TLF Investments Limited - Filleted accounts

Registered number

05350882

TLF Investments Limited

Filleted Accounts

31 December 2024

TLF Investments Limited
Registered number:		05350882
Balance Sheet
as at 31 December 2024
						as restated
Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		2,869,290			2,794,357
Investments	4		60			60
			2,869,350			2,794,417

Current assets
Debtors	5	1,278,479			1,550,907
Cash at bank and in hand		178,569			40,011
		1,457,048			1,590,918

Creditors: amounts falling due within one year	6	(2,794,893)			(2,927,504)

Net current liabilities			(1,337,845)			(1,336,586)

Total assets less current liabilities			1,531,505			1,457,831


Provisions for liabilities			(121,136)			(116,075)


Net assets			1,410,369			1,341,756

Capital and reserves
Called up share capital			2			2
Revaluation reserve	7		354,719			348,106
Profit and loss account			1,055,648			993,648

Shareholders' funds			1,410,369			1,341,756

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




B Cecil
Director
Approved by the board on 23 September 2025

TLF Investments Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover for rents and other charges are those receivable in the year. Turnover from the sale of development properties represents the gross amount receivable prior to costs relating to the sale of properties.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures & fittings	20% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment properties
	Investment properties are initially measured at cost and subsequently measured at fair value, where a reliable measure of fair value is available without undue cost or effort. Changes in fair value are recognised in the fair value reserve.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Land and buildings		Fixtures & fittings		Total
£			£		£
	Cost
	At 1 January 2024	2,793,593		7,328		2,800,921
	Additions	110,086		-		110,086
	Disposals	(35,000)		-		(35,000)
	At 31 December 2024	2,868,679		7,328		2,876,007

	Depreciation
	At 1 January 2024	-		6,564		6,564
	Charge for the year	-		153		153
	At 31 December 2024	-		6,717		6,717

	Net book value
	At 31 December 2024	2,868,679		611		2,869,290
	At 31 December 2023	2,793,593		764		2,794,357


	Freehold land and buildings:			2024		2023
£					£
	Historical cost			2,457,409		2,391,140
	Cumulative depreciation based on historical cost			-		-
				2,457,409		2,391,140
	The valuation of the investment properties was reviewed by B Cecil, director, at 31 December 2024. Consideration was given to the size and condition of the properties and comparing them with similar properties bought and sold in the geographical area.


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024					60

	At 31 December 2024					60


5	Debtors			2024		2023
£					£

	Trade debtors			14,911		12,818
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,263,568		1,473,089
	Other debtors			-		65,000
				1,278,479		1,550,907


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Taxation and social security costs			34,595		43,562
	Other creditors			2,760,298		2,883,942
				2,794,893		2,927,504


7	Revaluation reserve			2024		2023
£					£

	At 1 January 2024			348,106		348,106
	Gain on revaluation of land and buildings			8,817		-
	Deferred taxation arising on the revaluation of land and buildings			(2,204)		-

	At 31 December 2024			354,719		348,106


8	Related party transactions

	At the balance sheet date the company owed B Cecil, company director and shareholder, £2,739,672 (2023 £2,878,672). The loan is repayable on demand. At the balance sheet date the company was owed £1,263,568 (2023 £1,473,089) by an associated related party which is under common control by virtue of directorship and ownership.


9	Controlling party

	The company is under the joint control of B Cecil & A Cecil.


10	Other information

	TLF Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	33 Delves Avenue
	Tunbridge Wells
	Kent
	TN2 5DP