TDI Developments Limited - Accounts to registrar (filleted) - small 18.2

TDI Developments Limited - Accounts to registrar (filleted) - small 18.2

T D I DEVELOPMENTS LTD - Company Information

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T D I DEVELOPMENTS LTD

Unaudited Financial Statements for the Year Ended 31 July 2019






T D I DEVELOPMENTS LTD (REGISTERED NUMBER: 05883888)

Contents of the Financial Statements
for the Year Ended 31 July 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T D I DEVELOPMENTS LTD

Company Information
for the Year Ended 31 July 2019







DIRECTORS: A Quinn
D Connolly
I P Connolly





SECRETARY: I P Connolly





REGISTERED OFFICE: 88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE





REGISTERED NUMBER: 05883888 (England and Wales)





ACCOUNTANTS: Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
B75 5BE
Page 1
T D I DEVELOPMENTS LTD (REGISTERED NUMBER: 05883888)

Balance Sheet
31 July 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 5 106 209
Investment property 6 635,000 512,153
635,106 512,362

CURRENT ASSETS
Cash at bank 1,065 465

CREDITORS
Amounts falling due within one year 7 (146,200 ) (124,664 )
NET CURRENT LIABILITIES (145,135 ) (124,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
489,971
388,163

CREDITORS
Amounts falling due after more than one
year
8
(313,702
)
(327,789
)

PROVISIONS FOR LIABILITIES 10 (23,340 ) -
NET ASSETS 152,929 60,374

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 152,829 60,274
SHAREHOLDERS' FUNDS 152,929 60,374

The notes form part of these financial statements

Page 2 continued...
T D I DEVELOPMENTS LTD (REGISTERED NUMBER: 05883888)

Balance Sheet - continued
31 July 2019


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2020 and
were signed on its behalf by:





I P Connolly - Director


The notes form part of these financial statements

Page 3
T D I DEVELOPMENTS LTD (REGISTERED NUMBER: 05883888)

Notes to the Financial Statements
for the Year Ended 31 July 2019


1. STATUTORY INFORMATION

T D I Developments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

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.

Page 4 continued...
T D I DEVELOPMENTS LTD (REGISTERED NUMBER: 05883888)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2019


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2018
and 31 July 2019 2,705
DEPRECIATION
At 1 August 2018 2,496
Charge for year 103
At 31 July 2019 2,599
NET BOOK VALUE
At 31 July 2019 106
At 31 July 2018 209

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2018 512,153
Revaluations 122,847
At 31 July 2019 635,000
NET BOOK VALUE
At 31 July 2019 635,000
At 31 July 2018 512,153

Investment property fair value was based on a valuation by the directors having used publicly available
market evidence to assess the current market value of each asset.

Page 5 continued...
T D I DEVELOPMENTS LTD (REGISTERED NUMBER: 05883888)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2019


6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2019 is represented by:

£   
Valuation in 2019 122,847
Cost 512,153
635,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 131 131
Other creditors 146,069 124,533
146,200 124,664

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 313,702 327,789

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 313,702 327,789

9. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 313,702 327,789

Bank loans are secured against the company's investment properties.

10. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax
Other timing differences 23,340 -

Page 6 continued...
T D I DEVELOPMENTS LTD (REGISTERED NUMBER: 05883888)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2019


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 23,340
Balance at 31 July 2019 23,340

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

12. OTHER FINANCIAL COMMITMENTS

At the year end, the company had financial commitments of £1,342 (2018: £5,368).

Page 7