IRIS Accounts Production v25.1.3.33 13004255 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130042552023-12-31130042552024-12-31130042552024-01-012024-12-31130042552022-12-31130042552023-01-012023-12-31130042552023-12-3113004255ns15:EnglandWales2024-01-012024-12-3113004255ns14:PoundSterling2024-01-012024-12-3113004255ns10:Director12024-01-012024-12-3113004255ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3113004255ns10:SmallEntities2024-01-012024-12-3113004255ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3113004255ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3113004255ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3113004255ns10:FullAccounts2024-01-012024-12-3113004255ns10:Director22024-01-012024-12-3113004255ns10:RegisteredOffice2024-01-012024-12-3113004255ns5:CurrentFinancialInstruments2024-12-3113004255ns5:CurrentFinancialInstruments2023-12-3113004255ns5:Non-currentFinancialInstruments2024-12-3113004255ns5:Non-currentFinancialInstruments2023-12-3113004255ns5:ShareCapital2024-12-3113004255ns5:ShareCapital2023-12-3113004255ns5:RetainedEarningsAccumulatedLosses2024-12-3113004255ns5:RetainedEarningsAccumulatedLosses2023-12-3113004255ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3113004255ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 13004255 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TG PROPERTIES (EASTHORPE) LIMITED

TG PROPERTIES (EASTHORPE) LIMITED (REGISTERED NUMBER: 13004255)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TG PROPERTIES (EASTHORPE) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: J B Talbot
J E Talbot





REGISTERED OFFICE: Unit 2 Charnwood Edge Business Park
Syston Road
Cossington
Leicestershire
LE7 4UZ





REGISTERED NUMBER: 13004255 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

TG PROPERTIES (EASTHORPE) LIMITED (REGISTERED NUMBER: 13004255)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 1,160,294 775,219
Debtors 4 1,273 2,122
Cash at bank 18,374 33,689
1,179,941 811,030
CREDITORS
Amounts falling due within one year 5 (548,430 ) (175,046 )
NET CURRENT ASSETS 631,511 635,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

631,511

635,984

CREDITORS
Amounts falling due after more than one
year

6

(649,950

)

(649,950

)
NET LIABILITIES (18,439 ) (13,966 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (18,441 ) (13,968 )
(18,439 ) (13,966 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 14 June 2025 and were signed on its behalf by:





J B Talbot - Director


TG PROPERTIES (EASTHORPE) LIMITED (REGISTERED NUMBER: 13004255)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

TG Properties (Easthorpe) Limited is a limited company, registered in England and Wales. Its registered office address is Unit 2, Charnwood Edge Business Park, Syston Road, Cossington, Leicestershire, LE7 4UZ registered number is 13004255.

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 presentation currency of the financial statements is Pounds Sterling (£) and the figures are round to the nearest £1.

Going concern
At the year end the company had net current assets of £631,706 (2023: £635,984) and net liabilities of £18,244 (2023: £13,966). The director has considered this and prepared the financial statements on a going concern basis. The director has confirmed that they will continue to support the company financially for the foreseeable future.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


TG PROPERTIES (EASTHORPE) LIMITED (REGISTERED NUMBER: 13004255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,273 2,122

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,170 -
Other creditors 547,260 175,046
548,430 175,046

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 649,950 649,950