Tillasu Estates Limited
Tillasu Estates Limited
Registered number: 00411978
Unaudited Financial Statements
For The Year Ended
30 September 2021
Tillasu Estates Limited
Unaudited Financial Statements
For The Year Ended
30 September 2021
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Tillasu Estates Limited
Balance Sheet
As at
30 September 2021
Balance Sheet
Registered number:
00411978
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
2021 | 2020 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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Investments | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 9 |
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Revaluation reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 1,903,474 | 1,654,977 | |||
Tillasu Estates Limited
Balance Sheet (continued)
As at
30 September 2021
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
Tillasu Estates Limited
Notes to the Financial Statements
For The Year Ended
30 September 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.4.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2020: 1)
3.
Tangible Assets
Investment Properties | |
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£ | |
Cost or Valuation | |
As at
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Disposals |
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As at
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Net Book Value | |
As at
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As at
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Tillasu Estates Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 September 2021
4.
Investments
Unlisted | |
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£ | |
Cost | |
As at
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812,397 |
As at
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812,397 |
Provision | |
As at
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- |
As at
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- |
Net Book Value | |
As at
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812,397 |
As at
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812,397 |
The above investments are all held in subsidiaries of the company.
5.
Debtors
2021 | 2020 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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6.
Creditors: Amounts Falling Due Within One Year
2021 | 2020 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Other creditors | 98,255 | 89,851 | |
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7.
Creditors: Amounts Falling Due After More Than One Year
2021 | 2020 | ||
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£ | £ | ||
Bank loans |
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Other creditors | 603,553 | 603,553 | |
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8.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2021 | 2020 | ||
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£ | £ | ||
Bank loans and overdrafts | - | 196,937 |
Tillasu Estates Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 September 2021
10.
Related Party Transactions
Included in short term creditors is an amount of £87,422 (2020: £87,422) owed to other companies under common control with this company. The loans comprising this amount are unsecured, interest free and repayable on demand.
11.
General Information
Tillasu Estates Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
00411978
. The registered office is Tarn House, C/O Fox Jennings, 77 High Street Yeadon Leeds, West Yorkshire, LS19 7SP.