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REGISTERED NUMBER: 09505986 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TINCKNELL PROPERTY LTD

TINCKNELL PROPERTY LTD (REGISTERED NUMBER: 09505986)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TINCKNELL PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R J Tincknell





REGISTERED OFFICE: Cathedral View Offices
Wookey Hole Road
Wells
Somerset
BA5 2BT





REGISTERED NUMBER: 09505986 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

TINCKNELL PROPERTY LTD (REGISTERED NUMBER: 09505986)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investment property 4 430,000 430,000

CURRENT ASSETS
Debtors 5 4,169 12,016
Cash at bank 14,720 10,300
18,889 22,316
CREDITORS
Amounts falling due within one year 6 (161,454 ) (180,405 )
NET CURRENT LIABILITIES (142,565 ) (158,089 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,435

271,911

CREDITORS
Amounts falling due after more than one
year

7

(202,361

)

(201,445

)

PROVISIONS FOR LIABILITIES (2,764 ) (2,764 )
NET ASSETS 82,310 67,702

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 82,309 67,701
SHAREHOLDERS' FUNDS 82,310 67,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

TINCKNELL PROPERTY LTD (REGISTERED NUMBER: 09505986)

BALANCE SHEET - continued
31 MARCH 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 18 March 2025 and were signed by:





R J Tincknell - Director


TINCKNELL PROPERTY LTD (REGISTERED NUMBER: 09505986)

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

1. STATUTORY INFORMATION

Tincknell Property 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.

At the year end the company had net current liabilities. The ability to continue trading is dependent on the willingness of the director to continue to extend finance to the company which he is both willing and able to do and has indicated that he will continue to do so for a period of at least 12 months from the date of signature of these financial statements.

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover represents rental income due to the company for the accounting period.

Investment property
Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is recognised in profit and loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

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 balance sheet date.


TINCKNELL PROPERTY LTD (REGISTERED NUMBER: 09505986)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 430,000
NET BOOK VALUE
At 31 March 2024 430,000
At 31 March 2023 430,000

The properties were valued on an open market basis at the year end by the director of the company, based on information afforded by recent professional valuations of similar properties.

The values shown above are analysed as follows:

£

Revaluation surplus 18,032
Cost 411,968
Total 430,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,497 12,016
Other debtors 1,672 -
4,169 12,016

TINCKNELL PROPERTY LTD (REGISTERED NUMBER: 09505986)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 4,048 4,949
Other creditors 157,406 175,456
161,454 180,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 202,361 201,445

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 202,361 201,445

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Other loans 202,361 201,445

The loan is secured by a fixed charge over property and by a debenture over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £0.01 1 1

10. RESERVES

Retained earnings include both distributable and undistributable reserves.

11. RELATED PARTY DISCLOSURES

At the year end the company owed the director £157,407 (2023 - £175,456). This amount was repayable on demand and no interest was charged during the year.