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REGISTERED NUMBER: 14240700 (England and Wales)

















TXP HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






TXP HOMES LIMITED (REGISTERED NUMBER: 14240700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TXP HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Dr J M Sanz
P Geary





REGISTERED OFFICE: 1 Beaufront Terrace
West Boldon
East Boldon
United Kingdom
NE36 0PN





REGISTERED NUMBER: 14240700 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

TXP HOMES LIMITED (REGISTERED NUMBER: 14240700)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 260,000 244,784

CURRENT ASSETS
Debtors 5 117,845 70,761
Cash at bank 2,149 11,970
119,994 82,731
CREDITORS
Amounts falling due within one year 6 236,574 199,882
NET CURRENT LIABILITIES (116,580 ) (117,151 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,420

127,633

CREDITORS
Amounts falling due after more than one
year

7

(146,727

)

(146,706

)

PROVISIONS FOR LIABILITIES (2,891 ) -
NET LIABILITIES (6,198 ) (19,073 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,298 ) (19,173 )
(6,198 ) (19,073 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

TXP HOMES LIMITED (REGISTERED NUMBER: 14240700)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





P Geary - Director


TXP HOMES LIMITED (REGISTERED NUMBER: 14240700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Txp Homes 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.

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.

Going concern
These financial statements have been prepared on a going concern basis on the assumption that the directors will continue to financially support the company for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the directors' opinion, there are no significant judgements or key sources of estimation uncertainty.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, 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 the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.


TXP HOMES LIMITED (REGISTERED NUMBER: 14240700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 244,784
Revaluations 15,216
At 30 September 2024 260,000
NET BOOK VALUE
At 30 September 2024 260,000
At 30 September 2023 244,784

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 15,216
Cost 244,784
260,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 117,845 70,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 19,000 19,000
Other creditors 217,574 180,882
236,574 199,882

TXP HOMES LIMITED (REGISTERED NUMBER: 14240700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 146,727 146,706

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 146,727 146,706

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

2024 2023
£    £   
P Geary
Balance outstanding at start of year (81,127 ) -
Amounts advanced - 50
Amounts repaid (18,382 ) (81,177 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (99,509 ) (81,127 )

Dr J M Sanz
Balance outstanding at start of year (99,755 ) -
Amounts advanced - 50
Amounts repaid (18,310 ) (99,805 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (118,065 ) (99,755 )

10. RELATED PARTY DISCLOSURES

Geary Homes Limited
A company in which P Geary is a director.

At the year end, the amount owed to the related party was £19,000.