1 August 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP040290542023-08-012024-07-31040290542024-07-31040290542023-07-3104029054core:WithinOneYear2024-07-3104029054core:WithinOneYear2023-07-3104029054core:ShareCapital2024-07-3104029054core:ShareCapital2023-07-3104029054core:RetainedEarningsAccumulatedLosses2024-07-3104029054core:RetainedEarningsAccumulatedLosses2023-07-3104029054bus:Director12023-08-012024-07-3104029054bus:RegisteredOffice2023-08-012024-07-3104029054core:LandBuildings2023-08-012024-07-3104029054core:FurnitureFittings2023-08-012024-07-31040290542022-08-012023-07-3104029054core:LandBuildings2024-07-3104029054core:PlantMachinery2024-07-3104029054core:PlantMachinery2023-08-01040290542023-08-0104029054core:PlantMachinery2023-08-012024-07-3104029054core:LandBuildings2023-07-3104029054core:PlantMachinery2023-07-310402905412023-08-012024-07-3104029054countries:EnglandWales2023-08-012024-07-3104029054bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3104029054bus:PrivateLimitedCompanyLtd2023-08-012024-07-3104029054bus:SmallEntities2023-08-012024-07-3104029054bus:FullAccounts2023-08-012024-07-3104029054bus:Director22023-08-012024-07-31
Company registration number:
04029054
T A Properties Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2024
T A Properties Ltd
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 5
426,648
 
426,955
 
Current assets    
Cash at bank and in hand
9,345
 
19,461
 
Creditors: amounts falling due within one year 6
(264,935
)
(280,365
)
Net current liabilities
(255,590
)
(260,904
)
Total assets less current liabilities 171,058   166,051  
Provisions for liabilities -  
(234
)
Net assets
171,058
 
165,817
 
Capital and reserves    
Called up share capital
120
 
120
 
Profit and loss account
170,938
 
165,697
 
Shareholders funds
171,058
 
165,817
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 March 2025
, and are signed on behalf of the board by:
Mr T Boothby
Director
Company registration number:
04029054
T A Properties Ltd
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramley House`
,
Burnt Hill
,
Yattendon
,
Berkshire
,
RG18 )XD
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgement, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and amounts reported for revenues and expenses during the period. However, the nature of estimates means that actual outcomes could differ from those estimates. The following judgements have had the most significant effect on amounts recognised in the financial statements.
Revenue recognition
The key judgements made by management in respect of revenue is the point at which that revenue should be recognised. Management consider the underlying contract terms and conclude upon most appropriate point of the cycle at which to recognise revenue based upon these terms and in particular where the risk and reward of ownership transfer.
Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessment consider issues such as remaining life of the asset and projected disposal value.
Deferred tax asset
Management estimation is required to determine the amount of deferred tax asset that can be recognised based upon likely timing and level of future taxable profits.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Not provided
Fixtures and fittings
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Turnover relates to the sales within the UK market. The policies adopted for the recognition of turnover are as follows:
Rendering of Services
When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised as the services is performed.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any loss arising from impairment are recognised in the profit and loss accounts in other administration expenses.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 August 2023
and
31 July 2024
425,727
 
12,121
 
437,848
 
Depreciation      
At
1 August 2023
-  
10,893
 
10,893
 
Charge -  
307
 
307
 
At
31 July 2024
-  
11,200
 
11,200
 
Carrying amount      
At
31 July 2024
425,727
 
921
 
426,648
 
At 31 July 2023
425,727
 
1,228
 
426,955
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors -  
100
 
Taxation and social security
4,081
 
3,943
 
Other creditors
260,854
 
276,322
 
264,935
 
280,365