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REGISTERED NUMBER: NI051071 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Tpq Developments Limited

Tpq Developments Limited (Registered number: NI051071)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tpq Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Richard Ramsay





REGISTERED OFFICE: Suite 2b Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH





REGISTERED NUMBER: NI051071 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

Tpq Developments Limited (Registered number: NI051071)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,884 2,574

CURRENT ASSETS
Stocks 573,148 572,612
Debtors 5 100 29,313
Cash at bank 15,538 22,758
588,786 624,683
CREDITORS
Amounts falling due within one year 6 7,007 4,255
NET CURRENT ASSETS 581,779 620,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,663

623,002

CAPITAL AND RESERVES
Called up share capital 7 967,830 1,011,670
Retained earnings (384,167 ) (388,668 )
SHAREHOLDERS' FUNDS 583,663 623,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 27 March 2025 and were signed by:



Richard Ramsay - Director


Tpq Developments Limited (Registered number: NI051071)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Tpq Developments Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible fixed assets
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Equipment - 20% Straight Line
Fixtures & Equipment - 20% Straight Line

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Tpq Developments Limited (Registered number: NI051071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2023 4,300 8,713 13,013
Additions - 480 480
At 30 June 2024 4,300 9,193 13,493
DEPRECIATION
At 1 July 2023 4,300 6,139 10,439
Charge for year - 1,170 1,170
At 30 June 2024 4,300 7,309 11,609
NET BOOK VALUE
At 30 June 2024 - 1,884 1,884
At 30 June 2023 - 2,574 2,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 100 2,259
Other debtors - 27,054
100 29,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors - 500
Other creditors 7,007 3,755
7,007 4,255

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
609,170 Ordinary £1 609,170 609,170
358,660 Redeemable Preference £1 358,660 402,500
967,830 1,011,670

The redeemable preference shares which are classified as equity are redeemable at the option of the company. No premium is payable on redemption.
During the year 43,840 of these shares were redeemed at par.

Tpq Developments Limited (Registered number: NI051071)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£    £   
Richard Ramsay
Balance outstanding at start of year 25,000 -
Amounts advanced 28,270 25,000
Amounts repaid (53,836 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (566 ) 25,000