Tealby Estates Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05126302 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2022

for

Tealby Estates Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

M S Nagra

SECRETARY:

M S Nagra

REGISTERED OFFICE:

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

REGISTERED NUMBER:

05126302 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

HSBC

Merit House

Saxon Way

Priory Park West

Hessle

HU13 9PB

FIXED ASSETS

Tangible assets

4

2,287

-

Investment property

5

1,110,769

1,244,811

1,113,056

1,244,811

CURRENT ASSETS

Debtors

145,554

132,710

Cash at bank

34,917

17,012

180,471

149,722

CREDITORS

Amounts falling due within one year

482,911

613,919

NET CURRENT LIABILITIES

(302,440

)

(464,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

810,616

780,614

CAPITAL AND RESERVES

Called up share capital

6

100,000

100,000

Fair value reserve

7

250,771

250,771

Retained earnings

459,845

429,843

SHAREHOLDERS' FUNDS

810,616

780,614

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th January 2023 and were signed by:

M S Nagra - Director

1.	STATUTORY INFORMATION

Tealby Estates 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 as modified by the revaluation of certain assets.

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

-

25% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

2,857

At 31st March 2022

2,857

DEPRECIATION

Charge for year

570

At 31st March 2022

570

NET BOOK VALUE

At 31st March 2022

2,287

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2021

1,244,811

Additions

1,284

Disposals

(135,326

)

At 31st March 2022

1,110,769

NET BOOK VALUE

At 31st March 2022

1,110,769

At 31st March 2021

1,244,811

Fair value at 31st March 2022 is represented by:

£

Valuation in 2007

290,312

Valuation in 2021

(39,541

)

Cost

859,998

1,110,769

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100,000

Ordinary

£1

100,000

100,000

7.

RESERVES

Fair

value

reserve

£

At 1st April 2021

and 31st March 2022

250,771

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tealby Estates Limited for the year ended 31st March 2022 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tealby Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tealby Estates Limited and state those matters that we have agreed to state to the director of Tealby Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tealby Estates Limited and its director for our work or for this report.

It is your duty to ensure that Tealby Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tealby Estates Limited. You consider that Tealby Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tealby Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

30th January 2023