Caseware UK (AP4) 2024.0.164 2024.0.164 2025-04-302025-04-30falsefalse162024-05-01The principal activity of the company during the year was that of property lettings and sales.16truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07535939 2024-05-01 2025-04-30 07535939 2023-05-01 2024-04-30 07535939 2025-04-30 07535939 2024-04-30 07535939 2023-05-01 07535939 c:Director2 2024-05-01 2025-04-30 07535939 d:MotorVehicles 2024-05-01 2025-04-30 07535939 d:MotorVehicles 2025-04-30 07535939 d:MotorVehicles 2024-04-30 07535939 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 07535939 d:FurnitureFittings 2024-05-01 2025-04-30 07535939 d:FurnitureFittings 2025-04-30 07535939 d:FurnitureFittings 2024-04-30 07535939 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 07535939 d:OwnedOrFreeholdAssets 2024-05-01 2025-04-30 07535939 d:Goodwill 2025-04-30 07535939 d:Goodwill 2024-04-30 07535939 d:CurrentFinancialInstruments 2025-04-30 07535939 d:CurrentFinancialInstruments 2024-04-30 07535939 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-30 07535939 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07535939 d:ShareCapital 2025-04-30 07535939 d:ShareCapital 2024-04-30 07535939 d:SharePremium 2025-04-30 07535939 d:SharePremium 2024-04-30 07535939 d:CapitalRedemptionReserve 2025-04-30 07535939 d:CapitalRedemptionReserve 2024-04-30 07535939 d:RetainedEarningsAccumulatedLosses 2025-04-30 07535939 d:RetainedEarningsAccumulatedLosses 2024-04-30 07535939 d:AcceleratedTaxDepreciationDeferredTax 2025-04-30 07535939 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07535939 d:TaxLossesCarry-forwardsDeferredTax 2025-04-30 07535939 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 07535939 c:OrdinaryShareClass1 2024-05-01 2025-04-30 07535939 c:OrdinaryShareClass1 2025-04-30 07535939 c:OrdinaryShareClass1 2024-04-30 07535939 c:OrdinaryShareClass2 2024-05-01 2025-04-30 07535939 c:OrdinaryShareClass2 2025-04-30 07535939 c:OrdinaryShareClass2 2024-04-30 07535939 c:OrdinaryShareClass3 2024-05-01 2025-04-30 07535939 c:OrdinaryShareClass3 2025-04-30 07535939 c:OrdinaryShareClass3 2024-04-30 07535939 c:OrdinaryShareClass4 2024-05-01 2025-04-30 07535939 c:OrdinaryShareClass4 2025-04-30 07535939 c:OrdinaryShareClass4 2024-04-30 07535939 c:OrdinaryShareClass5 2024-05-01 2025-04-30 07535939 c:OrdinaryShareClass5 2025-04-30 07535939 c:OrdinaryShareClass5 2024-04-30 07535939 c:FRS102 2024-05-01 2025-04-30 07535939 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 07535939 c:FullAccounts 2024-05-01 2025-04-30 07535939 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 07535939 2 2024-05-01 2025-04-30 07535939 d:Goodwill d:OwnedIntangibleAssets 2024-05-01 2025-04-30 07535939 e:PoundSterling 2024-05-01 2025-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07535939









TYLERS PROPERTY PARTNERSHIP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2025

 
TYLERS PROPERTY PARTNERSHIP LIMITED
REGISTERED NUMBER: 07535939

BALANCE SHEET
AS AT 30 APRIL 2025

2025
2024
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
23,333
33,333

Tangible assets
 5 
8,636
11,516

  
31,969
44,849

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
78,312
53,180

Cash at bank and in hand
  
162,941
139,710

  
241,253
192,890

Creditors: amounts falling due within one year
 7 
(153,395)
(125,585)

NET CURRENT ASSETS
  
 
 
87,858
 
 
67,305

TOTAL ASSETS LESS CURRENT LIABILITIES
  
119,827
112,154

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
-
(1,481)

  
 
 
-
 
 
(1,481)

NET ASSETS
  
119,827
110,673


CAPITAL AND RESERVES
  

Called up share capital 
 9 
800
800

Share premium account
  
99,800
99,800

Capital redemption reserve
  
300
300

Profit and loss account
  
18,927
9,773

  
119,827
110,673


Page 1

 
TYLERS PROPERTY PARTNERSHIP LIMITED
REGISTERED NUMBER: 07535939
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr C Gurney
Director

Date: 11 July 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1.


