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REGISTERED NUMBER: SC738092 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 July 2024

for

TJY Property Ltd

TJY Property Ltd (Registered number: SC738092)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

TJY Property Ltd

Company Information
For The Year Ended 31 July 2024







DIRECTORS: Dr J C M Bergmann
T Weis





REGISTERED OFFICE: 1 Cambuslang Court
Glasgow
G32 8FH





REGISTERED NUMBER: SC738092 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

TJY Property Ltd (Registered number: SC738092)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310 -
Investment property 5 259,433 -
259,743 -

CURRENT ASSETS
Debtors 6 29,848 -
Cash at bank 1,384 7
31,232 7
CREDITORS
Amounts falling due within one year 7 89,676 2,382
NET CURRENT LIABILITIES (58,444 ) (2,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,299

(2,375

)

CREDITORS
Amounts falling due after more than one
year

8

(195,605

)

-

PROVISIONS FOR LIABILITIES 9 (1,326 ) -
NET ASSETS/(LIABILITIES) 4,368 (2,375 )

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 27,550 -
Retained earnings (23,184 ) (2,377 )
SHAREHOLDERS' FUNDS 4,368 (2,375 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

TJY Property Ltd (Registered number: SC738092)

Balance Sheet - continued
31 July 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 24 January 2025 and were signed on its behalf by:





T Weis - Director


TJY Property Ltd (Registered number: SC738092)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

TJY Property Ltd is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

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.


TJY Property Ltd (Registered number: SC738092)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the bank and directors will continue to financially support the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 365
At 31 July 2024 365
DEPRECIATION
Charge for year 55
At 31 July 2024 55
NET BOOK VALUE
At 31 July 2024 310

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 231,010
Revaluations 28,423
At 31 July 2024 259,433
NET BOOK VALUE
At 31 July 2024 259,433

TJY Property Ltd (Registered number: SC738092)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 28,423
Cost 231,010
259,433

If following historical cost had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 231,009 -

Investment property was valued on an open market basis on 31 July 2024 by lend invest .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 29,848 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 842 -
Other creditors 88,834 2,382
89,676 2,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 195,605 -

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 1,326 -

TJY Property Ltd (Registered number: SC738092)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 872
Balance at 31 July 2024 872

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF 872
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 1,326

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


10. RESERVES
Fair
value
reserve
£   
Transfer to fair value 28,422
Deferred tax (872 )

At 31 July 2024 27,550

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
TJY Property Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TJY Property Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of TJY Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TJY Property Ltd and state those matters that we have agreed to state to the Board of Directors of TJY Property Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TJY Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TJY Property Ltd. You consider that TJY Property Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TJY Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH


24 January 2025