Registered number
12770387
TNI Property Services Ltd
Filleted Abridged Accounts
30 November 2024
TNI Property Services Ltd
Registered number: 12770387
Abridged Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 212,383 372,941
Current assets
Debtors 161,222 -
Cash at bank and in hand 15,525 43,879
176,747 43,879
Creditors: amounts falling due within one year (37) (676)
Net current assets 176,710 43,203
Total assets less current liabilities 389,093 416,144
Creditors: amounts falling due after more than one year (386,093) (414,108)
Net assets 3,000 2,036
Capital and reserves
Called up share capital 10 10
Profit and loss account 2,990 2,026
Shareholders' funds 3,000 2,036
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr T Bishop
Director
Approved by the board on 5 February 2025
TNI Property Services Ltd
Notes to the Abridged Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
The company owns a freehold building that is held to earn long term rental income and for capital appreciation. Investment properties are initially recognised at cost. Investment properties whose fair value can be measured reliably are measured at fair value. Changes in fair value are recognised in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
£ £
Average number of persons employed by the company - -
3 Investment property
Land and
buildings
£
Fair Value
At 1 December 2023 372,941
Disposals (160,558)
At 30 November 2024 212,383
Historical cost
At 1 December 2023 372,941
At 30 November 2024 212,583

The investment property has been incorporated within the financial statements at cost price. Although the director does not hold a qualification in valuing property he is of the opinion that the cost price fairly represents its open market value as at the financial year end based on his assessment of neighbouring similar properties.
4 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 386,093 414,108
5 Other information
TNI Property Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 St. Edmunds Road
Weeting
Brandon
IP27 0QY
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