Tillford Investment Ltd Filleted Accounts Cover
Tillford Investment Ltd
Company No. 13590983
Information for Filing with The Registrar
31 August 2024
Tillford Investment Ltd Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 August 2024.
Principal activities
The principal activity of the company during the year under review was letting of accomodation.
Director
The Director who served at any time during the year was as follows:
K. Ford
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
K. Ford
Director
12 May 2025
Tillford Investment Ltd Balance Sheet Registrar
at
31 August 2024
Company No.
13590983
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,5961,878
Investment property
5
170,000170,000
171,596171,878
Current assets
Debtors
6
-798
Cash at bank and in hand
5,5591,628
5,5592,426
Creditors: Amount falling due within one year
7
(35,669)
(140,670)
Net current liabilities
(30,110)
(138,244)
Total assets less current liabilities
141,48633,634
Creditors: Amounts falling due after more than one year
8
(114,238)
-
Provisions for liabilities
Deferred taxation
(8,009)
(8,408)
Net assets
19,23925,226
Capital and reserves
Called up share capital
44
Fair value reserve
10
26,73026,730
Profit and loss account
10
(7,495)
(1,508)
Total equity
19,23925,226
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 12 May 2025 and signed on its behalf by:
K. Ford
Director
12 May 2025
Tillford Investment Ltd Notes to the Accounts Registrar
for the year ended 31 August 2024
1
General information
Tillford Investment Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13590983
Its registered office is:
29 Station Road
Hopton On Sea
Great Yarmouth
Norfolk
NR31 9BH
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
15% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the fair value reserve.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
14
4
Tangible fixed assets
Motor vehicles
Total
£
£
Cost or revaluation
At 1 September 2023
2,6002,600
At 31 August 2024
2,6002,600
Depreciation
At 1 September 2023
722722
Charge for the year
282282
At 31 August 2024
1,0041,004
Net book values
At 31 August 2024
1,5961,596
At 31 August 2023
1,878
1,878
5
Investment property
Freehold Investment Property
£
Valuation
At 1 September 2023
134,360
Revaluation
35,640
At 31 August 2024
170,000
Mr K Ford, director, provided the valuation on 9th May 2025
6
Debtors
2024
2023
£
£
Prepayments and accrued income
-798
-798
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
34,106139,106
Other creditors
850850
Accruals and deferred income
713714
35,669140,670
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
114,238-
114,238-
9
Share Capital
The company has 4 £1 ordinary shares in issue, which are fully paid up at par.
10
Reserves
Fair value Reserve
Total other reserves
£
£
At 1 September 2022
24,677
24,677
Movement on fair value reserve
2,737
2,737
Deferred taxation
(684)
(684)
At 31 August 2023 and 1 September 2023
26,730
26,730
At 31 August 2024
26,73026,730
Fair value reserve - reflects the revaluation of property other than investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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