T L A Farms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03521515 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

T L A Farms Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Sir F Newman

C Newman

SECRETARY:

S F Newman

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

REGISTERED NUMBER:

03521515 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

6,382

6,680

Investment property

5

900,000

620,500

906,382

627,180

CURRENT ASSETS

Debtors

231,314

236,300

Cash at bank

1,547

783

232,861

237,083

CREDITORS

Amounts falling due within one year

8,753

4,661

NET CURRENT ASSETS

224,108

232,422

TOTAL ASSETS LESS CURRENT LIABILITIES

1,130,490

859,602

PROVISIONS FOR LIABILITIES

117,747

36,388

NET ASSETS

1,012,743

823,214

CAPITAL AND RESERVES

Called up share capital

6

432,280

432,280

Undistributable reserves

533,376

335,103

Retained earnings

47,087

55,831

SHAREHOLDERS' FUNDS

1,012,743

823,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2021 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 30 June 2022 and were signed on its behalf by:

Sir F Newman - Director

1.	STATUTORY INFORMATION

T L A Farms 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 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.

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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 (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2020

89,567

Additions

1,040

Disposals

(13,799

)

At 30 September 2021

76,808

DEPRECIATION

At 1 October 2020

82,887

Charge for year

1,237

Eliminated on disposal

(13,698

)

At 30 September 2021

70,426

NET BOOK VALUE

At 30 September 2021

6,382

At 30 September 2020

6,680

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2020

620,500

Revaluations

279,500

At 30 September 2021

900,000

NET BOOK VALUE

At 30 September 2021

900,000

At 30 September 2020

620,500

Fair value at 30 September 2021 is represented by:

£

Valuation in 2020

371,052

Valuation in 2021

279,500

Cost

249,448

900,000

The investment property was valued on an open market basis on 30 September 2021 by the directors

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

432,280

Ordinary

£1

432,280

432,280