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REGISTERED NUMBER: 02942952 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

T.I.M. CO. (TRADING) LTD

T.I.M. CO. (TRADING) LTD (REGISTERED NUMBER: 02942952)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T.I.M. CO. (TRADING) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: T S Greenwood
C T Greenwood
Ms C J Greenwood





REGISTERED OFFICE: Apartment 9
634 Wilmslow Road
Didsbury
MANCHESTER
M20 3QR





REGISTERED NUMBER: 02942952 (England and Wales)





ACCOUNTANTS: Chandley Robinson Limited
Chartered Accountants
8A Manor Close
Cheadle Hulme
CHEADLE
Cheshire
SK8 7DJ

T.I.M. CO. (TRADING) LTD (REGISTERED NUMBER: 02942952)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,600 14,400
Investment property 5 9,703,077 9,047,780
9,712,677 9,062,180

CURRENT ASSETS
Debtors 6 - 15,991
Investments 7 275,381 78,808
Cash at bank 23,593 130,274
298,974 225,073
CREDITORS
Amounts falling due within one year 8 5,768,119 7,113,820
NET CURRENT LIABILITIES (5,469,145 ) (6,888,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,243,532

2,173,433

CREDITORS
Amounts falling due after more than one
year

9

(3,149,096

)

(1,607,750

)

PROVISIONS FOR LIABILITIES (265,115 ) (128,095 )
NET ASSETS 829,321 437,588

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 11 795,346 384,286
Retained earnings 33,973 53,300
SHAREHOLDERS' FUNDS 829,321 437,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

T.I.M. CO. (TRADING) LTD (REGISTERED NUMBER: 02942952)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2024


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 Board of Directors and authorised for issue on 13th June 2025 and were signed on its behalf by:





T S Greenwood - Director


T.I.M. CO. (TRADING) LTD (REGISTERED NUMBER: 02942952)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

T.I.M. Co. (Trading) Ltd 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on open market value. Gains and losses arising from changes in the fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

T.I.M. CO. (TRADING) LTD (REGISTERED NUMBER: 02942952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st January 2024
and 31st December 2024 24,000
DEPRECIATION
At 1st January 2024 9,600
Charge for year 4,800
At 31st December 2024 14,400
NET BOOK VALUE
At 31st December 2024 9,600
At 31st December 2023 14,400

5. INVESTMENT PROPERTY

The director has calculated the current fair market value of the properties, based upon the investment yield, and is satisfied that this reflects that market value.

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2019 (112,183 )
Valuation in 2020 259,673
Valuation in 2021 51,883
Valuation in 2022 203,629
Valuation in 2023 109,380
Valuation in 2024 548,080
Cost 8,642,615
9,703,077

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates - 6,157
Other debtors - 9,834
- 15,991

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other investments 275,381 78,808

The value of the investments at the year end was £310,800.

T.I.M. CO. (TRADING) LTD (REGISTERED NUMBER: 02942952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,550,000
Amounts owed to associates 166,282 -
Taxation and social security 139,442 98,525
Other creditors 5,462,395 5,465,295
5,768,119 7,113,820

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,149,096 1,607,750

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 282,750 282,750

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,149,096 3,157,750

The bank loans are secured on the the company's Investment property.

11. RESERVES
Fair
value
reserve
£   
At 1st January 2024 384,286
Fair value revaluation 411,060

At 31st December 2024 795,346

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the financial year end the directors' current accounts were £5,461,045 (2023 -£5,464,095) in credit. Which are repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £436,000 (2023 - £320,000) were paid to the directors .

T.I.M. CO. (TRADING) LTD (REGISTERED NUMBER: 02942952)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


13. RELATED PARTY DISCLOSURES - continued

The associated company is T.I.M. Co. (Didsbury) Limited in which Mr T S Greenwood is the majority shareholder.

During the year the company had the following transactions with the associated company:

It collected and retained rents on our behalf.

A Management fee of £75,000 (2023 - £60,000), was charged, to it, for this.

At the year end the associated company owed £166,284 (2023 -£6,157 owed by the associated company) to the company.