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REGISTERED NUMBER: 09114783 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

TF AVENUES LIMITED

TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TF AVENUES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: B J Carter
Mrs J K Carter





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 09114783 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 3 2 2
Investment property 4 845,480 875,000
845,482 875,002

CURRENT ASSETS
Debtors 5 40,527 -
Cash at bank 5,714 6,563
46,241 6,563
CREDITORS
Amounts falling due within one year 6 67,224 198,691
NET CURRENT LIABILITIES (20,983 ) (192,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

824,499

682,874

PROVISIONS FOR LIABILITIES 33,599 41,099
NET ASSETS 790,900 641,775

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 7 136,365 158,865
Retained earnings 654,533 482,908
SHAREHOLDERS' FUNDS 790,900 641,775

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 18 March 2025 and were signed on its behalf by:





B J Carter - Director


TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)

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

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents rental income. All income is recognised on a receivable basis.

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.

2. EMPLOYEES AND DIRECTORS

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

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 2
NET BOOK VALUE
At 31 July 2024 2
At 31 July 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

PS Cal Limited
Registered office: The Old Casino, 28 Fourth Avenue, Hove, BN3 2PJ
Nature of business: Computer Consultancy Activities
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 37 337,925
Loss for the year (4,245 ) (5,063 )

Kep South Limited
Registered office: 4a Preston Park Avenue, Brighton, East Sussex, BN1 6HJ
Nature of business: IT Consultancy
%
Class of shares: holding
Ordinary 100.00
30.11.23 30.11.22
£    £   
Aggregate capital and reserves 56 155,692
Loss for the year (4,862 ) (10,675 )

TF AVENUES LIMITED (REGISTERED NUMBER: 09114783)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 875,000
Additions 480
Revaluations (30,000 )
At 31 July 2024 845,480
NET BOOK VALUE
At 31 July 2024 845,480
At 31 July 2023 875,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 199,964
Valuation in 2024 (30,000 )
Cost 675,516
845,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 40,527 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates - 131,574
Directors' loan accounts 66,181 66,181
Accrued expenses 1,043 936
67,224 198,691

7. RESERVES
Non-distribut
reserve
£   
At 1 August 2023 158,865
Revaluation of property (30,000 )
Deferred tax 7,500

At 31 July 2024 136,365

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, B J Carter and Mrs J K Carter maintained their loan to the company. As at 31 July 2024, the company owed them £66,181 (2023: £66,181). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B J Carter and Mrs J K Carter.

This was by virtue of their 100% holding of the issued share capital.