Company Registration No. 12611187 (England and Wales)
T&T Assets Ltd
Unaudited accounts
for the year ended 31 May 2024
T&T Assets Ltd
Unaudited accounts
Contents
T&T Assets Ltd
Company Information
for the year ended 31 May 2024
Director
Peter William Tredger
Company Number
12611187 (England and Wales)
Registered Office
7a Market Street
Loughborough
Leicestershire
LE11 3EP
England
T&T Assets Ltd
Statement of financial position
as at 31 May 2024
Investment property
1,343,628
275,929
Cash at bank and in hand
12,591
69
Creditors: amounts falling due within one year
(337,628)
(150,433)
Net current liabilities
(287,183)
(150,364)
Total assets less current liabilities
1,065,784
125,565
Creditors: amounts falling due after more than one year
(725,933)
(79,170)
Called up share capital
10
10
Revaluation reserve
366,330
28,692
Profit and loss account
(26,489)
17,693
Shareholders' funds
339,851
46,395
For the year ending 31 May 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.
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 30 May 2025 and were signed on its behalf by
Carl Tranter
Director
Company Registration No. 12611187
T&T Assets Ltd
Notes to the Accounts
for the year ended 31 May 2024
T&T Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 12611187. The registered office is 7a Market Street, Loughborough, Leicestershire, LE11 3EP, England.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 31 May 2024
379
8,960
9,339
At 31 May 2024
379
8,960
9,339
Fair value at 1 June 2023
275,929
Net gain from fair value adjustments
453,709
T&T Assets Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
238,079
56,624
Loans from directors
98,169
92,429
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).