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REGISTERED NUMBER: 05979128 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

T-CAGE ENGINEERING LIMITED

T-CAGE ENGINEERING LIMITED (REGISTERED NUMBER: 05979128)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T-CAGE ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2024







DIRECTORS: C Elia
Ms C Elia
Ms T J Elia





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 05979128 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

T-CAGE ENGINEERING LIMITED (REGISTERED NUMBER: 05979128)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,991 2,229
Investment property 5 375,000 375,000
376,991 377,229

CURRENT ASSETS
Cash at bank 4,402 8,058

CREDITORS
Amounts falling due within one year 6 6,382 15,097
NET CURRENT LIABILITIES (1,980 ) (7,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,011

370,190

PROVISIONS FOR LIABILITIES 17,158 17,158
NET ASSETS 357,853 353,032

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 129,551 129,551
Retained earnings 228,202 223,381
SHAREHOLDERS' FUNDS 357,853 353,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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-CAGE ENGINEERING LIMITED (REGISTERED NUMBER: 05979128)

BALANCE SHEET - continued
31 October 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 30 January 2025 and were signed on its behalf by:





C Elia - Director


T-CAGE ENGINEERING LIMITED (REGISTERED NUMBER: 05979128)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024

1. STATUTORY INFORMATION

T-CAGE ENGINEERING 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.

Turnover
Turnover represents net invoiced rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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).

T-CAGE ENGINEERING LIMITED (REGISTERED NUMBER: 05979128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 23,134 2,981 26,115
Additions 425 - 425
At 31 October 2024 23,559 2,981 26,540
DEPRECIATION
At 1 November 2023 21,009 2,877 23,886
Charge for year 637 26 663
At 31 October 2024 21,646 2,903 24,549
NET BOOK VALUE
At 31 October 2024 1,913 78 1,991
At 31 October 2023 2,125 104 2,229

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 375,000
NET BOOK VALUE
At 31 October 2024 375,000
At 31 October 2023 375,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 122,709
Valuation in 2018 24,000
Cost 228,291
375,000

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

31.10.24 31.10.23
£    £   
Cost 228,291 228,291

Investment property was valued on an open market basis on 31 October 2024 by the directors .

T-CAGE ENGINEERING LIMITED (REGISTERED NUMBER: 05979128)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 1,187 742
Other creditors 5,195 14,355
6,382 15,097

7. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 129,551