Company Registration No. 03561148 (England and Wales)
TUFTEX PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 December 2024
TUFTEX PROPERTIES LIMITED
Unaudited accounts
Contents
TUFTEX PROPERTIES LIMITED
Company Information
for the year ended 31 December 2024
Company Number
03561148 (England and Wales)
Registered Office
Albion Buildings
Attleborough Road
Nuneaton
Warwickshire
CV11 4JJ
United Kingdom
Accountants
Mehta Financial Consultants Limited
Chartered Certified Accountants
100 Park Crescent
Harrow
Middlesex
HA3 6ET
TUFTEX PROPERTIES LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
315,749
308,438
Cash at bank and in hand
102
94
Creditors: amounts falling due within one year
(171,151)
(158,315)
Net current liabilities
(171,049)
(158,221)
Net assets
153,650
159,167
Called up share capital
8,950
8,950
Profit and loss account
144,700
150,217
Shareholders' funds
153,650
159,167
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 May 2025 and were signed on its behalf by
S N Robinson
Director
Company Registration No. 03561148
TUFTEX PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
TUFTEX PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03561148. The registered office is Albion Buildings, Attleborough Road, Nuneaton, Warwickshire, CV11 4JJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost per annum
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group.
The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
Fixed asset investments are stated at cost less provision for diminution in value.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
TUFTEX PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Total
At 31 December 2024
417,042
At 31 December 2024
101,293
At 31 December 2024
315,749
At 31 December 2023
308,438
5
Transactions with related parties
Tuftex Properties owns 100% shares in Phillips Tuftex Ltd (Subsidiary). The aggregate amount of capital and reserves was £1,077,467 and the results of these undertakings for the last relevant financial year was £: £30,234.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).