Tealby Homes Limited - Accounts to registrar (filleted) - small 18.2

Tealby Homes Limited - Accounts to registrar (filleted) - small 18.2

TEALBY HOMES LIMITED - Company Information

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REGISTERED NUMBER: 09766510 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th September 2019

for

Tealby Homes Limited
Tealby Homes Limited (Registered number: 09766510)






Contents of the Financial Statements
for the year ended 30th September 2019




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Tealby Homes Limited

Company Information
for the year ended 30th September 2019







DIRECTORS: N Brown
K S Nagra



REGISTERED OFFICE: Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



REGISTERED NUMBER: 09766510 (England and Wales)



ACCOUNTANTS: cbaSadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB
Page 1
Tealby Homes Limited (Registered number: 09766510)

Abridged Balance Sheet
30th September 2019

2019 2018
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,070,000 598,128

CURRENT ASSETS
Debtors 189,337 321,248
Cash at bank 2,613 1,770
191,950 323,018
CREDITORS
Amounts falling due within one year 554,380 419,731
NET CURRENT LIABILITIES (362,430 ) (96,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
707,570
501,415

CREDITORS
Amounts falling due after more than one
year
481,015
495,925
NET ASSETS 226,555 5,490

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 206,772 -
Retained earnings 19,683 5,390
SHAREHOLDERS' FUNDS 226,555 5,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 notes form part of these financial statements

Page 2 continued...
Tealby Homes Limited (Registered number: 09766510)

Abridged Balance Sheet - continued
30th September 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd June 2020 and were
signed on its behalf by:





K S Nagra - Director


The notes form part of these financial statements

Page 3
Tealby Homes Limited (Registered number: 09766510)

Notes to the Financial Statements
for the year ended 30th September 2019

1. STATUTORY INFORMATION

Tealby Homes 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.

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


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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 2 ).

Page 4 continued...
Tealby Homes Limited (Registered number: 09766510)

Notes to the Financial Statements - continued
for the year ended 30th September 2019

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2018 598,128
Additions 265,100
Revaluations 206,772
At 30th September 2019 1,070,000
NET BOOK VALUE
At 30th September 2019 1,070,000
At 30th September 2018 598,128

Fair value at 30th September 2019 is represented by:

£   
Valuation in 2019 206,772
Cost 863,228
1,070,000

5. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
as restated
£    £   
Bank loans 495,412 509,340

6. CALLED UP SHARE CAPITAL

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

7. RESERVES
Fair
value
reserve
£   
Reserves transfer 206,772

At 30th September 2019 206,772

Page 5
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tealby Homes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Tealby Homes Limited for the year ended 30th September 2019 which comprise the Income
Statement, Other Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes
from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tealby Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tealby Homes Limited and state those matters that we have agreed to state to the Board of Directors of Tealby Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tealby Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tealby Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tealby Homes Limited. You consider that Tealby Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tealby Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






cbaSadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


23rd June 2020

This page does not form part of the statutory financial statements

Page 6