TIN TAB DEVELOPMENTS LIMITED


Director	Springford, Simon Fraser


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	06320695 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		500,318		503,428
			500,318		503,428
Current assets
Stocks	4	900		1,800
Debtors	5	2,218		-
Cash at bank and on hand		23,649		19,701
		26,767		21,501
Creditors amounts falling due within one year	6	(83,965)		(84,234)
Net current assets (liabilities)			(57,198)		(62,733)
Total assets less current liabilities			443,120		440,695
Provisions for liabilities	7		(42,471)		(43,006)
Net assets			400,649		397,689
Capital and reserves
Called up share capital			100		100
Share premium			211,900		211,900
Revaluation reserve			174,922		174,922
Profit and loss account			13,727		10,767
Shareholders' funds			400,649		397,689

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 24 December 2025, and are signed on its behalf by:

Springford, Simon Fraser
Director
Registered Company No. 06320695

TIN TAB DEVELOPMENTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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 as modified by the revaluation of certain assets.

	Functional and presentation currency
	The presentation currency of the financial statements is the Pound Sterling (£).

	Turnover policy
	Turnover represents net invoiced rental income, excluding value added tax.

	Current 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.

Current 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.

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	5
	Fixtures and fittings	5
	Office Equipment	5

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	500,000	12,600	900	2,047	515,547
At 31 March 25	500,000	12,600	900	2,047	515,547
Depreciation and impairment
At 01 April 24	-	10,080	720	1,319	12,119
Charge for year	-	2,520	180	410	3,110
At 31 March 25	-	12,600	900	1,729	15,229
Net book value
At 31 March 25	500,000	-	-	318	500,318
At 31 March 24	500,000	2,520	180	728	503,428

4.	Stocks

	2025	2024
	£	£
Finished goods	900	1,800
Total	900	1,800

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	2,218	-
Total	2,218	-

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	1,038
Taxation and social security	1,298	476
Other creditors	81,149	81,202
Accrued liabilities and deferred income	1,518	1,518
Total	83,965	84,234

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	42,471	43,006
Total	42,471	43,006

8.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Springford, Simon Fraser	(964)	10,100	6,918	2,218
	(964)	10,100	6,918	2,218


	As at the balance sheet date, included in debtors due within one year is £2,218 (2024: £964 in credit), due and payable by the director. The amount was fully repaid within 9 months of the balance sheet date.

9.	Related party transactions
	At the balance sheet date, the company owed £81,149 (2024: £80,239) to Tarzan Properties Ltd. The amount is interest-free and repayable on demand. The company is under common control by the director.

10.	Controlling party
	The ultimate controlling party is Mr S Springford by virtue of the fact he is the director and 100% shareholder.