Company registration number 09008158 (England and Wales)
TAMAR LAND AND PROPERTY COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TAMAR LAND AND PROPERTY COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TAMAR LAND AND PROPERTY COMPANY LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
307
384
Current assets
Stocks
965,274
962,222
Debtors
4
82,255
617,727
Cash at bank and in hand
392,495
77,835
1,440,024
1,657,784
Creditors: amounts falling due within one year
5
(23,756)
(71,248)
Net current assets
1,416,268
1,586,536
Total assets less current liabilities
1,416,575
1,586,920
Provisions for liabilities
(30,962)
(30,962)
Net assets
1,385,613
1,555,958
Capital and reserves
Called up share capital
1,215,700
1,215,700
Profit and loss reserves
169,913
340,258
Total equity
1,385,613
1,555,958

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

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

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
Mr R J Stacey
Ms L Squire
Director
Director
Company registration number 09008158 (England and Wales)
TAMAR LAND AND PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Tamar Land and Property Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Inceworth Building Works, Bodmin Street, Holsworthy, Devon, EX22 6BD.

1.1
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 £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue represents amounts chargeable in respect of the sale of goods and services to customers.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TAMAR LAND AND PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

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

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 May 2023 and 30 April 2024
600
Depreciation and impairment
At 1 May 2023
216
Depreciation charged in the year
77
At 30 April 2024
293
Carrying amount
At 30 April 2024
307
At 30 April 2023
384
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
739
330,227
Corporation tax recoverable
2,026
-
0
Amounts owed by group undertakings
-
0
9,359
Other debtors
76,613
276,052
Prepayments and accrued income
2,877
2,089
82,255
617,727
TAMAR LAND AND PROPERTY COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,935
67,026
Corporation tax
-
0
1,964
Other creditors
18,806
-
0
Accruals and deferred income
3,015
2,258
23,756
71,248
6
Related party transactions

All of the directors are also directors of J.E.Stacey & Co.Limited and Tamar Trading Co.Limited, which are related parties under common control.

 

At the year end the company : owes £18,806 (2023: owed £203,602) by J.E.Stacey & Co.Limited.

 

At the year end the company was owed £72,118 by Tamar Trading Co.Limited (2023: £72,118).

7
Parent company

The company is controlled by Tamar Land & Property Company Holdings Limited, which owns 100% of the shares of this company. The parent is a company incorporated in England and Wales, whose registered office is Inceworth Building Works, Bodmin Street, Holsworthy, Devon, EX22 6BD.

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