Registration number:
TNFT PROP 32 LTD
for the Year Ended 31 May 2024
TNFT PROP 32 LTD
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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iXBRL Detailed Profit and Loss Account |
TNFT PROP 32 LTD
Company Information
Director |
Mr Jagpal Singh |
Registered office |
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Accountants |
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TNFT PROP 32 LTD
Director's Report for the Year Ended 31 May 2024
The director presents his report and the financial statements for the year ended 31 May 2024.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is Buying and selling of own real estate
Small companies provision statement
This report has 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.
Approved and authorised by the
......................................... |
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
TNFT PROP 32 LTD
for the Year Ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TNFT PROP 32 LTD for the year ended 31 May 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TNFT PROP 32 LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of TNFT PROP 32 LTD and state those matters that we have agreed to state to the Board of Directors of TNFT PROP 32 LTD. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TNFT PROP 32 LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TNFT PROP 32 LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of TNFT PROP 32 LTD. You consider that TNFT PROP 32 LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TNFT PROP 32 LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Smethwick
Birmingham
B16 9SS
TNFT PROP 32 LTD
Profit and Loss Account for the Year Ended 31 May 2024
Note |
2024 |
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Turnover |
- |
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Gross profit/(loss) |
- |
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Operating profit/(loss) |
- |
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Profit/(loss) before tax |
- |
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Profit/(loss) for the financial year |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
TNFT PROP 32 LTD
Statement of Comprehensive Income for the Year Ended 31 May 2024
2024 |
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Profit/(loss) for the year |
- |
Total comprehensive income for the year |
- |
TNFT PROP 32 LTD
(Registration number: 14844197)
Balance Sheet as at 31 May 2024
Note |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
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Shareholders' funds |
100 |
For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
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.
Approved and authorised by the
......................................... |
TNFT PROP 32 LTD
Statement of Changes in Equity for the Year Ended 31 May 2024
Share capital |
Total |
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At 1 June 2023 |
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At 31 May 2024 |
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TNFT PROP 32 LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.
TNFT PROP 32 LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Borrowings
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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Additions |
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At 31 May 2024 |
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Depreciation |
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Carrying amount |
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At 31 May 2024 |
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Included within the net book value of land and buildings above is £97,170 in respect of freehold land and buildings.
Debtors |
Current |
2024 |
Other debtors |
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TNFT PROP 32 LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Creditors |
Creditors: amounts falling due after more than one year
Note |
2024 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2024 |
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No. |
£ |
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100 |
Loans and borrowings |
Non-current loans and borrowings
2024 |
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Bank borrowings |
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Transition to FRS 102 |
Balance Sheet at
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
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Total equity |
- |
- |
- |
- |
TNFT PROP 32 LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Balance Sheet at
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
||||
Total equity |
- |
- |
- |
- |
TNFT PROP 32 LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Turnover |
- |
- |
- |
- |
Operating profit/(loss) |
- |
- |
- |
- |
Profit/(loss) before tax |
- |
- |
- |
- |
Profit/(loss) for the financial year |
- |
- |
- |
- |
TNFT PROP 32 LTD
iXBRL Detailed Profit and Loss Account for the Year Ended 31 May 2024
Cost of sales |
Opening stock/inventories |
Closing stock/inventories |
Gross profit/(loss) |
Distribution costs |
Administrative expenses |
Other operating income |
Other items |
Profit/(loss) for the financial year |