Tudor Developments AJ Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08803955 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

TUDOR DEVELOPMENTS AJ LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A H Davis

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

08803955 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

6,234

1,480

Investment property

5

335,000

341,234

336,480

CURRENT ASSETS

Debtors

6

2,607,723

2,783,719

Investments

7

1

Cash at bank

25,054

30,465

2,632,778

2,814,185

CREDITORS

Amounts falling due within one year

8

843,073

1,065,710

NET CURRENT ASSETS

1,789,705

1,748,475

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,130,939

2,084,955

CREDITORS

Amounts falling due after more than one year

9

(1,758,272

)

(1,755,094

)

PROVISIONS FOR LIABILITIES

(152

)

(456

)

NET ASSETS

372,515

329,405

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

372,415

329,305

SHAREHOLDERS' FUNDS

372,515

329,405

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 director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

Mr A H Davis - Director

1.	STATUTORY INFORMATION

Tudor Developments AJ 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

1,838

8,962

10,800

Additions

5,037

1,399

6,436

At 31 December 2024

6,875

10,361

17,236

DEPRECIATION

At 1 January 2024

1,654

7,666

9,320

Charge for year

781

901

1,682

At 31 December 2024

2,435

8,567

11,002

NET BOOK VALUE

At 31 December 2024

4,440

1,794

6,234

At 31 December 2023

184

1,296

1,480

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

335,000

NET BOOK VALUE

At 31 December 2024

335,000

At 31 December 2023

335,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Amounts owed by group undertakings

397,320

391,793

Other debtors

2,125,856

2,299,132

VAT

9,122

Prepayments and accrued income

75,425

83,672

2,607,723

2,783,719

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

Unlisted investments

1

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

21,440

21,442

Amounts owed to group undertakings

-

6,365

Tax

15,660

6,198

Social security and other taxes

5,659

-

Other creditors

322,205

308,374

Directors' current accounts

445,219

690,076

Accruals and deferred income

32,890

33,255

843,073

1,065,710

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other loans - 2-5 years

641,926

688,121

Other loans

1,116,346

1,066,973

1,758,272

1,755,094

Amounts falling due in more than five years:

Repayable by instalments

Other loans

1,116,346

1,066,973

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

9,998

A Ordinary

1p

100

1

B Ordinary

1p

-

1

C Ordinary

1p

-

1

D Ordinary

1p

-

100

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed an amount of £360,689 (2023: £391,793) by Tudor Development AD Ltd, £36,631 (2023: £6,365) by Thorn Estates Ltd, a company related by the fact that they are under common control.

As at the balance sheet date, included in creditors due within one year is £445,219 (2023: £690,076), due and payable to the director. The amount is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A H Davis.