25 February 2024 v2025.18.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP155203152024-02-252025-02-28155203152025-02-2815520315core:WithinOneYear2025-02-2815520315core:ShareCapital2025-02-2815520315core:RetainedEarningsAccumulatedLosses2025-02-2815520315bus:Director12024-02-252025-02-2815520315bus:RegisteredOffice2024-02-252025-02-2815520315core:LandBuildings2024-02-252025-02-2815520315core:LandBuildings2025-02-281552031512024-02-252025-02-2815520315countries:EnglandWales2024-02-252025-02-2815520315bus:AuditExempt-NoAccountantsReport2024-02-252025-02-2815520315bus:PrivateLimitedCompanyLtd2024-02-252025-02-2815520315bus:SmallEntities2024-02-252025-02-2815520315bus:FullAccounts2024-02-252025-02-28
Company registration number:
15520315
P&L TBC Ltd
Unaudited Filleted Financial Statements for the year ended
28 February 2025
P&L TBC Ltd
Statement of Financial Position
28 February 2025
2025
Note£
Fixed assets  
Tangible assets 5
214,669
 
Current assets  
Cash at bank and in hand
811
 
Creditors: amounts falling due within one year 6
(231,613
)
Net current liabilities
(230,802
)
Total assets less current liabilities (16,133 )
Capital and reserves  
Called up share capital
10
 
Profit and loss account
(16,143
)
Shareholders deficit
(16,133
)
For the year ending
28 February 2025
, 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
31 March 2025
, and are signed on behalf of the board by:
Ms Ana Sofia Graca
Director
Company registration number:
15520315
P&L TBC Ltd
Notes to the Financial Statements
Year ended
28 February 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
12 Old Gate Road
,
Faversham
,
ME13 7SR
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was Nil.

5 Tangible assets

Land and buildings
£
Cost  
At
25 February 2024
-  
Additions
214,669
 
At
28 February 2025
214,669
 
Depreciation  
At
25 February 2024
and
28 February 2025
-  
Carrying amount  
At
28 February 2025
214,669
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2025
£
Additions
214,669
 
Carrying amount at
28 February 2025
214,669
 

6 Creditors: amounts falling due within one year

2025
£
Bank loans and overdrafts
129,816
 
Other creditors
101,797
 
231,613