Company registration number 12100522 (England and Wales)
TYRRELL PROPERTY MANAGMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
TYRRELL PROPERTY MANAGMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TYRRELL PROPERTY MANAGMENT LTD
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
80
80
Creditors: amounts falling due within one year
3
(1,511)
(1,511)
Net current liabilities
(1,431)
(1,431)
Net liabilities
(1,431)
(1,431)
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
(1,432)
(1,432)
Total equity
(1,431)
(1,431)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has 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 his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 15 April 2025
G Tyrrell
Director
Company registration number 12100522 (England and Wales)
TYRRELL PROPERTY MANAGMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

Tyrrell Property Managment Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Beswick House, Green Fold Way, Leigh, Lancashire, WN7 3XJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company had net current liabilities of £1,431 at the balance sheet date. Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to his continued financial support. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

TYRRELL PROPERTY MANAGMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,511
1,511
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
100
100
1
1
5
Directors' transactions

At the balance sheet date the company owed the director £221 (2023: £221).

2024-07-312023-08-01falsefalsetrue22 April 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityG TyrrellG Tyrrell121005222023-08-012024-07-31121005222024-07-31121005222023-07-3112100522core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3112100522core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3112100522core:ShareCapital2024-07-3112100522core:ShareCapital2023-07-3112100522core:RetainedEarningsAccumulatedLosses2024-07-3112100522core:RetainedEarningsAccumulatedLosses2023-07-3112100522bus:CompanySecretaryDirector12023-08-012024-07-31121005222022-08-012023-07-3112100522core:CurrentFinancialInstruments2024-07-3112100522core:CurrentFinancialInstruments2023-07-3112100522bus:EntityHasNeverTraded2023-08-012024-07-3112100522bus:PrivateLimitedCompanyLtd2023-08-012024-07-3112100522bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112100522bus:FRS1022023-08-012024-07-3112100522bus:AuditExemptWithAccountantsReport2023-08-012024-07-3112100522bus:Director12023-08-012024-07-3112100522bus:CompanySecretary12023-08-012024-07-3112100522bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP