Tankerton Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00791944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TANKERTON PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G C Valente

P J F Valente

SECRETARY:

P G C Valente

REGISTERED OFFICE:

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

REGISTERED NUMBER:

00791944 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

2,958,003

CURRENT ASSETS

Debtors

5

121,259

113,559

Cash at bank

1,042,679

986,618

1,163,938

1,100,177

CREDITORS

Amounts falling due within one year

6

97,202

131,502

NET CURRENT ASSETS

1,066,736

968,675

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,024,739

3,926,678

PROVISIONS FOR LIABILITIES

7

81,812

NET ASSETS

3,942,927

3,844,866

CAPITAL AND RESERVES

Called up share capital

8

100

Fair value reserve

1,101,950

Retained earnings

2,840,877

2,742,816

SHAREHOLDERS' FUNDS

3,942,927

3,844,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2025 and were signed on its behalf by:

P J F Valente - Director

1.	STATUTORY INFORMATION

Tankerton Properties Limited 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 the 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income relating to the year, excluding value added tax.

Tangible fixed assets

The company's freehold properties are let and are therefore held for investment. Investment properties are included at fair value. Gains are recognised in the Fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold and is charged to the Fair value reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

2,958,003

NET BOOK VALUE

At 31 December 2024

2,958,003

At 31 December 2023

2,958,003

Cost or valuation at 31 December 2024 is represented by:

Freehold

property

£

Valuation in 2023

1,055,245

Cost

1,902,758

2,958,003

If freehold properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

Cost

1,902,758

The freehold properties were valued on an open market value basis at 31 December 2024 by the directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

23,661

24,166

Sundry debtors

82,201

78,169

Prepayments and accrued income

13,957

9,784

Sundry loan

1,440

121,259

113,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Corporation tax

26,333

37,229

Sundry creditors and accruals

23,976

23,945

Rent invoiced in advance

38,020

39,124

Directors' current accounts

8,873

31,204

97,202

131,502

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

81,812

Deferred

tax

£

Balance at 1 January 2024

81,812

Movement in year

Balance at 31 December 2024

81,812

The above provision is in respect of revaluations of investment properties.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

9.	RELATED PARTY DISCLOSURES

During the year the company did not receive any repayments (2023 - £24,000) from Quality Amusements Limited, a company of which P G C Valente and P J F Valente are directors, in respect of a loan made to that company. At the year end £1,440 (2023 - £1,440) was owing from Quality Amusements Limited, no interest has been charged on this loan.