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Registered number: 12648477









TBC DEVELOPMENTS & CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
TBC DEVELOPMENTS & CONSTRUCTION LIMITED
REGISTERED NUMBER: 12648477

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2024
2023
2023
Note
£
£
£
£

  

CURRENT ASSETS
  

Stocks
 4 
485,122
1,182,177

Debtors: amounts falling due within one year
 5 
386
2,112

Cash at bank and in hand
  
441
609

  
485,949
1,184,898

Creditors: amounts falling due within one year
 6 
(501,585)
(1,213,561)

NET CURRENT LIABILITIES
  
 
 
(15,636)
 
 
(28,663)

  

NET LIABILITIES
  
(15,636)
(28,663)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(15,637)
(28,664)

  
(15,636)
(28,663)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



T B Clayton
Director

Date: 28 March 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 1

 
TBC DEVELOPMENTS & CONSTRUCTION LIMITED
REGISTERED NUMBER: 12648477
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
TBC DEVELOPMENTS & CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

TBC Developments & Construction Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 27a Kneesworth Street, Royston, Hertfordshire, SG8 5AB. 
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the year-end the Company had net liabilities of £15,636 (2023 - £28,663). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholder to provide sufficient funds to meet its liabilities as they fall due. 

 
2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of development property sales during the year, exclusive of Value Added Tax. Revenue is recognised as the fair value of the consideration received or receivable and is recognised based on the date of exhange of contract.

 
2.4

STOCKS

Work in progress at the balance sheet date comprises costs incurred and carried forward under ongoing development projects.

 
2.5

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.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

Page 3

 
TBC DEVELOPMENTS & CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


EMPLOYEES

The Company has no employees other than the director, who did not receive any remuneration (2023 - £NIL).


4.


STOCKS

2024
2023
£
£

Work in progress
485,122
1,182,177



5.


DEBTORS

2024
2023
£
£


Prepayments and accrued income
386
2,112



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other loans
465,000
1,172,500

Trade creditors
3,916
12,021

Other taxation and social security
3,305
2,542

Other creditors
27,089
24,398

Accruals and deferred income
2,275
2,100

501,585
1,213,561



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2023 - 1) Ordinary share of £1
1
1


 
Page 4