Registered number
00842715
Albert Tatman Limited
Filleted Accounts
31 August 2024
Albert Tatman Limited
Registered number: 00842715
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,417,034 2,053,665
Current assets
Cash at bank and in hand 1,764,986 2,108,378
Creditors: amounts falling due within one year 4 (23,597) (224,704)
Net current assets 1,741,389 1,883,674
Total assets less current liabilities 4,158,423 3,937,339
Deferred taxation (449,091) (430,000)
Net assets 3,709,332 3,507,339
Capital and reserves
Called up share capital 640 640
Capital redemption reserve 160 160
Profit and loss account - not distributable 1,574,558 1,383,649
Profit and loss account 2,133,974 2,122,890
Shareholders' funds 3,709,332 3,507,339
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.
Mr C D Olivares-Alvarez
Director
Approved by the board on 27 May 2025
Albert Tatman Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets 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 comprises of revenue earned from letting commercial and residential properties. Letting income is recognised when the rent becomes due and payable.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumyulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.
Fixtures, fittings, tools and equipment is depreciated at the rate iof 15% on the reducing balance basis.
Leasehold improvement is depreciated at the rate iof 15% on a straight line basis.
Investment properties
Investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is at the rate expected to apply when the properties are sold.
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.Deferred tax in respect of revalued land and investment property is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
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
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Leasehold improvement Total
£ £ £ £
Cost
At 1 September 2023 2,050,413 10,764 3,667 2,064,844
Additions 133,636 4,750 18,725 157,111
Surplus on revaluation 210,000 - - 210,000
At 31 August 2024 2,394,049 15,514 22,392 2,431,955
Depreciation
At 1 September 2023 - 10,629 550 11,179
Charge for the year - 1,558 2,184 3,742
At 31 August 2024 - 12,187 2,734 14,921
Net book value
At 31 August 2024 2,394,049 3,327 19,658 2,417,034
At 31 August 2023 2,050,413 135 3,117 2,053,665
Freehold land and buildings: 2024 2023
£ £
Historical cost 55,440 101,700
Cumulative depreciation based on historical cost - -
55,440 101,700
The freehold properties were revalued by the directors at fair value. The resultant increase in the valuationis included in the statement of changes in equity.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,290 8,171
Corporation tax 2,396 200,538
Other taxes and social security costs 184 191
Other creditors and deposits 12,727 15,804
23,597 224,704
5 Other information
Albert Tatman Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Rancliffe Road
East Ham
London
E6 3HN
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