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REGISTERED NUMBER: 11014108 (England and Wales)















TJT PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 20 SEPTEMBER 2024






TJT PROPERTIES LTD (REGISTERED NUMBER: 11014108)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


TJT PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 20 SEPTEMBER 2024







DIRECTOR: P Clarke





REGISTERED OFFICE: 9 Thorn Road
Hampton Hargate
Peterborough
PE7 8EB





REGISTERED NUMBER: 11014108 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

TJT PROPERTIES LTD (REGISTERED NUMBER: 11014108)

STATEMENT OF FINANCIAL POSITION
20 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,725 45,601
Investment property 5 4,890,744 4,890,744
4,927,469 4,936,345

CURRENT ASSETS
Debtors 6 10,623 10,791
Cash at bank 245,175 249,541
255,798 260,332
CREDITORS
Amounts falling due within one year 7 460,089 472,145
NET CURRENT LIABILITIES (204,291 ) (211,813 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,723,178 4,724,532

CREDITORS
Amounts falling due after more than one year 8 (4,000,000 ) (4,000,000 )

PROVISIONS FOR LIABILITIES (7,683 ) (11,399 )
NET ASSETS 715,495 713,133

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 705,495 703,133
SHAREHOLDERS' FUNDS 715,495 713,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TJT PROPERTIES LTD (REGISTERED NUMBER: 11014108)

STATEMENT OF FINANCIAL POSITION - continued
20 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





P Clarke - Director


TJT PROPERTIES LTD (REGISTERED NUMBER: 11014108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 SEPTEMBER 2024

1. STATUTORY INFORMATION

TJT Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Rental revenue is recognised as it accrues.

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





Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised 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 recognised 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TJT PROPERTIES LTD (REGISTERED NUMBER: 11014108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 21 September 2023 96,632 27,463 124,095
Additions 5,377 - 5,377
Disposals (67,944 ) - (67,944 )
At 20 September 2024 34,065 27,463 61,528
DEPRECIATION
At 21 September 2023 76,613 1,881 78,494
Charge for year 7,368 6,885 14,253
Eliminated on disposal (67,944 ) - (67,944 )
At 20 September 2024 16,037 8,766 24,803
NET BOOK VALUE
At 20 September 2024 18,028 18,697 36,725
At 20 September 2023 20,019 25,582 45,601

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 21 September 2023
and 20 September 2024 4,890,744
NET BOOK VALUE
At 20 September 2024 4,890,744
At 20 September 2023 4,890,744

The investment property was valued by the directors as at 20 September 2024 based on the fair values of recent, comparable property sales in the local area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts - 482
Prepayments and accrued income 10,623 10,309
10,623 10,791

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 389,582 389,582
Taxation 53,124 43,314
Other taxes and social security 2,863 1,794
Other creditors 560 6,600
Directors' loan accounts 850 -
Accruals and deferred income 13,110 30,855
460,089 472,145

TJT PROPERTIES LTD (REGISTERED NUMBER: 11014108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 4,000,000 4,000,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000