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Registration number: 14691326

TNFT PROP 10 LTD

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

TNFT PROP 10 LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

TNFT PROP 10 LTD

Company Information

Director

Mr Jagpal Singh

Registered office

Office 20, West Midlands House
Gipsy Lane
Willenhall
West Midlands
WV13 2HA

Accountants

A Singh Accountancy
Office 20, West Midlands House
Gipsy Lane
Willenhall
West Midlands
WV13 2HA

 

TNFT PROP 10 LTD

(Registration number: 14691326)
Balance Sheet as at 29 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

135,426

Current assets

 

Debtors

5

100

Total assets less current liabilities

 

135,526

Creditors: Amounts falling due after more than one year

6

(135,426)

Net assets

 

100

Capital and reserves

 

Called up share capital

7

100

Shareholders' funds

 

100

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 April 2025
 

.........................................
Mr Jagpal Singh
Director

 

TNFT PROP 10 LTD

Notes to the Unaudited Financial Statements for the Year Ended 29 February 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:
Office 20, West Midlands House
Gipsy Lane
Willenhall
West Midlands
WV13 2HA
United Kingdom

These financial statements were authorised for issue by the director on 1 April 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

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

 

TNFT PROP 10 LTD

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

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 the director) during the year, was 0.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

135,426

135,426

At 29 February 2024

135,426

135,426

Depreciation

Carrying amount

At 29 February 2024

135,426

135,426

Included within the net book value of land and buildings above is £135,426 in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

Other debtors

100

 

100

 

TNFT PROP 10 LTD

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

8

135,426

7

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary Shares of £100 each

1

100

   

8

Loans and borrowings

Non-current loans and borrowings

2024
£

Bank borrowings

135,426