Tilewood Properties Limited - Accounts to registrar (filleted) - small 18.2

Tilewood Properties Limited - Accounts to registrar (filleted) - small 18.2

TILEWOOD PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 07186196 (England and Wales)















TILEWOOD PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2019





Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ








TILEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07186196)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

TILEWOOD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2019







DIRECTOR: P A Dabner





SECRETARY:





REGISTERED OFFICE: St Ledger House 112 London Road
Southborough
Tunbridge Wells
TN4 0PN





REGISTERED NUMBER: 07186196 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ
Page 1
TILEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07186196)

BALANCE SHEET
29 SEPTEMBER 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 4 331,456 331,456

CURRENT ASSETS
Debtors 5 72,322 59,711
Cash at bank 41,473 40,472
113,795 100,183
CREDITORS
Amounts falling due within one year 6 (47,976 ) (35,171 )
NET CURRENT ASSETS 65,819 65,012
TOTAL ASSETS LESS CURRENT
LIABILITIES
397,275
396,468

CREDITORS
Amounts falling due after more than one
year
7
(321,051
)
(321,051
)
NET ASSETS 76,224 75,417

CAPITAL AND RESERVES
Called up share capital 440 440
Other reserves 2,948 2,948
Retained earnings 72,836 72,029
76,224 75,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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 notes form part of these financial statements

Page 2 continued...
TILEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07186196)

BALANCE SHEET - continued
29 SEPTEMBER 2019


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 25 September 2020 and were signed
by:





P A Dabner - Director


The notes form part of these financial statements

Page 3
TILEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07186196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2019

1. STATUTORY INFORMATION

Tilewood Properties 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year 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 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 - NIL).

Page 4 continued...
TILEWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07186196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2019

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 30 September 2018
and 29 September 2019 331,456
NET BOOK VALUE
At 29 September 2019 331,456
At 29 September 2018 331,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 16,600 16,600
Sundry debtors 52,504 42,840
Directors' current accounts - 253
VAT 18 18
Prepayments and accrued income 3,200 -
72,322 59,711

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 1,169 -
Corporation Tax 102 213
Sundry creditors 21,864 22,528
Directors' current accounts 24,841 12,430
47,976 35,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans more 5 yr by instal 275,927 275,927
Sundry creditors 45,124 45,124
321,051 321,051

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 275,927 275,927

Page 5
TILEWOOD PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
TILEWOOD PROPERTIES LIMITED

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 September 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ


25 September 2020

This page does not form part of the statutory financial statements

Page 6