Company Registration No. 13728882 (England and Wales)
Teal Property Ltd
Unaudited accounts
for the year ended 30 November 2024
Teal Property Ltd
Unaudited accounts
Contents
Teal Property Ltd
Company Information
for the year ended 30 November 2024
Company Number
13728882 (England and Wales)
Registered Office
2 Quebec Road
Ilford
IG1 4TX
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Teal Property Ltd
Statement of financial position
as at 30 November 2024
Called up share capital not paid
100
100
Tangible assets
679,320
234,779
Cash at bank and in hand
111,737
488
Creditors: amounts falling due within one year
(5,144)
(823)
Net current assets
186,303
388,334
Total assets less current liabilities
865,723
623,213
Creditors: amounts falling due after more than one year
(870,082)
(624,759)
Net liabilities
(4,359)
(1,546)
Called up share capital
100
100
Profit and loss account
(4,459)
(1,646)
Shareholders' funds
(4,359)
(1,546)
For the year ending 30 November 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
Miao Liu
Director
Company Registration No. 13728882
Teal Property Ltd
Notes to the Accounts
for the year ended 30 November 2024
Teal Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13728882. The registered office is 2 Quebec Road, Ilford, IG1 4TX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover from the sale of property is recognised when property has been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Teal Property Ltd
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Land & buildings
At 1 December 2023
234,779
At 30 November 2024
679,320
At 30 November 2024
679,320
At 30 November 2023
234,779
Amounts falling due within one year
Other debtors
79,710
3,750
6
Creditors: amounts falling due within one year
2024
2023
The company has total secured liability to the value of £112,672 which comprise of loan. The loan is secured by way of a first legal mortgage over the land at 8-10 Teal Avenue, St. Mary Cray, Orpington BR5 3NE.
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
707,977
456,241
Loans from directors
162,105
168,518
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).