BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Other letting and operating of own or leased real estate 26 June 2025 1 1 NI606694 2024-09-30 NI606694 2023-09-30 NI606694 2022-09-30 NI606694 2023-10-01 2024-09-30 NI606694 2022-10-01 2023-09-30 NI606694 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI606694 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI606694 uk-bus:AbridgedAccounts 2023-10-01 2024-09-30 NI606694 uk-core:ShareCapital 2024-09-30 NI606694 uk-core:ShareCapital 2023-09-30 NI606694 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI606694 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI606694 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI606694 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI606694 uk-bus:FRS102 2023-10-01 2024-09-30 NI606694 2023-10-01 2024-09-30 NI606694 uk-bus:Director1 2023-10-01 2024-09-30 NI606694 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI606694
 
 
Tally Properties Limited
 
ABRIDGED UNAUDITED FINANCIAL STATEMENTS
 
for the financial year ended 30 September 2024
TALLY PROPERTIES LIMITED
Company Registration Number: NI606694
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 30 September 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 6,762,460 6,762,460
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Current Assets
Debtors 78,660 78,660
Cash and cash equivalents 374,775 321,169
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453,435 399,829
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Creditors: amounts falling due within one year (908,262) (823,670)
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Net Current Liabilities (454,827) (423,841)
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Total Assets less Current Liabilities 6,307,633 6,338,619
 
Creditors:
amounts falling due after more than one year (3,357,797) (3,512,315)
───────── ─────────
Net Assets 2,949,836 2,826,304
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Capital and Reserves
Called up share capital 100 100
Retained earnings 2,949,736 2,826,204
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Shareholders' Funds 2,949,836 2,826,304
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Director's Report.
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 26 June 2025
           
           
Michael Heaney          
Director          
           



TALLY PROPERTIES LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

   
1. General Information
 
Tally Properties Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI606694. The registered office of the company is 43 Clarendon Street, Derry, Derry, BT48 7ER, United Kingdom. Other letting and operating of own or leased real estate The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Investment properties
Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Abridged Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Abridged Income Statement.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2023 - 1).
 
  2024 2023
  Number Number
 
Total 1 1
  ═════════ ═════════
       
4. Property, plant and equipment
  Investment Total
  properties  
     
  £ £
Cost
At 1 October 2023 6,762,460 6,762,460
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At 30 September 2024 6,762,460 6,762,460
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Depreciation
At 1 October 2023 - -
  ───────── ─────────
At 30 September 2024 - -
  ───────── ─────────
Net book value
At 30 September 2024 6,762,460 6,762,460
  ═════════ ═════════
At 30 September 2023 6,762,460 6,762,460
  ═════════ ═════════