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REGISTERED NUMBER: SC392183 (Scotland)












Financial Statements

for the Year Ended 31 March 2024

for

T C M Property Holdings Limited

T C M Property Holdings Limited (Registered number: SC392183)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T C M Property Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms C Tanner





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC392183 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

T C M Property Holdings Limited (Registered number: SC392183)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 344,819 346,848
Investments 4 2 2
344,821 346,850

CURRENT ASSETS
Inventories - 4,437
Debtors 5 65,509 20,498
Cash at bank and in hand 25 15,850
65,534 40,785
CREDITORS
Amounts falling due within one year 6 264,507 205,594
NET CURRENT LIABILITIES (198,973 ) (164,809 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,848

182,041

CREDITORS
Amounts falling due after more than one year 7 - 13,539
NET ASSETS 145,848 168,502

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 145,846 168,500
SHAREHOLDERS' FUNDS 145,848 168,502

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 her 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.

T C M Property Holdings Limited (Registered number: SC392183)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





Ms C Tanner - Director


T C M Property Holdings Limited (Registered number: SC392183)

Notes to the Financial Statements
for the Year Ended 31 March 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.

Going concern
The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts received from the sale of alcoholic and non-alcoholic beverages as well as food,.and the hire of plant, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - not provided
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Government grants
Grants are accounted for under the accruals model. Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


T C M Property Holdings Limited (Registered number: SC392183)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

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

3. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 154,858 24,206 286,220
Additions - 7,000 25,000
At 31 March 2024 154,858 31,206 311,220
DEPRECIATION
At 1 April 2023 - - 194,523
Charge for year - - 14,692
At 31 March 2024 - - 209,215
NET BOOK VALUE
At 31 March 2024 154,858 31,206 102,005
At 31 March 2023 154,858 24,206 91,697

T C M Property Holdings Limited (Registered number: SC392183)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 93,452 1,576 560,312
Additions - - 32,000
At 31 March 2024 93,452 1,576 592,312
DEPRECIATION
At 1 April 2023 18,207 734 213,464
Charge for year 18,811 526 34,029
At 31 March 2024 37,018 1,260 247,493
NET BOOK VALUE
At 31 March 2024 56,434 316 344,819
At 31 March 2023 75,245 842 346,848

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 65,509 20,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,041 15,072
Taxation and social security 67,605 62,276
Other creditors 181,861 128,246
264,507 205,594

T C M Property Holdings Limited (Registered number: SC392183)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 13,539

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

There is a balance owed by the directors of £26,670 (2023 - £20,498) as at 31st March 2024. No interest was charged on this balance and there are no formal repayment terms.