Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-08false12023-09-01No description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10619373 2023-09-01 2024-08-31 10619373 2024-08-31 10619373 2022-09-01 2023-08-31 10619373 2023-08-31 10619373 c:Director1 2023-09-01 2024-08-31 10619373 c:RegisteredOffice 2023-09-01 2024-08-31 10619373 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 10619373 d:FreeholdInvestmentProperty 2024-08-31 10619373 d:FreeholdInvestmentProperty 2023-08-31 10619373 d:CurrentFinancialInstruments 2024-08-31 10619373 d:CurrentFinancialInstruments 2023-08-31 10619373 d:Non-currentFinancialInstruments 2024-08-31 10619373 d:Non-currentFinancialInstruments 2023-08-31 10619373 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10619373 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10619373 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10619373 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10619373 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 10619373 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10619373 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 10619373 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 10619373 d:ShareCapital 2023-09-01 2024-08-31 10619373 d:ShareCapital 2024-08-31 10619373 d:ShareCapital 2023-08-31 10619373 d:InvestmentPropertiesRevaluationReserve 2023-09-01 2024-08-31 10619373 d:InvestmentPropertiesRevaluationReserve 2024-08-31 10619373 d:InvestmentPropertiesRevaluationReserve 2023-08-31 10619373 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 10619373 d:RetainedEarningsAccumulatedLosses 2024-08-31 10619373 d:RetainedEarningsAccumulatedLosses 2023-08-31 10619373 c:FRS102 2023-09-01 2024-08-31 10619373 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10619373 c:FullAccounts 2023-09-01 2024-08-31 10619373 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10619373 2 2023-09-01 2024-08-31 10619373 6 2023-09-01 2024-08-31 10619373 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 10619373







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


TUTOR PROPERTIES LIMITED






































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TUTOR PROPERTIES LIMITED
 


 
COMPANY INFORMATION


Director
J E Ouston 




Registered number
10619373



Registered office
49 Sandhurst Road

Crowthorne

Berkshire

RG45 7HY




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


TUTOR PROPERTIES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 7


 


TUTOR PROPERTIES LIMITED
REGISTERED NUMBER:10619373



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
448
448

Investment property
 5 
4,592,752
4,569,672

  
4,593,200
4,570,120

Current assets
  

Debtors: amounts falling due within one year
 6 
52,491
26,340

Cash at bank and in hand
  
121,638
33,712

  
174,129
60,052

Creditors: amounts falling due within one year
 7 
(1,373,974)
(1,389,761)

Net current liabilities
  
 
 
(1,199,845)
 
 
(1,329,709)

Total assets less current liabilities
  
3,393,355
3,240,411

Creditors: amounts falling due after more than one year
 8 
(742,212)
(786,431)

Provisions for liabilities
  

Deferred tax
  
(407,531)
(407,531)

  
 
 
(407,531)
 
 
(407,531)

Net assets
  
2,243,612
2,046,449


Capital and reserves
  

Called up share capital 
  
1,448
1,448

Investment property reserve
  
1,222,594
1,222,594

Profit and loss account
  
1,019,570
822,407

  
2,243,612
2,046,449


Page 1

 


TUTOR PROPERTIES LIMITED
REGISTERED NUMBER:10619373


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
J E Ouston
Director

Date: 8 May 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 


TUTOR PROPERTIES LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2023
1,448
1,222,594
822,407
2,046,449


Comprehensive income for the year

Profit for the year
-
-
197,663
197,663
Total comprehensive income for the year
-
-
197,663
197,663


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(500)
(500)


At 31 August 2024
1,448
1,222,594
1,019,570
2,243,612


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 


TUTOR PROPERTIES LIMITED
 


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

1.


General information

Tutor Properties Limited  is a private company limited by shares incorporated in England. The address of the registered office and principal place of business is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 


TUTOR PROPERTIES LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director 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. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
448



At 31 August 2024
448




Page 5

 


TUTOR PROPERTIES LIMITED
 


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

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
4,569,672


Additions at cost
23,080



At 31 August 2024
4,592,752

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
£

Revaluation reserves


At 1 September 2023
1,222,594





6.


Debtors

2024
2023
£
£


Trade debtors
20,400
20,400

Amounts owed by group undertakings
21,199
-

Prepayments and accrued income
10,892
5,940

52,491
26,340


Page 6

 


TUTOR PROPERTIES LIMITED
 


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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
35,652
35,652

Trade creditors
2,014
35,411

Corporation tax
35,316
18,759

Other taxation and social security
8,299
2,791

Other creditors
1,266,323
1,271,323

Accruals and deferred income
26,370
25,825

1,373,974
1,389,761


The mortgage is secured via a charge over the freehold property owned by the company.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
742,212
786,431

742,212
786,431



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
35,652
35,652


Amounts falling due 2-5 years

Bank loans
142,611
142,611

Amounts falling due after more than 5 years

Bank loans
599,601
643,820

777,864
822,083



10.


Related party transactions

Within other creditors there is a balance due to the director of £372,020 (2023: £373,020), which is interest free and  payable on demand.

 
Page 7