2023-11-01 SC274448 2024-10-31 SC274448 2023-11-01 2024-10-31 SC274448 2023-10-31 SC274448 2022-11-01 2023-10-31 SC274448 uk-core:WithinOneYear 2023-10-31 SC274448 uk-core:WithinOneYear 2024-10-31 SC274448 uk-core:AfterOneYear 2023-10-31 SC274448 uk-core:AfterOneYear 2024-10-31 SC274448 uk-core:ShareCapital 2024-10-31 SC274448 uk-core:ShareCapital 2023-10-31 SC274448 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC274448 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC274448 uk-bus:Director1 2023-11-01 2024-10-31 SC274448 uk-core:Buildings 2023-11-01 2024-10-31 SC274448 uk-core:CommunicationNetworkEquipment 2023-11-01 2024-10-31 SC274448 uk-core:FurnitureFittings 2023-11-01 2024-10-31 SC274448 uk-core:CommunicationNetworkEquipment 2023-10-31 SC274448 uk-core:FurnitureFittings 2023-10-31 SC274448 uk-core:Buildings 2023-10-31 SC274448 uk-core:Buildings 2024-10-31 SC274448 uk-core:FurnitureFittings 2024-10-31 SC274448 uk-core:CommunicationNetworkEquipment 2024-10-31 SC274448 uk-core:WithinOneYear 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure SC274448 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC274448 uk-bus:FRS102 2023-11-01 2024-10-31 SC274448 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 SC274448 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
TEPM Developments Ltd
Registered Number:SC274448
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 October 2024
TEPM Developments Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC274448
As at 31 October 2024
TEPM Developments Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
573,997
574,302
2
573,997
574,302
Current assets
Trade and other receivables
-
2,295
3
1,987
Cash and cash equivalents
107
2,402
1,987
Trade and other payables: amounts falling due within one
year
(4,197)
(6,326)
4
(2,210)
(3,924)
Net current liabilities
Total assets less current liabilities
570,073
572,092
Trade and other payables: amounts falling due after more
than one year
(409,780)
(398,050)
5
172,023
Net assets
162,312
Capital and reserves
Called up share capital
100
100
Retained earnings
171,923
162,212
172,023
162,312
Shareholders' funds
For the year ended 31 October 2024 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Neil Eastwood Director
These financial statements were approved and authorised for issue by the Board on 18 July 2025 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 October 2024
TEPM Developments Ltd
Notes to the Financial Statements
Statutory Information
TEPM Developments Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC274448.
Principal place of business:
Crowcombe
Green Lane
Aspley Guise
MK17 8EN
Registered address:
C/o Gillespie Tax Management Ltd
2-4 Salamander Place
Edinburgh
EH6 7JB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0%
20% Straight line
Computer equipment
20% Straight line
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
2 of 4
5
For the year ended 31 October 2024
TEPM Developments Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2023
581,329
1,524
6,722
573,083
At 31 October 2024
573,083
6,722
1,524
581,329
Provision for depreciation and impairment
At 01 November 2023
7,027
305
6,722
-
Charge for year
305
305
-
-
At 31 October 2024
7,332
610
6,722
-
At 31 October 2024
Net book value
573,083
-
914
573,997
At 31 October 2023
573,083
-
1,219
574,302
3. Trade and other receivables
2023
2024
£
£
Other debtors
2,295
-
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment.
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
3,191
3,357
Other creditors
3,135
840
6,326
4,197
Short-term creditors are measured at the transaction price. Other financial laibilities, 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.
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
398,050
409,780
3 of 4
6
For the year ended 31 October 2024
TEPM Developments Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
4 of 4