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Registered Number: 13946356
England and Wales

 

 

 

TYH2 LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Yair Emanuel
Eli Emanuel
Registered Number 13946356
Registered Office 8 Lytton Road
New Barnet
Barnet
EN5 5BY
Accountants The Expert Eye
8 Lytton Road
New Barnet
Barnet
EN5 5BY
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,466,253    1,418,824 
1,466,253    1,418,824 
Current assets      
Debtors 4   864 
Cash at bank and in hand 5,452    2,739 
5,452    3,603 
Creditors: amount falling due within one year 5 (722,792)   (672,115)
Net current assets (717,340)   (668,512)
 
Total assets less current liabilities 748,913    750,312 
Creditors: amount falling due after more than one year 6 (760,184)   (760,184)
Net assets (11,271)   (9,872)
 

Capital and reserves
     
Called up share capital 200    200 
Profit and loss account (11,471)   (10,072)
Shareholders' funds (11,271)   (9,872)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 March 2025 and were signed on its behalf by:


-------------------------------
Yair Emanuel
Director
2
General Information
TYH2 Limited is a private company, limited by shares, registered in England and Wales, registration number 13946356, registration address 8 Lytton Road, New Barnet, Barnet, EN5 5BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2023 1,418,824    1,418,824 
Additions 47,429    47,429 
Disposals  
At 31 March 2024 1,466,253    1,466,253 
Depreciation
At 01 April 2023  
Charge for year  
On disposals  
At 31 March 2024  
Net book values
Closing balance as at 31 March 2024 1,466,253    1,466,253 
Opening balance as at 01 April 2023 1,418,824    1,418,824 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors   864 
  864 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Other Creditors 722,792    672,115 
722,792    672,115 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 760,184    760,184 
760,184    760,184 

3