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Registration number: 13638257

TBA Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

TBA Management Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

TBA Management Ltd

Company Information

Directors

Mr T A J Barton

Ms R J Barton

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

TBA Management Ltd

(Registration number: 13638257)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

954,112

954,112

Other financial assets

5

178,986

178,986

 

1,133,098

1,133,098

Current assets

 

Debtors

6

6,918

3,900

Cash at bank and in hand

 

26,789

21,235

 

33,707

25,135

Creditors: Amounts falling due within one year

7

(14,547)

(11,044)

Net current assets

 

19,160

14,091

Total assets less current liabilities

 

1,152,258

1,147,189

Creditors: Amounts falling due after more than one year

7

(1,222,248)

(1,229,604)

Net liabilities

 

(69,990)

(82,415)

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

(89,854)

(89,854)

Retained earnings

19,764

7,339

Shareholders' deficit

 

(69,990)

(82,415)

 

TBA Management Ltd

(Registration number: 13638257)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr T A J Barton
Director

.........................................
Ms R J Barton
Director

 

TBA Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

The principal place of business is:
20 Dunley Close
Swindon
Wilts
SN25 2BL
England

These financial statements were authorised for issue by the Board on 26 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these financial statements is pound sterling rounded to the nearest whole number.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

TBA Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

TBA Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Investment properties

2024
£

At 1 October

954,112

At 30 September

954,112

There has been no valuation of investment property by an independent valuer.

 

TBA Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

178,986

178,986

At 30 September 2024

178,986

178,986

Impairment

Carrying amount

At 30 September 2024

178,986

178,986

6

Debtors

Current

2024
£

2023
£

Prepayments

618

-

Other debtors

6,300

3,900

 

6,918

3,900

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,204

4,060

Accruals and deferred income

2,223

1,944

Other creditors

9,120

5,040

14,547

11,044

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

1,222,248

1,229,604

 

TBA Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(89,854)

(89,854)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(89,854)

(89,854)

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

697,902

697,902

Other borrowings

524,346

531,702

1,222,248

1,229,604

The company has secured borrowing against their investment properties held, both charges in favour of Shawbrook Bank Limited.