TLC DEVELOPMENTS (SW) LTD

Company Registration Number:
13287736 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

TLC DEVELOPMENTS (SW) LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TLC DEVELOPMENTS (SW) LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company's principal activity during the year continued to be property developers.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

L C A Hooper
C J Marsh
T Michael


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 February 2025

And signed on behalf of the board by:
Name: C J Marsh
Status: Director

TLC DEVELOPMENTS (SW) LTD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 172,711 13,481
Gross profit(or loss): 172,711 13,481
Administrative expenses: ( 201,834 ) ( 69,649 )
Other operating income: 170,000
Operating profit(or loss): (29,123) 113,832
Interest payable and similar charges: ( 131,712 ) ( 16,932 )
Profit(or loss) before tax: (160,835) 96,900
Profit(or loss) for the financial year: (160,835) 96,900

TLC DEVELOPMENTS (SW) LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,003,806 1,005,710
Total fixed assets: 3,003,806 1,005,710
Current assets
Debtors: 4 807,521 180,993
Cash at bank and in hand: 11,982 33,312
Total current assets: 819,503 214,305
Creditors: amounts falling due within one year: 5 ( 64,809 ) ( 167,528 )
Net current assets (liabilities): 754,694 46,777
Total assets less current liabilities: 3,758,500 1,052,487
Creditors: amounts falling due after more than one year: 6 ( 2,102,124 ) ( 311,307 )
Total net assets (liabilities): 1,656,376 741,180
Capital and reserves
Called up share capital: 3 3
Other reserves: 1,818,206 742,175
Profit and loss account: (161,833 ) (998 )
Total Shareholders' funds: 1,656,376 741,180

The notes form part of these financial statements

TLC DEVELOPMENTS (SW) LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 7 February 2025
and signed on behalf of the board by:

Name: L C A Hooper
Status: Director

The notes form part of these financial statements

TLC DEVELOPMENTS (SW) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

TLC DEVELOPMENTS (SW) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 1

TLC DEVELOPMENTS (SW) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,000,000 7,613 1,007,613
Additions 923,969 0 923,969
Disposals
Revaluations 1,076,031 0 1,076,031
Transfers
At 31 March 2024 3,000,000 7,613 3,007,613
Depreciation
At 1 April 2023 1,903 1,903
Charge for year 1,904 1,904
On disposals
Other adjustments
At 31 March 2024 3,807 3,807
Net book value
At 31 March 2024 3,000,000 3,806 3,003,806
At 31 March 2023 1,000,000 5,710 1,005,710

TLC DEVELOPMENTS (SW) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 6,000 1,440
Other debtors 801,521 179,553
Total 807,521 180,993

TLC DEVELOPMENTS (SW) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 4,393
Taxation and social security 6,293 11,995
Other creditors 54,123 155,533
Total 64,809 167,528

TLC DEVELOPMENTS (SW) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 2,124 4,528
Other creditors 2,100,000 306,779
Total 2,102,124 311,307

TLC DEVELOPMENTS (SW) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Loans to directors

Name of director receiving advance or credit: L C A Hooper
Description of the transaction:
Related party disclosure
£
Balance at 31 March 2023 50,054
Advances or credits made:
Advances or credits repaid: 33,220
Balance at 31 March 2024 16,834

Name of director receiving advance or credit: C J Marsh
Description of the transaction:
Related party disclosure
£
Balance at 31 March 2023 50,053
Advances or credits made:
Advances or credits repaid: 33,221
Balance at 31 March 2024 16,832

Name of director receiving advance or credit: T Michael
Description of the transaction:
Related party disclosure
£
Balance at 31 March 2023 50,053
Advances or credits made:
Advances or credits repaid: 33,221
Balance at 31 March 2024 16,832