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Company Registration No. 12610407 (England and Wales)
Turtle Property Services Ltd Unaudited accounts for the year ended 31 May 2024
Turtle Property Services Ltd Unaudited accounts Contents
Page
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Turtle Property Services Ltd Company Information for the year ended 31 May 2024
Directors
A Kerai V Kerai
Company Number
12610407 (England and Wales)
Registered Office
23 Hermitage Wood Road Bristol Avon BS16 1BF England
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Turtle Property Services Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
541 
1,105 
Investment property
822,585 
822,585 
823,126 
823,690 
Current assets
Cash at bank and in hand
9,748 
4,389 
Creditors: amounts falling due within one year
(168,939)
(174,212)
Net current liabilities
(159,191)
(169,823)
Total assets less current liabilities
663,935 
653,867 
Creditors: amounts falling due after more than one year
(654,300)
(654,300)
Net assets/(liabilities)
9,635 
(433)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
9,631 
(437)
Shareholders' funds
9,635 
(433)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by
A Kerai Director Company Registration No. 12610407
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Turtle Property Services Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Turtle Property Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12610407. The registered office is 23 Hermitage Wood Road, Bristol, Avon, BS16 1BF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Income comprises of rent receivable from investment properties and is recognised on an accruals basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Turtle Property Services Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
2,254 
At 31 May 2024
2,254 
Depreciation
At 1 June 2023
1,149 
Charge for the year
564 
At 31 May 2024
1,713 
Net book value
At 31 May 2024
541 
At 31 May 2023
1,105 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
822,585 
At 31 May 2024
822,585 
In the opinion of the directors, the market value of the investment property at the year end was not materially different to the cost.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,966 
- 
Loans from directors
164,525 
173,764 
Accruals
448 
448 
168,939 
174,212 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
654,300 
654,300 
Included within bank loans is an amount of £654,300 (2023: £654,300) which is a secured bank loan which is payable and falling due after more than five years.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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