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REGISTERED NUMBER: 14298419 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST SEPTEMBER 2023 TO 30TH SEPTEMBER 2024

FOR

TUNSTALL LIBRARY DEVELOPMENTS LIMITED

TUNSTALL LIBRARY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14298419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 30TH SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TUNSTALL LIBRARY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 30TH SEPTEMBER 2024







DIRECTOR: W S Yu





REGISTERED OFFICE: Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA





REGISTERED NUMBER: 14298419 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

TUNSTALL LIBRARY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14298419)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 698 1,087
Investment property 5 302,386 205,148
303,084 206,235

CURRENT ASSETS
Debtors 6 95,718 21,536
Prepayments and accrued income 174 15,420
Cash at bank 32,258 614
128,150 37,570
CREDITORS
Amounts falling due within one year 7 444,923 109,804
NET CURRENT LIABILITIES (316,773 ) (72,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,689

)

134,001

CREDITORS
Amounts falling due after more than one
year

8

-

(150,847

)

ACCRUALS AND DEFERRED INCOME (3,775 ) (618 )
NET LIABILITIES (17,464 ) (17,464 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (18,464 ) (18,464 )
(17,464 ) (17,464 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th June 2025 and were signed by:



W S Yu - Director


TUNSTALL LIBRARY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14298419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Tunstall Library Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Government grants
Grants received from the government are recognised at their fair value where there is reasonable assurance that the grant will be received and the company will comply with the attached conditions. Government grants relating to costs are deferred and release in the period necessary to match with the costs intended to compensate.

Investment property
Land and buildings are carried at their revalued amounts, being fair value at the date of valuation less impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period.

Any fair value increase/decrease in the carrying amount of land and buildings is recognised in the profit and loss and a transfer is then made to a non distributable fair value reserve in equity.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

TUNSTALL LIBRARY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14298419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st September 2023
and 30th September 2024 1,150
DEPRECIATION
At 1st September 2023 63
Charge for period 389
At 30th September 2024 452
NET BOOK VALUE
At 30th September 2024 698
At 31st August 2023 1,087

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023 205,148
Additions 97,238
At 30th September 2024 302,386
NET BOOK VALUE
At 30th September 2024 302,386
At 31st August 2023 205,148

TUNSTALL LIBRARY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14298419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST SEPTEMBER 2023 TO 30TH SEPTEMBER 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 150 150
VAT 1,299 21,386
1,449 21,536

Amounts falling due after more than one year:
Amounts owed by group undertakings 94,269 -

Aggregate amounts 95,718 21,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 179,621 88,229
Social security and other taxes 17,486 -
Other creditors 183,706 -
Directors' current accounts 64,110 21,575
444,923 109,804

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 150,847

9. RELATED PARTY DISCLOSURES

The company owes £150,847 to Tunstall Library UK Limited and there is a Debenture secured on the assets of the company.