General Information
TYH1 Limited is a private company, limited by shares, registered in England and Wales, registration number 12974297, registration address Suite 156, 720 Centennial Ave, Elstree, WD6 3SY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the rental income received during the year
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
| 2. |
Average number of employees Average number of employees during the period was 2 (2024 : 2). |
| 3. |
Tangible fixed assets
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 November 2024 |
8,196,076 |
|
8,196,076 |
| Additions |
136,202 |
|
136,202 |
| Disposals |
- |
|
- |
| At 31 October 2025 |
8,332,278 |
|
8,332,278 |
| Depreciation |
| At 01 November 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 October 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 31 October 2025 |
8,332,278 |
|
8,332,278 |
| Opening balance as at 01 November 2024 |
8,196,076 |
|
8,196,076 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 November 2024 |
100 |
|
100 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 October 2025 |
100 |
|
100 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
45,000 |
|
42,466 |
| Other Debtors |
511,167 |
|
496,192 |
|
556,167 |
|
538,658 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Other Creditors |
3,730,472 |
|
3,477,960 |
|
3,730,472 |
|
3,477,960 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
6,233,786 |
|
6,146,024 |
|
6,233,786 |
|
6,146,024 |
|
3
|