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REGISTERED NUMBER: 01224038 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th November 2024

for

Tynelake Limited

Tynelake Limited (Registered number: 01224038)

Contents of the Financial Statements
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tynelake Limited

Company Information
for the Year Ended 30th November 2024







DIRECTORS: SF Hawtin
JM Wood
HL Hawtin



SECRETARY: SF Hawtin



REGISTERED OFFICE: Abacus House
The Ropewalk
Garstang
Preston
Lancashire
PR3 1NS



REGISTERED NUMBER: 01224038 (England and Wales)



ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ



BANKERS: National Westminster Bank plc
5 James Street
Accrington
Lancashire
BB5 1NB

Tynelake Limited (Registered number: 01224038)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 45,070 45,273
Investments 5 470,000 470,000
515,070 515,273

CURRENT ASSETS
Debtors 6 13,396 9,373
Investments 7 970,066 939,838
Cash at bank 60,713 69,231
1,044,175 1,018,442
CREDITORS
Amounts falling due within one year 8 3,652 4,085
NET CURRENT ASSETS 1,040,523 1,014,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,555,593

1,529,630

CAPITAL AND RESERVES
Called up share capital 7,003 7,003
Share premium 9 395,986 395,986
Capital redemption reserve 9 14,011 14,011
Other reserves 9 224,434 224,434
Retained earnings 9 914,159 888,196
SHAREHOLDERS' FUNDS 1,555,593 1,529,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 11th March 2025 and were signed on its behalf by:





SF Hawtin - Director


Tynelake Limited (Registered number: 01224038)

Notes to the Financial Statements
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

Tynelake 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Computer equipment - 25% on cost

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002), it is a departure from the general requirement of the Companies Act 1985 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of which might otherwise have been charged cannot be separately identified or quantified.

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 recognised 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 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.

Tynelake Limited (Registered number: 01224038)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


2. ACCOUNTING POLICIES - continued

Investments
Current asset investments is stated at its historical cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1st December 2023 45,034 1,056 46,090
Additions - 54 54
At 30th November 2024 45,034 1,110 46,144
DEPRECIATION
At 1st December 2023 - 817 817
Charge for year - 257 257
At 30th November 2024 - 1,074 1,074
NET BOOK VALUE
At 30th November 2024 45,034 36 45,070
At 30th November 2023 45,034 239 45,273

Included in cost of land and buildings is freehold land of £ 45,034 (2023 - £ 45,034 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment properties 470,000 470,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,220 5,267
Deferred tax asset 3,781 3,781
Prepayments 395 325
13,396 9,373

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 542,896 560,497
Other investments 427,170 379,341
970,066 939,838

Tynelake Limited (Registered number: 01224038)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 2,369 2,261
Accruals and deferred income 1,283 1,824
3,652 4,085

9. RESERVES
Capital
Retained Share redemption Other
earnings premium reserve reserves Totals
£    £    £    £    £   

At 1st December 2023 888,196 395,986 14,011 224,434 1,522,627
Profit for the year 50,184 - - - 50,184
Dividends (24,221 ) - - - (24,221 )
At 30th November 2024 914,159 395,986 14,011 224,434 1,548,590