GENERAL INFORMATION

Tylers Property Partnership Limited is a company is limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA. Its principal place of business is 104 Cherry Hinton Road, Cambridge, CB1 7AJ.
The Company's functional and presentatonal currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover comprises property sales and rental lettings commission revenue recognised by the company during the year, exclusive Value Added Tax.

  
2.3

INTANGIBLE ASSETS

GOODWILL
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life of 10 years.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

CURRENT AND DEFERRED 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.13

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 16 (2024 - 16).

Page 5

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 May 2024
445,000



At 30 April 2025

445,000



AMORTISATION


At 1 May 2024
411,667


Charge for the year on owned assets
10,000



At 30 April 2025

421,667



NET BOOK VALUE



At 30 April 2025
23,333



At 30 April 2024
33,333



Page 6

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

5.


TANGIBLE FIXED ASSETS





Motor vehicles
Fixtures and fittings
Total

£
£
£



COST


At 1 May 2024
12,500
68,907
81,407



At 30 April 2025

12,500
68,907
81,407



DEPRECIATION


At 1 May 2024
10,045
59,846
69,891


Charge for the year on owned assets
614
2,266
2,880



At 30 April 2025

10,659
62,112
72,771



NET BOOK VALUE



At 30 April 2025
1,841
6,795
8,636



At 30 April 2024
2,455
9,061
11,516


6.


DEBTORS

2025
2024
£
£

Trade debtors
35,164
17,995

Other debtors
2,754
9,000

Prepayments and accrued income
40,394
26,185

78,312
53,180


Page 7

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Trade creditors
80,800
38,071

Corporation tax
34,180
20,337

Other taxation and social security
24,101
17,722

Other creditors
9,279
44,418

Accruals and deferred income
5,035
5,037

153,395
125,585


Included within other creditors are amounts due to defined contribution pension schemes of £970 (2024 -£956).
Bank loans comprise a Government backed 'Coronavirus Business Interruption Loan' (CBIL), which was drawn down in June 2020. This loan is 100% guaranteed by the Government and there will be no fees or interest payable in the first 12 months. During the year interest of 2.5% - 6.0% per annum was charged on the loan. 


8.


DEFERRED TAXATION




2025
2024


£

£






At beginning of year
(1,481)
(1,994)


Charged to profit or loss
1,481
513



AT END OF YEAR
-
(1,481)

The deferred taxation balance is made up as follows:

2025
2024
£
£


Fixed asset differences
1,090
1,576

Short term timing differences
(1,090)
(95)

-
1,481

Page 8

 
TYLERS PROPERTY PARTNERSHIP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

9.


SHARE CAPITAL

2025
2024
£
£
ALLOTTED, CALLED UP AND FULLY PAID



118 (2024 - 118) Ordinary A shares of £1.00 each
118
118
118 (2024 - 118) Non-Voting A shares of £1.00 each
118
118
82 (2024 - 82) Ordinary B shares of £1.00 each
82
82
82 (2024 - 82) Non-Voting B shares of £1.00 each
82
82
118 (2024 - 118) Ordinary C shares of £1.00 each
118
118
118 (2024 - 118) Non-Voting C shares of £1.00 each
118
118
82 (2024 - 82) Ordinary D shares of £1.00 each
82
82
82 (2024 - 82) Non-Voting D shares of £1.00 each
82
82

800

800


 



10.FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies that are not included in the balance sheet amount to £43,800 (2024 - £73,067).


11.


TRANSACTIONS WITH DIRECTORS

At the year end the directors owed balances of £2,754 (2024 - £6,151) to the Company. These are interest free and repayable on demand.
The directors have provided personal guarantees totalling £25,000 (2024 - £25,000).

 
Page 9