IRIS Accounts Production v24.3.0.553 00584454 Board of Directors 1.6.23 31.5.24 31.5.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005844542023-05-31005844542024-05-31005844542023-06-012024-05-31005844542022-05-31005844542022-06-012023-05-31005844542023-05-3100584454ns15:EnglandWales2023-06-012024-05-3100584454ns14:PoundSterling2023-06-012024-05-3100584454ns10:Director12023-06-012024-05-3100584454ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3100584454ns10:SmallEntities2023-06-012024-05-3100584454ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3100584454ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3100584454ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3100584454ns10:FullAccounts2023-06-012024-05-3100584454ns10:Director22023-06-012024-05-3100584454ns10:Director32023-06-012024-05-3100584454ns10:CompanySecretary12023-06-012024-05-3100584454ns10:RegisteredOffice2023-06-012024-05-3100584454ns5:CurrentFinancialInstruments2024-05-3100584454ns5:CurrentFinancialInstruments2023-05-3100584454ns5:ShareCapital2024-05-3100584454ns5:ShareCapital2023-05-3100584454ns5:CapitalRedemptionReserve2024-05-3100584454ns5:CapitalRedemptionReserve2023-05-3100584454ns5:RetainedEarningsAccumulatedLosses2024-05-3100584454ns5:RetainedEarningsAccumulatedLosses2023-05-3100584454ns5:PlantMachinery2023-06-012024-05-3100584454ns5:FurnitureFittings2023-06-012024-05-3100584454ns5:PlantMachinery2023-05-3100584454ns5:FurnitureFittings2023-05-3100584454ns5:PlantMachinery2024-05-3100584454ns5:FurnitureFittings2024-05-3100584454ns5:PlantMachinery2023-05-3100584454ns5:FurnitureFittings2023-05-3100584454ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3100584454ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3100584454ns5:Non-currentFinancialInstruments2024-05-3100584454ns5:Non-currentFinancialInstruments2023-05-3100584454ns5:DeferredTaxation2023-05-3100584454ns5:DeferredTaxation2023-06-012024-05-3100584454ns5:DeferredTaxation2024-05-31
REGISTERED NUMBER: 00584454 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED

TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED (REGISTERED NUMBER: 00584454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J W Hodges
P G Hodges
G E Hodges





SECRETARY: G E Hodges





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 00584454 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED (REGISTERED NUMBER: 00584454)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,125 2,512
Investments 5 500 500
Investment property 6 1,090,000 930,000
1,092,625 933,012

CURRENT ASSETS
Stocks 21,907 21,907
Debtors 7 2,012,687 2,019,059
Cash at bank and in hand 8,637 11,172
2,043,231 2,052,138
CREDITORS
Amounts falling due within one year 8 72,720 67,379
NET CURRENT ASSETS 1,970,511 1,984,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,063,136

2,917,771

PROVISIONS FOR LIABILITIES 9 102,114 77,414
NET ASSETS 2,961,022 2,840,357

CAPITAL AND RESERVES
Called up share capital 19,000 19,000
Capital redemption reserve 11,000 11,000
Retained earnings 2,931,022 2,810,357
SHAREHOLDERS' FUNDS 2,961,022 2,840,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED (REGISTERED NUMBER: 00584454)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





J W Hodges - Director


TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED (REGISTERED NUMBER: 00584454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Town & Country Developments (Essex) 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.


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 recognized 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 recognized 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 recognized 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED (REGISTERED NUMBER: 00584454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 17,297 2,906 20,203
DEPRECIATION
At 1 June 2023 16,914 777 17,691
Charge for year 96 291 387
At 31 May 2024 17,010 1,068 18,078
NET BOOK VALUE
At 31 May 2024 287 1,838 2,125
At 31 May 2023 383 2,129 2,512

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment in Subsidiary Company 500 500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 930,000
Revaluations 160,000
At 31 May 2024 1,090,000
NET BOOK VALUE
At 31 May 2024 1,090,000
At 31 May 2023 930,000

The company's Investment Properties were revalued on 31st May 2024 by Mr J W Hodges, a director of the company.

TOWN & COUNTRY DEVELOPMENTS (ESSEX)
LIMITED (REGISTERED NUMBER: 00584454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 5,734 1,931
Other debtors and prepayments 1,500 3,819
Tax 981 238
Town & Country Timber Frame Ltd 1,880,393 1,883,492
1,888,608 1,889,480

Amounts falling due after more than one year:
Other debtors 124,079 129,579

Aggregate amounts 2,012,687 2,019,059

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 425 6,285
Other creditors 16,429 26,611
Directors' current accounts 50,630 28,537
Accrued expenses 5,236 5,946
72,720 67,379

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 102,114 77,414

Deferred
tax
£   
Balance at 1 June 2023 77,414
Provided during year 24,700
Balance at 31 May 2024 102,114

10. RETAINED EARNINGS

Investment
Profit and loss property
reserves revaluation Total

Balance brought forward 2,125,591 684,766 2,810,357
Movement in year (14,635 ) 135,300 120,665

Balance carried forward £2,110,956 £820,066 £2,931,022