Tyler Holdings Limited - Accounts to registrar (filleted) - small 18.2
Tyler Holdings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| FOR |
| TYLER HOLDINGS LIMITED |
| TYLER HOLDINGS LIMITED (REGISTERED NUMBER: 01312127) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TYLER HOLDINGS LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 March 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Leonard House |
| 5 - 7 Newman Road |
| Bromley |
| Kent |
| BR1 1RJ |
| TYLER HOLDINGS LIMITED (REGISTERED NUMBER: 01312127) |
| BALANCE SHEET |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| TYLER HOLDINGS LIMITED (REGISTERED NUMBER: 01312127) |
| BALANCE SHEET - continued |
| 31 March 2020 |
| 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 |
| TYLER HOLDINGS LIMITED (REGISTERED NUMBER: 01312127) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Tyler Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
| 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. |
| 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. |
| TYLER HOLDINGS LIMITED (REGISTERED NUMBER: 01312127) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 March 2020 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2019 | 2,022,089 |
| Additions | 563,909 |
| Disposals | ( |
) | (536,392 | ) |
| Revaluations | ( |
) | (163,092 | ) |
| At 31 March 2020 | 1,886,514 |
| PROVISIONS |
| At 1 April 2019 |
| and 31 March 2020 | 15,923 | - | 15,923 |
| NET BOOK VALUE |
| At 31 March 2020 | 1,870,591 |
| At 31 March 2019 | 2,006,166 |
| TYLER HOLDINGS LIMITED (REGISTERED NUMBER: 01312127) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 March 2020 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 31 March 2020 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2020 | - | 1,869,372 | 1,869,372 |
| Cost | 17,142 | - | 17,142 |
| 17,142 | 1,869,372 | 1,886,514 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2019 |
| and 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| Fair value at 31 March 2020 is represented by: |
| £ |
| Valuation in 2020 | 4,470,000 |
| The historical cost of the investment property is £3,053,947. |
| The properties were revalued on 31 March 2020 on an open market basis by the directors. |
| . |
| 7. | DEBTORS |
| 2020 | 2019 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| TYLER HOLDINGS LIMITED (REGISTERED NUMBER: 01312127) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 March 2020 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | RELATED PARTY DISCLOSURES |
| William Tyler and Co., Limited is a company also owned by Fabrica Trading Limited. During the year Tyler Holdings Limited invoiced management charges of £117,458 (2019: £61,450) to William Tyler & Co. Limited. |
| Tyler Projects Limited is a subsidiary of Tyler Holdings Limited. At the end of the year Tyler Holdings Limited had loaned Tyler Projects Limited £162,602 (2019: £700,000). |
| All the above transactions took place at market value and on an arms length basis. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The parent company is Fabrica Trading Limited. |
| The ultimate controlling party of the company is the Alexander family. |