TN1 Property Search Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12498440 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

TN1 PROPERTY SEARCH LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Miss J M Cole

J M Smettem

SECRETARY:

Miss J M Cole

REGISTERED OFFICE:

4 Prince William Close

Worthing

West Sussex

BN14 0AZ

REGISTERED NUMBER:

12498440 (England and Wales)

ACCOUNTANTS:

Badcock Business Solutions

Chartered Accountants

4 Prince William Close

Worthing

West Sussex

BN14 0AZ

FIXED ASSETS

Tangible assets

4

3,008

802

CURRENT ASSETS

Debtors

5

1,200

-

Cash at bank

44,412

27,547

45,612

27,547

CREDITORS

Amounts falling due within one year

6

9,464

13,674

NET CURRENT ASSETS

36,148

13,873

TOTAL ASSETS LESS CURRENT LIABILITIES

39,156

14,675

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

39,056

14,575

SHAREHOLDERS' FUNDS

39,156

14,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 28 November 2022 and were signed on its behalf by:

Miss J M Cole - Director

1.	STATUTORY INFORMATION

TN1 Property Search Ltd 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.

Plant and machinery etc

-

33% on cost and 25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

1,065

Additions

2,772

At 31 March 2022

3,837

DEPRECIATION

At 1 April 2021

263

Charge for year

566

At 31 March 2022

829

NET BOOK VALUE

At 31 March 2022

3,008

At 31 March 2021

802

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Trade debtors

1,200

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/22

31/3/21

£

£

Taxation and social security

8,026

7,255

Other creditors

1,438

6,419

9,464

13,674