1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 267,073 267,073 267,073 xbrli:pure xbrli:shares iso4217:GBP 12428947 2023-07-01 2024-06-30 12428947 2024-06-30 12428947 2023-06-30 12428947 2022-07-01 2023-06-30 12428947 2023-06-30 12428947 2022-06-30 12428947 bus:Director1 2023-07-01 2024-06-30 12428947 core:WithinOneYear 2024-06-30 12428947 core:WithinOneYear 2023-06-30 12428947 core:ShareCapital 2024-06-30 12428947 core:ShareCapital 2023-06-30 12428947 core:RetainedEarningsAccumulatedLosses 2024-06-30 12428947 core:RetainedEarningsAccumulatedLosses 2023-06-30 12428947 core:LandBuildings 2024-06-30 12428947 core:LandBuildings 2023-06-30 12428947 bus:Director1 2023-06-30 12428947 bus:Director1 2024-06-30 12428947 bus:Director1 2022-06-30 12428947 bus:Director1 2023-06-30 12428947 bus:Director1 2022-07-01 2023-06-30 12428947 bus:SmallEntities 2023-07-01 2024-06-30 12428947 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12428947 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12428947 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12428947 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 12428947
TSB UK Properties Limited
Filleted Unaudited Financial Statements
30 June 2024
TSB UK Properties Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
267,073
267,073
Current assets
Debtors
6
192
189
Cash at bank and in hand
1,517
2,117
-------
-------
1,709
2,306
Creditors: amounts falling due within one year
7
268,495
269,134
---------
---------
Net current liabilities
266,786
266,828
---------
---------
Total assets less current liabilities
287
245
----
----
Net assets
287
245
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
187
145
----
----
Shareholders funds
287
245
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TSB UK Properties Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mr D Huckerby
Director
Company registration number: 12428947
TSB UK Properties Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Abbey House, Birmingham Road, Bromsgrove, Worcestershire, B61 0HL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover, which is stated net of value added tax, represents amounts invoiced to third parties in the normal course of business in the United Kingdom.
Tangible assets
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 July 2023 and 30 June 2024
267,073
---------
Depreciation
At 1 July 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
267,073
---------
At 30 June 2023
267,073
---------
6. Debtors
2024
2023
£
£
Other debtors
192
189
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
79,579
79,576
Trade creditors
1,012
Other creditors
188,916
188,546
---------
---------
268,495
269,134
---------
---------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr D Huckerby
( 187,584)
( 187,584)
---------
----
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr D Huckerby
( 187,581)
( 3)
( 187,584)
---------
----
---------