0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 589,160 155,000 151,160 593,000 593,000 589,160 xbrli:pure xbrli:shares iso4217:GBP 14386081 2023-10-01 2024-09-30 14386081 2024-09-30 14386081 2023-09-30 14386081 2022-09-29 2023-09-30 14386081 2023-09-30 14386081 2022-09-28 14386081 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 14386081 bus:Director1 2023-10-01 2024-09-30 14386081 bus:Director2 2023-10-01 2024-09-30 14386081 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14386081 core:WithinOneYear 2024-09-30 14386081 core:WithinOneYear 2023-09-30 14386081 core:ShareCapital 2024-09-30 14386081 core:ShareCapital 2023-09-30 14386081 core:OtherReservesSubtotal 2024-09-30 14386081 core:RetainedEarningsAccumulatedLosses 2024-09-30 14386081 core:RetainedEarningsAccumulatedLosses 2023-09-30 14386081 core:HedgingReserve 2024-09-30 14386081 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 14386081 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 14386081 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 14386081 bus:Director1 2023-09-30 14386081 bus:Director1 2024-09-30 14386081 bus:Director2 2023-09-30 14386081 bus:Director2 2024-09-30 14386081 bus:Director1 2023-09-30 14386081 bus:Director2 2023-09-30 14386081 bus:Director1 2022-09-29 2023-09-30 14386081 bus:Director2 2022-09-29 2023-09-30 14386081 bus:SmallEntities 2023-10-01 2024-09-30 14386081 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14386081 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14386081 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14386081 bus:FullAccounts 2023-10-01 2024-09-30 14386081 bus:OrdinaryShareClass1 2024-09-30 14386081 bus:OrdinaryShareClass1 2023-09-30 14386081 core:AssetRevaluationSurplusReserve 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 14386081
TTC PROPERTY LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
TTC PROPERTY LTD
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
593,000
589,160
Current assets
Debtors
5
131,167
Cash at bank and in hand
21,410
--------
---------
21,410
131,167
Creditors: amounts falling due within one year
6
32,738
2,643
--------
---------
Net current (liabilities)/assets
( 11,328)
128,524
---------
---------
Total assets less current liabilities
581,672
717,684
---------
---------
Net assets
581,672
717,684
---------
---------
Capital and reserves
Called up share capital
7
673,328
673,328
Fair value reserve
8
( 151,160)
Profit and loss account
8
59,504
44,356
---------
---------
Shareholders funds
581,672
717,684
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TTC PROPERTY LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Mr A Lindon
Mr G White
Director
Director
Company registration number: 14386081
TTC PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Mill, Blisworth Hill Farm, Stoke Road, Northampton, NN7 3DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for a rental period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded 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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property
£
Cost or valuation
At 1 October 2023
589,160
Additions
155,000
Revaluations
( 151,160)
---------
At 30 September 2024
593,000
---------
Depreciation
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
593,000
---------
At 30 September 2023
589,160
---------
The directors have considered the fair value of the investment properties at the balance sheet date using knowledge of the sales value of similar properties in the area. This has resulted in a fair value adjustment to reduce the property values.
5. Debtors
2024
2023
£
£
Other debtors
131,167
----
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,760
1,306
Other creditors
28,978
1,337
--------
-------
32,738
2,643
--------
-------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
A ordinary shares of £ 1 each
673,328
673,328
673,328
673,328
---------
---------
---------
---------
8. Reserves
Fair value reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income .
9. Fair value reserve
The following movements on the fair value reserve are included within fair value reserve in the statement of changes in equity:
2024
2023
£
£
Reclassification from fair value reserve to profit and loss account
(151,160)
---------
----
At end of year
( 151,160)
---------
----
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Lindon
85,753
1,858
( 101,164)
( 13,553)
Mr G White
45,414
21,560
( 80,994)
( 14,020)
---------
--------
---------
--------
131,167
23,418
( 182,158)
( 27,573)
---------
--------
---------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Lindon
168,441
( 82,688)
85,753
Mr G White
128,102
( 82,688)
45,414
----
---------
---------
---------
296,543
( 165,376)
131,167
----
---------
---------
---------