Terry Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11536475 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 25TH AUGUST 2018 TO 31ST AUGUST 2019

FOR

TERRY DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A P Earp

REGISTERED OFFICE:

453 Birmingham Road

Bordesley

Redditch

B97 6RL

REGISTERED NUMBER:

11536475 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Investment property

4

2,139,152

CURRENT ASSETS

Debtors

5

9,268

Cash at bank

205,760

215,028

CREDITORS

Amounts falling due within one year

6

1,203,617

NET CURRENT LIABILITIES

(988,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,150,563

CREDITORS

Amounts falling due after more than one year

7

1,189,018

NET LIABILITIES

(38,455

)

CAPITAL AND RESERVES

Called up share capital

10

200

Retained earnings

(38,655

)

SHAREHOLDERS' FUNDS

(38,455

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th August 2020 and were signed by:

Mr A P Earp - Director

1.	STATUTORY INFORMATION

Terry 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.	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.

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 period 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 period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

2,139,152

At 31st August 2019

2,139,152

NET BOOK VALUE

At 31st August 2019

2,139,152

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

201

Deferred tax asset

Tax losses carried forward

9,067

9,268

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

1,165,538

Other creditors

33,900

Directors' current accounts

2,379

Accrued expenses

1,800

1,203,617

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 8)

1,189,018

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,189,018

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,189,018

9.	DEFERRED TAX

£

Provided during period

(9,067

)

Balance at 31st August 2019

(9,067

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A

£1

100

100

Ordinary B

£1

100

200

The following shares were allotted and fully paid for cash at par during the period:

100 Ordinary A shares of £1 each

100 Ordinary B shares of £1 each