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Company Registration No. 11652783 (England and Wales)
T&C Lifestyle Ltd Unaudited accounts for the year ended 31 October 2024
T&C Lifestyle Ltd Unaudited accounts Contents
Page
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T&C Lifestyle Ltd Company Information for the year ended 31 October 2024
Director
Edward Williams
Company Number
11652783 (England and Wales)
Registered Office
6 Warren Drive Linton Swadlincote Derbyshire DE12 6QP
Accountants
R M Accountancy Services Ltd The Old Post Office 137-139 Long Street Dordon Staffordshire B78 1SH
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T&C Lifestyle Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
250,000 
205,000 
Current assets
Cash at bank and in hand
550 
9,320 
Creditors: amounts falling due within one year
(44,454)
(53,636)
Net current liabilities
(43,904)
(44,316)
Total assets less current liabilities
206,096 
160,684 
Creditors: amounts falling due after more than one year
(135,000)
(135,000)
Provisions for liabilities
Deferred tax
(28,845)
(14,820)
Net assets
42,251 
10,864 
Capital and reserves
Called up share capital
1 
1 
Fair value reserve
123,000 
78,000 
Profit and loss account
(80,750)
(67,137)
Shareholders' funds
42,251 
10,864 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 March 2025 and were signed on its behalf by
Edward Williams Director Company Registration No. 11652783
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T&C Lifestyle Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
T&C Lifestyle Ltd is a private company, limited by shares, registered in England and Wales, registration number 11652783. The registered office is 6 Warren Drive, Linton, Swadlincote, Derbyshire, DE12 6QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 November 2023
205,000 
Net gain from fair value adjustments
45,000 
At 31 October 2024
250,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
43,674 
52,856 
Accruals
780 
780 
44,454 
53,636 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
135,000 
135,000 
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T&C Lifestyle Ltd Notes to the Accounts for the year ended 31 October 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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