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REGISTERED NUMBER: 09307432 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

TAYNE HOMES LTD

TAYNE HOMES LTD (REGISTERED NUMBER: 09307432)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TAYNE HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr B G Tayne
Mrs G Tayne





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 09307432 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

TAYNE HOMES LTD (REGISTERED NUMBER: 09307432)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,471 1,219
Investment property 5 680,000 680,000
682,471 681,219

CURRENT ASSETS
Debtors 6 10,394 1,349
Cash at bank 19,916 29,171
30,310 30,520
CREDITORS
Amounts falling due within one year 7 (35,073 ) (22,237 )
NET CURRENT (LIABILITIES)/ASSETS (4,763 ) 8,283
TOTAL ASSETS LESS CURRENT LIABILITIES 677,708 689,502

CREDITORS
Amounts falling due after more than one year 8 (370,427 ) (372,853 )

PROVISIONS FOR LIABILITIES 9 (97,000 ) (97,000 )
NET ASSETS 210,281 219,649

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 309,587 309,587
Retained earnings (99,307 ) (89,939 )
SHAREHOLDERS' FUNDS 210,281 219,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Mr B G Tayne - Director


TAYNE HOMES LTD (REGISTERED NUMBER: 09307432)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Tayne Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rents receivable, and is recognised based on the period it relates to.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Plant and machinery - 25% straight line
Computer equipment - 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Going concern
The accounts have been prepared on the going concern basis as the directors have confirmed they will continue to support the company in the foreseeable future.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

TAYNE HOMES LTD (REGISTERED NUMBER: 09307432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023 3,225 850 4,075
Additions 2,297 - 2,297
Disposals (500 ) - (500 )
At 30 November 2024 5,022 850 5,872
DEPRECIATION
At 1 December 2023 2,289 567 2,856
Charge for year 833 212 1,045
Eliminated on disposal (500 ) - (500 )
At 30 November 2024 2,622 779 3,401
NET BOOK VALUE
At 30 November 2024 2,400 71 2,471
At 30 November 2023 936 283 1,219

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 680,000
NET BOOK VALUE
At 30 November 2024 680,000
At 30 November 2023 680,000

If investment properties had not been revalued by the directors, they would have been included at the historical cost £273,413 (2023: £273,413).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,250 744
Directors' current accounts 4,414 -
Prepayments and accrued income 730 605
10,394 1,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,278 4,100
Trade creditors 2,302 300
Social security and other taxes 169 169
Other creditors 1,826 1,799
Directors' current accounts 26,398 13,829
Accruals and deferred income 2,100 2,040
35,073 22,237

TAYNE HOMES LTD (REGISTERED NUMBER: 09307432)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,278 4,100
Bank loans - 2-5 years 7,973 8,610
Bank loans more 5 yr by instal 360,176 360,143
370,427 372,853

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 360,176 360,143

The bank loans are secured by way of a fixed and floating charge over current and future assets of the company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 97,000 97,000

Deferred
tax
£   
Balance at 1 December 2023 97,000
Balance at 30 November 2024 97,000