Registration number: 06325433

T Land Limited

Contents

Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2 to 4

T Land Limited

(Registration number: 06325433)
Abridged Balance Sheet as at 31 December 2024

	Note	2024		2023
		£	£	£	£
Current assets
Debtors			-		4,739
Cash at bank and in hand			18,140		9,332
			18,140		14,071
Creditors: Amounts falling due within one year			(14,071)		(5,824)
Net assets			4,069		8,247
Capital and reserves
Called up share capital		1		1
Profit and loss account		4,068		8,246
Total equity			4,069		8,247

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... Mr G A Bowen Director

T Land Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
104-114 Talbot Street
Nottingham
NG1 5GL
United Kingdom

These financial statements were authorised for issue by the Board on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Audit report

The Independent Auditor's Report was unqualified . The name of the Senior Statutory Auditor who signed the audit report on 23 September 2025 was James Haywood ACA, who signed for and on behalf of Page Kirk LLP.

Going concern

The financial statements have been prepared on a going concern basis due to the confirmed continued support of its parent company, Heart Church. The directors are satisfied that the company has sufficient cash flows to meet its liabilites as they fall due for at least one year from the date of approval of the financial statements and will continue in operational existence for the foreseeable future.

Revenue recognition

Revenue is recognised at the fair value of consideration received or receivable for rental income and income relation to the investment in land.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

T Land Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on the current or future taxable profit.

Investment property

Unlisted investments relate to the investment land which is included in the balance sheet at fair value as determined by the directors. The investment land is assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

T Land Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 "Basic financial instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilites are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to se off the recognised amounts and there is an intention to settle on a net basis or to realised the asset and settle the liability simultaneously.
 

3	Staff numbers

During the year, the average number of employees at the company was 5 (2023 - 5).

4	Parent and ultimate parent undertaking

The ultimate parent undertaking at the balance sheet date was Heart Church, a charitable company incorporated in England and Wales. The smallest and largest group in which the results of the company areconsolidated is that headed by Heart Church. The consolidated financial statements of Heart Church may be obtained from the company's registered office being 104-114 Talbot Street, Nottingham, NG1 5GL.