Company registration number 01220394 (England and Wales)
TUBERG PROPERTY CO. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TUBERG PROPERTY CO. LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TUBERG PROPERTY CO. LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
30 April 2024
31 October 2022
Notes
£
£
£
£
Fixed assets
Investments
3
139,644
139,644
Current assets
Debtors
4
988,773
208,373
Creditors: amounts falling due within one year
5
(793,502)
(13,102)
Net current assets
195,271
195,271
Net assets
334,915
334,915
Capital and reserves
Called up share capital
1,375
1,375
Share premium account
67,205
67,205
Profit and loss reserves
266,335
266,335
Total equity
334,915
334,915
For the financial period 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 period in question in accordance with section 476.
The director acknowledges his 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 21 January 2025
Mr P Tutton
Director
Company registration number 01220394 (England and Wales)
TUBERG PROPERTY CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Tuberg Property Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 4 Tabernacle Street, London, EC2A 4LU.
1.1
Reporting period
The company extended its year end by 6 Months to coincide with its subsidiary. The comparative amounts in the financial statements (including the related notes) are therefore not entirely comparable.
1.2
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. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
TUBERG PROPERTY CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2022
Number
Number
Total
3
Fixed asset investments
2024
2022
£
£
Shares in group undertakings and participating interests
139,644
139,644
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
208,373
Other debtors
988,773
988,773
208,373
The amounts owed by group undertakings are interest free, with no security and no fixed repayment terms.
5
Creditors: amounts falling due within one year
2024
2022
£
£
Amounts owed to group undertakings
793,502
Other creditors
13,102
793,502
13,102
The amounts owed to group undertakings are interest free, with no security and no fixed repayment terms.
6
Related party transactions
2024
2022
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
793,502
-
TUBERG PROPERTY CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
6
Related party transactions
(Continued)
- 4 -
The following amounts were outstanding at the reporting end date:
2024
2022
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
-
208,373
7
Directors' transactions
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors loan account
-
(13,102)
1,057,875
(56,000)
988,773
(13,102)
1,057,875
(56,000)
988,773
The directors loan account was repaid in full within 9 Months of the year end.