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TCon Developments Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






TCon Developments Limited (Registered number: 10736933)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TCon Developments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: K Connolly





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 10736933 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

TCon Developments Limited (Registered number: 10736933)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 265,000 242,638

CURRENT ASSETS
Cash at bank and in hand 8,229 1,856

CREDITORS
Amounts falling due within one year 5 133,809 132,126
NET CURRENT LIABILITIES (125,580 ) (130,270 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,420

112,368

CREDITORS
Amounts falling due after more than one
year

6

(80,701

)

(80,701

)

PROVISIONS FOR LIABILITIES (8,762 ) (4,513 )
NET ASSETS 49,957 27,154

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 37,353 19,240
Retained earnings 12,603 7,913
49,957 27,154

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TCon Developments Limited (Registered number: 10736933)

Balance Sheet - continued
30 April 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 director and authorised for issue on 22 January 2025 and were signed by:





K Connolly - Director


TCon Developments Limited (Registered number: 10736933)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

TCon Developments 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 rents received.

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.

3. EMPLOYEES AND DIRECTORS

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

TCon Developments Limited (Registered number: 10736933)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 242,638
Revaluations 22,362
At 30 April 2024 265,000
NET BOOK VALUE
At 30 April 2024 265,000
At 30 April 2023 242,638

Investment properties were revalued by the director on an open market basis.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 130,708 130,708
Taxation and social security 1,100 257
Other creditors 2,001 1,161
133,809 132,126

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 80,701 80,701

7. RESERVES
Fair
value
reserve
£   
At 1 May 2023 19,240
Changes in fair value 18,113

At 30 April 2024 37,353