD (REGISTERED NUMBER: 15092340)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investment property
3
1,200,046
Current assets
Cash at bank and in hand
14,550
Creditors: amounts falling due within one year
4
(434,408)
Net current liabilities
(419,858)
Total assets less current liabilities
780,188
Creditors: amounts falling due after more than one year
5
(780,313)
Net liabilities
(125)
Capital and reserves
Called up share capital
6
2
Profit and loss reserves
(127)
Total equity
(125)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 December 2024 and are signed on its behalf by:
Mr T J Anstee
Director
TYTHE BARN PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Tythe Barn Properties Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Tythe Barn, Carriers Road, Cranbrook, Kent, England, TN17 3JU.

1.1
Reporting period

The company accounts are presented for a period shorter than a year, covering the period from the 23rd of August 2023 to the 31st of March 2024.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the rental received or receivable for goods and services provided in the normal course of business.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Investment property is not subject to depreciation.

TYTHE BARN PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
3
Investment property
2024
£
Fair value
At 23 August 2023
-
0
Additions
1,200,046
At 31 March 2024
1,200,046

The property has been valued at an amount of £1,200,046 per the directors' best estimate.

4
Creditors: amounts falling due within one year
2024
£
Bank loans
41,250
Other creditors
393,158
434,408
5
Creditors: amounts falling due after more than one year
2024
£
Bank loans and overdrafts
780,313
6
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary Shares of £1 each
2
2
TYTHE BARN PROPERTIES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
7
Financial commitments, guarantees and contingent liabilities

Bank loans and overdrafts are subject to a charge over the company's property.

8
Related party transactions

Included within other creditors are interest-free loans from companies under common control, amounting to a sum of £264,468.

9
Directors' transactions

Included within other creditors is an in-hand directors' loan account of £127,490.

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