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REGISTERED NUMBER: 03807048 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Tillotson Developments Limited

Tillotson Developments Limited (Registered number: 03807048)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tillotson Developments Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P G Tillotson
A E Tillotson





SECRETARY: A E Tillotson





REGISTERED OFFICE: 3 Crescent Hill
Filey
North Yorkshire
YO14 9JY





REGISTERED NUMBER: 03807048 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Tillotson Developments Limited (Registered number: 03807048)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 248 292
Investment property 6 540,000 461,931
540,248 462,223

CURRENT ASSETS
Cash at bank 6,772 4,698

CREDITORS
Amounts falling due within one year 7 169,151 148,714
NET CURRENT LIABILITIES (162,379 ) (144,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,869

318,207

CREDITORS
Amounts falling due after more than one
year

8

(45,501

)

(92,034

)

PROVISIONS FOR LIABILITIES (38,393 ) (23,560 )
NET ASSETS 293,975 202,613

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 163,676 100,440
Retained earnings 130,297 102,171
SHAREHOLDERS' FUNDS 293,975 202,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Tillotson Developments Limited (Registered number: 03807048)

Balance Sheet - continued
31 July 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 25 April 2025 and were signed on its behalf by:





P G Tillotson - Director


Tillotson Developments Limited (Registered number: 03807048)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Tillotson Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
& Fittings
£   
COST
At 1 August 2023
and 31 July 2024 2,177
DEPRECIATION
At 1 August 2023 1,885
Charge for year 44
At 31 July 2024 1,929
NET BOOK VALUE
At 31 July 2024 248
At 31 July 2023 292

Tillotson Developments Limited (Registered number: 03807048)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 461,931
Additions 78,069
At 31 July 2024 540,000
NET BOOK VALUE
At 31 July 2024 540,000
At 31 July 2023 461,931

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2015 34,000
Valuation in 2016 90,000
Valuation in 2024 78,069
Cost 337,931
540,000

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

31.7.24 31.7.23
£    £   
Cost 337,931 337,931
Aggregate depreciation (63,908 ) (60,529 )

Investment properties were valued on an open market basis basis on 31 July 2024 by the directors .

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors (1 ) (1 )
Tax 7,077 3,022
Directors' loan accounts 160,675 144,293
Accrued expenses 1,400 1,400
169,151 148,714

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
CHL bank loan 9068 68409 45,501 92,034

Amounts falling due in more than five years:

Repayable otherwise than by instalments
CHL bank loan 9068 68409 45,501 92,034

Tillotson Developments Limited (Registered number: 03807048)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 45,501 92,034

The bank loans are mortgages secured on the investment properties.

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023 100,440
Bonus share issue 63,236

At 31 July 2024 163,676