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REGISTERED NUMBER: 14193015 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Tenzonly Ltd

Tenzonly Ltd (Registered number: 14193015)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tenzonly Ltd

Company Information
for the year ended 30 June 2024







DIRECTORS: N T Baxter
R Totman





REGISTERED OFFICE: 7 Forbes Business Centre
Kempson Way
Bury St. Edmunds
IP32 7AR





REGISTERED NUMBER: 14193015 (England and Wales)





ACCOUNTANTS: FWD Accounts Limited
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR

Tenzonly Ltd (Registered number: 14193015)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 220,000 125,687

CURRENT ASSETS
Cash at bank 6,210 683

CREDITORS
Amounts falling due within one year 4 126,336 126,250
NET CURRENT LIABILITIES (120,126 ) (125,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,874

120

PROVISIONS FOR LIABILITIES 23,578 -
NET ASSETS 76,296 120

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 5 70,735 -
Retained earnings 5,461 20
76,296 120

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

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

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 28 January 2025 and were signed on its behalf by:





N T Baxter - Director


Tenzonly Ltd (Registered number: 14193015)

Notes to the Financial Statements
for the year ended 30 June 2024


1. 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.

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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 125,687
Revaluations 94,313
At 30 June 2024 220,000
NET BOOK VALUE
At 30 June 2024 220,000
At 30 June 2023 125,687

Investment property revalued at 30th June 2024

Tenzonly Ltd (Registered number: 14193015)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Taxation and social security 1,281 5
Other creditors 125,055 126,245
126,336 126,250

5. RESERVES
Fair
value
reserve
£   
Inv property revaluations 70,735

At 30 June 2024 70,735

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

30/6/24 30/6/23
£    £   
N T Baxter
Balance outstanding at start of year (19,950 ) -
Amounts advanced 1,000 -
Amounts repaid - (19,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,950 ) (19,950 )