REGISTERED NUMBER: 12869290 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Tillyer Family Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Tillyer

Mrs J Tillyer

REGISTERED OFFICE:

14 Victoria Road

Sheffield

S10 2DL

REGISTERED NUMBER:

12869290 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Investment property

4

1,820,379

1,820,379

CURRENT ASSETS

Debtors

5

1,399

2,200

Cash at bank

4,177

10,218

5,576

12,418

CREDITORS

Amounts falling due within one year

6

45,885

55,586

NET CURRENT LIABILITIES

(40,309

)

(43,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,780,070

1,777,211

CREDITORS

Amounts falling due after more than one year

7

(1,591,513

)

(1,559,951

)

PROVISIONS FOR LIABILITIES

(33,777

)

(26,861

)

NET ASSETS

154,780

190,399

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

9

143,997

150,913

Retained earnings

10,782

39,485

154,780

190,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 September 2025 and were signed on its behalf by:

Mr S Tillyer - Director

1.	STATUTORY INFORMATION

Tillyer Family 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.

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

1,820,379

NET BOOK VALUE

At 30 September 2024

1,820,379

At 30 September 2023

1,820,379

Investment property comprises residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2024 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on an historical cost basis rather than a fair value basis, the cost would be £1,725,093.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

1,399

2,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

41,275

41,275

Taxation and social security

-

9,701

Other creditors

4,610

4,610

45,885

55,586

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

824,250

824,250

Other creditors

767,263

735,701

1,591,513

1,559,951

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

659,149

659,149

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

865,525

865,525

The bank loans above are secured against the investment properties of the company. Interest is being charged monthly on the loans.

9.

RESERVES

Revaluation

reserve

£

At 1 October 2023

150,913

Other movements

(6,916

)

At 30 September 2024

143,997