Tyes Hill Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04861280 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

FOR

TYES HILL MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Dalrymple-White

Mrs E B Dalrymple-White

SECRETARY:

J Dalrymple-White

REGISTERED OFFICE:

Tyes Hill Cottage

Blacksmiths Green

Wetheringsett

Stowmarket

Suffolk

IP14 5PY

REGISTERED NUMBER:

04861280 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Tangible assets

4

-

2,203

CURRENT ASSETS

Cash at bank and in hand

2,923

851

CREDITORS

Amounts falling due within one year

5

37,329

38,178

NET CURRENT LIABILITIES

(34,406

)

(37,327

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,406

)

(35,124

)

CAPITAL AND RESERVES

Called up share capital

6

60,000

60,000

Retained earnings

7

(94,406

)

(95,124

)

SHAREHOLDERS' FUNDS

(34,406

)

(35,124

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 12 January 2020 and were signed on its behalf by:

J Dalrymple-White - Director

Mrs E B Dalrymple-White - Director

1.	STATUTORY INFORMATION

Tyes Hill Management Ltd 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 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.

The company's directors have confirmed that they will continue to make available such financial support as is

required to enable the company to continue to trade for the foreseeable future. Having considered this and all

other information available to them up to the date on which the financial statements were approved, the directors

consider it is appropriate to prepare the financial statements on a going concern basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents have been fully amortised in the current year.

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal

annual instalments over their estimated useful lives. The patents have now been fully amortised.

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 reducing balance

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.

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 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2018

6,447

-

25,787

32,234

Disposals

(6,447

)

-

(25,787

)

(32,234

)

At 31 August 2019

-

-

-

-

DEPRECIATION

At 1 September 2018

5,826

-

24,205

30,031

Charge for year

-

(522

)

522

-

Eliminated on disposal

(5,826

)

-

(24,205

)

(30,031

)

At 31 August 2019

-

(522

)

522

-

NET BOOK VALUE

At 31 August 2019

-

522

(522

)

-

At 31 August 2018

621

-

1,582

2,203

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Taxation and social security

6,465

6,578

Other creditors

30,864

31,600

37,329

38,178

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

£

60,000

Ordinary

£1

60,000

60,000

7.

RESERVES

Retained

earnings

£

At 1 September 2018

(95,124

)

Profit for the year

25,268

Dividends

(24,550

)

At 31 August 2019

(94,406

)

8.	ULTIMATE CONTROLLING PARTY

The directors, by virtue of their ownership of the entire share capital, are the ultimate controlling party.