These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Timla Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Faverdale, Faverdale Industrial Estate, Darlington, Co Durham, DL3 0PP.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Timla Developments Limited is a wholly owned subsidiary of Almit Group Limited and the results of Timla Developments Limited are included in the consolidated financial statements of Almit Group Limited which are available from its registered office at Faverdale, Faverdale Industrial Estate, Darlington, Co Durham, DL3 0PP.

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future due to the continued support of group companies.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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 in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

The average monthly number of persons (including directors) employed by the company during the year was:

The company's immediate and ultimate parent company is Almit Group Limited, a company registered in

England & Wales. The smallest and largest group accounts that the company's results are incorporated

into are those produced by Almit Group Limited, copies of which can be obtained from the registered office

Almit Group Limited at Faverdale, Faverdale Industrial Estate, Darlington, County Durham, DL3 0PP.

The company's ultimate controlling party is A Mitchell, M Mitchell and S Mitchell due to them each owning 33.3% of the issued share capital in Almit Group Limited.