Registered number
12277230
Timberform Properties Limited
Filleted Accounts
30 November 2024
Timberform Properties Limited
Registered number: 12277230
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 283,099 283,099
Current assets
Cash at bank and in hand 3,820 17,675
Creditors: amounts falling due within one year 4 12,181 (2,890)
Net current assets 16,001 14,785
Total assets less current liabilities 299,100 297,884
Creditors: amounts falling due after more than one year 5 (287,704) (287,704)
Net assets 11,396 10,180
Capital and reserves
Called up share capital 4 4
Profit and loss account 11,392 10,176
Shareholders' funds 11,396 10,180
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Sarhan
Director
Approved by the board on 30 January 2025
Timberform Properties Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2023 283,099
At 30 November 2024 283,099
Depreciation
At 30 November 2024 -
Net book value
At 30 November 2024 283,099
At 30 November 2023 283,099
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 285 2,386
Accruals 534 504
Director's account (13,000) -
(12,181) 2,890
5 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 287,704 287,704
6 Other information
Timberform Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 8 Moor Street
Heywood
Lancashire
OL10 3DD
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