T J D Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03616161 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

T J D Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Davison

D McLaughlin

K A Prain

A Moorley

SECRETARY:

A J Davison

REGISTERED OFFICE:

Kepier House

Belmont Business Park

Durham

DH1 1TW

REGISTERED NUMBER:

03616161 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

-

Investments

5

-

1

Investment property

6

1,735,000

1,735,001

CURRENT ASSETS

Debtors

7

85,385

68,008

Cash at bank and in hand

26,352

11,389

111,737

79,397

CREDITORS

Amounts falling due within one year

8

(1,432,118

)

(1,492,638

)

NET CURRENT LIABILITIES

(1,320,381

)

(1,413,241

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

414,619

321,760

CAPITAL AND RESERVES

Called up share capital

9

422,016

Share premium

1,101,862

Retained earnings

(1,109,259

)

(1,202,118

)

SHAREHOLDERS' FUNDS

414,619

321,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

A J Davison - Director

1.	STATUTORY INFORMATION

T J D Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However, the validity of the going concern basis is dependent upon the company's ability to continue to operate with the support of the directors and creditors of the company. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Preparation of consolidated financial statements

The financial statements contain information about T J D Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rents receivable during the year. Rents received in advance that relate to future periods are deferred and provided for in creditors.

Income recognition

Rental income is recognised monthly, in arrears.

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 cost

Computer equipment

-

25% on cost

Tangible fixed assets are included at cost less accumulated depreciation and impairment.

Investments in associates

Investments in associate undertakings are recognised at cost less impairment.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

8,417

1,122

9,539

DEPRECIATION

At 1 April 2024

and 31 March 2025

8,417

1,122

9,539

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2024

1

Disposals

(1

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,735,000

NET BOOK VALUE

At 31 March 2025

1,735,000

At 31 March 2024

1,735,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2014

(2,000,000

)

Valuation in 2016

442,025

Valuation in 2024

(950,000

)

Cost

4,242,975

1,735,000

The directors have reviewed the valuation of investment property as at 31 March 2025 and have concluded that the valuation still reflects market value

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

54,556

22,150

Other debtors

5,394

4,382

Prepayments and accrued income

25,435

41,476

85,385

68,008

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

17,229

31,358

Amounts owed to group undertakings

-

29,614

Taxation and social security

6,863

2,140

Other creditors

31,757

24,717

Directors' current accounts

1,344,002

1,370,002

Accruals and deferred income

32,267

34,807

1,432,118

1,492,638

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

422,016

Ordinary

£1

422,016

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned group companies or those concluded at market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2025

2024

£

Amount due to directors

1,344,002

1,370,002

No interest has been charged.