T C D Estates Limited 07737273 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is property development and management Digita Accounts Production Advanced 6.30.9574.0 true 07737273 2023-09-01 2024-08-31 07737273 2024-08-31 07737273 bus:Director1 1 2024-08-31 07737273 bus:Director3 1 2024-08-31 07737273 core:RetainedEarningsAccumulatedLosses 2024-08-31 07737273 core:ShareCapital 2024-08-31 07737273 core:CurrentFinancialInstruments 2024-08-31 07737273 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07737273 core:FurnitureFittingsToolsEquipment 2024-08-31 07737273 bus:SmallEntities 2023-09-01 2024-08-31 07737273 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07737273 bus:FilletedAccounts 2023-09-01 2024-08-31 07737273 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07737273 bus:RegisteredOffice 2023-09-01 2024-08-31 07737273 bus:Director1 2023-09-01 2024-08-31 07737273 bus:Director1 1 2023-09-01 2024-08-31 07737273 bus:Director3 2023-09-01 2024-08-31 07737273 bus:Director3 1 2023-09-01 2024-08-31 07737273 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07737273 bus:Agent1 2023-09-01 2024-08-31 07737273 core:FurnitureFittings 2023-09-01 2024-08-31 07737273 countries:EnglandWales 2023-09-01 2024-08-31 07737273 2023-08-31 07737273 bus:Director1 1 2023-08-31 07737273 bus:Director3 1 2023-08-31 07737273 core:FurnitureFittingsToolsEquipment 2023-08-31 07737273 2022-09-01 2023-08-31 07737273 2023-08-31 07737273 bus:Director1 1 2023-08-31 07737273 bus:Director3 1 2023-08-31 07737273 core:RetainedEarningsAccumulatedLosses 2023-08-31 07737273 core:ShareCapital 2023-08-31 07737273 core:CurrentFinancialInstruments 2023-08-31 07737273 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07737273 bus:Director1 1 2022-09-01 2023-08-31 07737273 bus:Director3 1 2022-09-01 2023-08-31 07737273 bus:Director1 1 2022-08-31 07737273 bus:Director3 1 2022-08-31 iso4217:GBP xbrli:pure

REGISTRAR OF COMPANIES

Registration number: 07737273

T C D Estates Limited

Unaudited Financial Statements

31 August 2024

image-name

 

T C D Estates Limited

Contents

Accountants' Report

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

4

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
T C D Estates Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of T C D Estates Limited for the year ended 31 August 2024 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of T C D Estates Limited, as a body, in accordance with the terms of our engagement letter dated 7 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of T C D Estates Limited and state those matters that we have agreed to state to the Board of Directors of T C D Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T C D Estates Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that T C D Estates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of T C D Estates Limited. You consider that T C D Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of T C D Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
Clint Mill
Cornmarket
PENRITH
CA11 7HW

27 May 2025

 

T C D Estates Limited

(Registration number: 07737273)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

1,105,640

1,266,911

Cash at bank and in hand

 

129,310

64,314

 

1,234,950

1,331,225

Creditors: Amounts falling due within one year

6

(1,234,806)

(1,244,242)

Net assets

 

144

86,983

Capital and reserves

 

Allotted, called up and fully paid share capital

24

24

Profit and loss account

120

86,959

Total equity

 

144

86,983

 

T C D Estates Limited

(Registration number: 07737273)
Balance Sheet as at 31 August 2024 (continued)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 May 2025
 

.........................................

J E Taylor

Director

 

T C D Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clint Mill
Cornmarket
PENRITH
Cumbria
CA11 7HW
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

T C D Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and office equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

T C D Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Furniture, fittings and office equipment
 £

Total
£

Cost or valuation

At 1 September 2023

780

780

At 31 August 2024

780

780

Depreciation

At 1 September 2023

780

780

At 31 August 2024

780

780

Carrying amount

At 31 August 2024

-

-

5

Debtors

2024
£

2023
£

Trade debtors

126,929

-

Other debtors

978,711

1,266,911

1,105,640

1,266,911

6

Creditors

2024
£

2023
£

Due within one year

 

Trade creditors

 

577,346

685,904

Taxation and social security

 

13,761

-

Corporation tax liability

 

-

1,848

Other creditors

 

643,699

556,490

 

1,234,806

1,244,242

 

T C D Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

7

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 31 August 2024
£

J E Taylor

Loan

607,756

20,000

(100,633)

-

(90,200)

12,169

449,092

               
         

J Davies

Loan

1,724

-

-

-

(1,747)

23

-

               
         

 

2023

At 1 September 2022
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 31 August 2023
£

J E Taylor

Loan

773,885

52,800

(144,360)

-

(90,200)

15,631

607,756

               
         

J Davies

Loan

174,488

-

(174,488)

-

-

1,724

1,724

               
         

 

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2.25% (2023 - 2/2.25%) on advances to directors over £10,000.