Tyrell Property Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10962940 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2020 to 30 June 2021

for

TYRELL PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr S V Harris

Registered office:

58 Southway

Southway

London

N20 8DB

Registered number:

10962940 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Juniper House

Warley Hill Business Park

The Drive

Brentwood

Essex

CM13 3BE

Fixed assets

Investment property

4

231,158

231,158

Current assets

Debtors

5

274

857

Cash at bank

81

30

355

887

Creditors

Amounts falling due within one year

6

76,934

71,173

Net current liabilities

(76,579

)

(70,286

)

Total assets less current liabilities

154,579

160,872

Creditors

Amounts falling due after more than one year

7

175,965

175,965

Net liabilities

(21,386

)

(15,093

)

Capital and reserves

Called up share capital

9

195

195

Retained earnings

(21,581

)

(15,288

)

Shareholders' funds

(21,386

)

(15,093

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2022 and were signed by:

Mr S V Harris - Director

1.	Statutory information

Tyrell Property Developments 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.

Turnover

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

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 Profit and Loss Account, 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.

Going concern

After reviewing the companies forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	Employees and directors

The average number of employees during the period was NIL (2020 - NIL).

4.	Investment property

Total

£

Fair value

At 1 April 2020

and 30 June 2021

231,158

Net book value

At 30 June 2021

231,158

At 31 March 2020

231,158

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Other debtors

-

500

Prepayments and accrued income

274

357

274

857

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Trade creditors

2,070

2,069

Other creditors

15,383

9,107

Directors' loan accounts

59,481

59,624

Accruals and deferred income

-

373

76,934

71,173

7.

Creditors: amounts falling due after more than one year

2021

2020

£

£

Bank loan

175,965

175,965

8.	Secured debts

The following secured debts are included within creditors:

2021

2020

£

£

175,965

175,965

The company has provided security on the bank loan to Belmont Green Finance Limited, by way of a negative pledge. This also includes a fixed charge. This security is provided in respect of any monies due to the chargee.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

150

A Ordinary

1

150

150

15

B Ordinary

1

15

15

30

C Ordinary

1

30

30

195

195

10.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 30 June 2021 and the year ended 31 March 2020:

2021

2020

£

£

Mr S V Harris

Balance outstanding at start of period

59,624

62,010

Amounts advanced

3,083

1,592

Amounts repaid

(3,226

)

(3,978

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

59,481

59,624