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Registered number: 11242739
TMJR Property Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
Optimise Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11242739
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141 176
Investment Properties 5 805,583 796,629
805,724 796,805
CURRENT ASSETS
Debtors 6 491 417
Cash at bank and in hand 26,389 50,526
26,880 50,943
Creditors: Amounts Falling Due Within One Year 7 (86,061 ) (2,111 )
NET CURRENT ASSETS (LIABILITIES) (59,181 ) 48,832
TOTAL ASSETS LESS CURRENT LIABILITIES 746,543 845,637
Creditors: Amounts Falling Due After More Than One Year 8 (575,135 ) (653,939 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,855 ) (34,855 )
NET ASSETS 136,553 156,843
CAPITAL AND RESERVES
Called up share capital 9 120 120
Fair value reserve 10 21,060 21,060
Profit and Loss Account 115,373 135,663
SHAREHOLDERS' FUNDS 136,553 156,843
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James McDonald
Director
01/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TMJR Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11242739 . The registered office is Bramley House 2a, Office 15 Bramley Road, Long Eaton, Nottingham, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% Reducing balance method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 220
As at 31 May 2025 220
Depreciation
As at 1 June 2024 44
Provided during the period 35
As at 31 May 2025 79
Net Book Value
As at 31 May 2025 141
As at 1 June 2024 176
5. Investment Property
2025
£
Fair Value
As at 1 June 2024 796,629
Additions 8,954
As at 31 May 2025 805,583
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 491 417
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Directors' loan accounts 86,061 2,111
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Kent reliance mortgage 164,268 159,507
Paragon mortgage 89,342 89,342
The mortgage works 83,995 84,932
Other loan 35,000 35,000
Aldermore mortgage 202,530 202,540
Directors loan account - 82,618
575,135 653,939
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 120 120
10. Reserves
Fair Value Reserve
£
As at 1 June 2024 21,060
As at 31 May 2025 21,060
11. Ultimate Controlling Party
There is no ultimate controlling party due to the shares being held in equal proportions.
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