Tyrer Properties Limited - Accounts to registrar (filleted) - small 18.2

Tyrer Properties Limited - Accounts to registrar (filleted) - small 18.2

TYRER PROPERTIES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.6.35 03618104 director 1.1.20 31.12.20 31.12.20 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure036181042019-12-31036181042020-12-31036181042020-01-012020-12-31036181042018-12-31036181042019-01-012019-12-31036181042019-12-3103618104ns16:EnglandWales2020-01-012020-12-3103618104ns15:PoundSterling2020-01-012020-12-3103618104ns11:Director12020-01-012020-12-3103618104ns11:PrivateLimitedCompanyLtd2020-01-012020-12-3103618104ns11:SmallEntities2020-01-012020-12-3103618104ns11:AuditExempt-NoAccountantsReport2020-01-012020-12-3103618104ns11:SmallCompaniesRegimeForDirectorsReport2020-01-012020-12-3103618104ns11:SmallCompaniesRegimeForAccounts2020-01-012020-12-3103618104ns11:FullAccounts2020-01-012020-12-3103618104ns11:CompanySecretary12020-01-012020-12-3103618104ns11:RegisteredOffice2020-01-012020-12-3103618104ns6:CurrentFinancialInstruments2020-12-3103618104ns6:CurrentFinancialInstruments2019-12-3103618104ns6:Non-currentFinancialInstruments2020-12-3103618104ns6:Non-currentFinancialInstruments2019-12-3103618104ns6:ShareCapital2020-12-3103618104ns6:ShareCapital2019-12-3103618104ns6:RetainedEarningsAccumulatedLosses2020-12-3103618104ns6:RetainedEarningsAccumulatedLosses2019-12-3103618104ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2020-12-3103618104ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2019-12-3103618104ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2020-12-3103618104ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2019-12-3103618104ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2020-12-3103618104ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2019-12-3103618104ns6:Secured2020-12-3103618104ns6:Secured2019-12-31
REGISTERED NUMBER: 03618104 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

TYRER PROPERTIES LIMITED
TYRER PROPERTIES LIMITED (REGISTERED NUMBER: 03618104)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TYRER PROPERTIES LIMITED


COMPANY INFORMATION
for the Year Ended 31 December 2020







DIRECTOR: K M Tyrer



SECRETARY: K M Tyrer



REGISTERED OFFICE: 108 School Lane
Brinscall
Chorley
Lancashire
PR6 8PU



REGISTERED NUMBER: 03618104 (England and Wales)



ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: HSBC
40 Fishergate
Preston
PR1 2AD
Page 1
TYRER PROPERTIES LIMITED (REGISTERED NUMBER: 03618104)


BALANCE SHEET
31 December 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 180,960 180,960

CURRENT ASSETS
Debtors 5 425 90

CREDITORS
Amounts falling due within one year 6 37,129 32,195
NET CURRENT LIABILITIES (36,704 ) (32,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
144,256
148,855

CREDITORS
Amounts falling due after more than one
year
7
106,186
117,462
NET ASSETS 38,070 31,393

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,068 31,391
SHAREHOLDERS' FUNDS 38,070 31,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

Page 2 continued...
TYRER PROPERTIES LIMITED (REGISTERED NUMBER: 03618104)


BALANCE SHEET - continued
31 December 2020


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 director and authorised for issue on 30 September 2021 and were signed by:





K M Tyrer - Director


The notes form part of these financial statements

Page 3
TYRER PROPERTIES LIMITED (REGISTERED NUMBER: 03618104)


NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Tyrer Properties 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.

Turnover
Turnover represents rents receivable from properties rented in the year.

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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2020
and 31 December 2020 180,960
NET BOOK VALUE
At 31 December 2020 180,960
At 31 December 2019 180,960

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 425 90

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 11,453 9,410
Tax 2,304 1,946
Directors' loan accounts 21,409 18,944
Accrued expenses 1,963 1,895
37,129 32,195

Page 4 continued...
TYRER PROPERTIES LIMITED (REGISTERED NUMBER: 03618104)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans - 1-2 years 10,207 8,557
Bank loans - 2-5 years 30,622 25,670
Bank loans more 5 yr by instal 65,357 83,235
106,186 117,462

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 65,357 83,235

8. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank loans 116,393 126,019

The bank facilities are secured by way of first legal charge over the the company's freehold land and buildings and chattels. The bank also has a fixed and floating charge over the undertaking and all land and property.

9. ULTIMATE CONTROLLING PARTY

The controlling party is K M Tyrer.

Page 5