IRIS Accounts Production v24.3.2.46 11927560 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 Ordinary A 100.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119275602023-08-31119275602024-08-31119275602023-09-012024-08-31119275602022-08-31119275602022-09-012023-08-31119275602023-08-3111927560ns15:EnglandWales2023-09-012024-08-3111927560ns14:PoundSterling2023-09-012024-08-3111927560ns10:Director12023-09-012024-08-3111927560ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111927560ns10:SmallEntities2023-09-012024-08-3111927560ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111927560ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111927560ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111927560ns10:FullAccounts2023-09-012024-08-3111927560ns10:OrdinaryShareClass12023-09-012024-08-3111927560ns10:OrdinaryShareClass22023-09-012024-08-3111927560ns10:Director22023-09-012024-08-3111927560ns10:Director32023-09-012024-08-3111927560ns10:Director42023-09-012024-08-3111927560ns10:CompanySecretary12023-09-012024-08-3111927560ns10:RegisteredOffice2023-09-012024-08-3111927560ns5:CurrentFinancialInstruments2024-08-3111927560ns5:CurrentFinancialInstruments2023-08-3111927560ns5:ShareCapital2024-08-3111927560ns5:ShareCapital2023-08-3111927560ns5:RetainedEarningsAccumulatedLosses2024-08-3111927560ns5:RetainedEarningsAccumulatedLosses2023-08-3111927560ns5:LandBuildings2023-09-012024-08-3111927560ns5:PlantMachinery2023-09-012024-08-3111927560ns5:LandBuildings2023-08-3111927560ns5:PlantMachinery2023-08-3111927560ns5:LandBuildings2024-08-3111927560ns5:PlantMachinery2024-08-3111927560ns5:LandBuildings2023-08-3111927560ns5:PlantMachinery2023-08-3111927560ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3111927560ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3111927560ns10:OrdinaryShareClass12024-08-3111927560ns10:OrdinaryShareClass22024-08-31
REGISTERED NUMBER: 11927560 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

T&J PROPERTY GROUP LIMITED

T&J PROPERTY GROUP LIMITED (REGISTERED NUMBER: 11927560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T&J PROPERTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: H Davar
T Davar
J Davar
S Davar





SECRETARY: H Davar





REGISTERED OFFICE: 12 Crespigny Road
London
NW4 3DY





REGISTERED NUMBER: 11927560 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

T&J PROPERTY GROUP LIMITED (REGISTERED NUMBER: 11927560)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 705 1,482,500
Investment property 5 1,650,000 -
1,650,705 1,482,500

CURRENT ASSETS
Debtors 6 37,825 -
Cash at bank 77,599 112,491
115,424 112,491
CREDITORS
Amounts falling due within one year 7 1,536,092 1,543,328
NET CURRENT LIABILITIES (1,420,668 ) (1,430,837 )
TOTAL ASSETS LESS CURRENT LIABILITIES 230,037 51,663

PROVISIONS FOR LIABILITIES 42,405 -
NET ASSETS 187,632 51,663

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 187,432 51,463
SHAREHOLDERS' FUNDS 187,632 51,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

T&J PROPERTY GROUP LIMITED (REGISTERED NUMBER: 11927560)

BALANCE SHEET - continued
31 AUGUST 2024


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 Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





T Davar - Director


T&J PROPERTY GROUP LIMITED (REGISTERED NUMBER: 11927560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

T&J Property Group Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

Investment property
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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.


T&J PROPERTY GROUP LIMITED (REGISTERED NUMBER: 11927560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 1,480,381 6,111 1,486,492
Reclassification (1,480,381 ) - (1,480,381 )
At 31 August 2024 - 6,111 6,111
DEPRECIATION
At 1 September 2023 - 3,992 3,992
Charge for year - 1,414 1,414
At 31 August 2024 - 5,406 5,406
NET BOOK VALUE
At 31 August 2024 - 705 705
At 31 August 2023 1,480,381 2,119 1,482,500

T&J PROPERTY GROUP LIMITED (REGISTERED NUMBER: 11927560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 169,619
Reclassification 1,480,381
At 31 August 2024 1,650,000
NET BOOK VALUE
At 31 August 2024 1,650,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 1,650,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,480,380 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 37,825 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,391 4,437
Other creditors 1,533,701 1,538,891
1,536,092 1,543,328

T&J PROPERTY GROUP LIMITED (REGISTERED NUMBER: 11927560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £100 100 100
200 200

9. RELATED PARTY DISCLOSURES

Amounts due to related parties represents loans from J Davar and T Davar, who are shareholders and are connected to the director. This amount has been provided unsecured and is effectively repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Davar.

This is by virtue of his ownership of the issued A share. This carries a complete right of veto, to add or remove directors and to buy or sell any property.