2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-06 Sage Accounts Production Advanced 2024 - FRS102_2024 1,146,500 220,000 926,500 926,500 1,146,500 1 1 1 xbrli:pure xbrli:shares iso4217:GBP 00633831 2024-04-06 2025-04-05 00633831 2025-04-05 00633831 2024-04-05 00633831 2023-04-06 2024-04-05 00633831 2024-04-05 00633831 2023-04-05 00633831 bus:RegisteredOffice 2024-04-06 2025-04-05 00633831 bus:LeadAgentIfApplicable 2024-04-06 2025-04-05 00633831 bus:Director1 2024-04-06 2025-04-05 00633831 bus:Director4 2024-04-06 2025-04-05 00633831 bus:CompanySecretary1 2024-04-06 2025-04-05 00633831 core:WithinOneYear 2025-04-05 00633831 core:WithinOneYear 2024-04-05 00633831 core:ShareCapital 2025-04-05 00633831 core:ShareCapital 2024-04-05 00633831 core:OtherReservesSubtotal 2025-04-05 00633831 core:OtherReservesSubtotal 2024-04-05 00633831 core:RetainedEarningsAccumulatedLosses 2025-04-05 00633831 core:RetainedEarningsAccumulatedLosses 2024-04-05 00633831 core:CostValuation core:Non-currentFinancialInstruments 2025-04-05 00633831 core:Non-currentFinancialInstruments 2025-04-05 00633831 core:Non-currentFinancialInstruments 2024-04-05 00633831 bus:SmallEntities 2024-04-06 2025-04-05 00633831 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-05 00633831 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-05 00633831 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-05 00633831 bus:FullAccounts 2024-04-06 2025-04-05 00633831 core:InvestmentPropertyIncludedWithinPPE 2024-04-05 00633831 core:InvestmentPropertyIncludedWithinPPE 2024-04-06 2025-04-05 00633831 core:InvestmentPropertyIncludedWithinPPE 2025-04-05
COMPANY REGISTRATION NUMBER: 00633831
R.C.TANN (PROPERTIES) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
5 April 2025
R.C.TANN (PROPERTIES) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
CONTENTS
PAGES
Officers and professional advisers
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 7
R.C.TANN (PROPERTIES) LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
THE BOARD OF DIRECTORS
Mr C C Tann
Mrs E Tann
COMPANY SECRETARY
Mrs E Tann
REGISTERED OFFICE
Headlands House 1 Kings Court
Kettering Parkway
Kettering
Northamptonshire
England
NN15 6WJ
ACCOUNTANTS
Meadows & Co Limited
Chartered Accountants
Headlands House
1 Kings Court
Kettering Parkway
Kettering
NN15 6WJ
BANKERS
National Westminster
40 Market Street
Wellingborough
Northants
NN8 1AD
R.C.TANN (PROPERTIES) LIMITED
STATEMENT OF FINANCIAL POSITION
5 April 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
926,500
1,146,500
Investments
6
1
1
---------
------------
926,501
1,146,501
CURRENT ASSETS
Debtors
7
250
2,320
Cash at bank and in hand
284,005
38,976
---------
--------
284,255
41,296
CREDITORS: amounts falling due within one year
8
31,643
6,560
---------
--------
NET CURRENT ASSETS
252,612
34,736
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,179,113
1,181,237
PROVISIONS
( 142,188)
( 165,503)
------------
------------
NET ASSETS
1,036,925
1,015,734
------------
------------
CAPITAL AND RESERVES
Called up share capital fully paid
201
201
Non-distributable reserves
754,097
834,251
Profit and loss account
282,627
181,282
------------
------------
SHAREHOLDERS FUNDS
1,036,925
1,015,734
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
R.C.TANN (PROPERTIES) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
5 April 2025
These financial statements were approved by the board of directors and authorised for issue on 30 June 2025 , and are signed on behalf of the board by:
Mr C C Tann
Director
Company registration number: 00633831
R.C.TANN (PROPERTIES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents the rental income receivable for the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. TANGIBLE ASSETS
Investment properties
£
Cost
At 6 April 2024
1,146,500
Disposals
( 220,000)
------------
At 5 April 2025
926,500
------------
Depreciation
At 6 April 2024 and 5 April 2025
------------
Carrying amount
At 5 April 2025
926,500
------------
At 5 April 2024
1,146,500
------------
The investment properties were revalued by appropriately qualified professionals as at 8 May 2022. The directors also consider the valuation to be appropriate as at 5 April 2025.
2025
£
At cost 30,215
At valuation
1999 and earlier 176,501
2004 110,185
2007 50,000
2008 51,215
2009 58,884
2011 74,000
2017 205,000
2022 170,500
---------
926,500
---------
6. INVESTMENTS
Other investments other than loans
£
Cost
At 6 April 2024 and 5 April 2025
1
----
Impairment
At 6 April 2024 and 5 April 2025
----
Carrying amount
At 5 April 2025
1
----
At 5 April 2024
1
----
7. DEBTORS
2025
2024
£
£
Other debtors
250
2,320
----
-------
8. CREDITORS: amounts falling due within one year
2025
2024
£
£
Corporation tax
25,758
Social security and other taxes
203
Other creditors
5,885
6,357
--------
-------
31,643
6,560
--------
-------