T.P.M. Management Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 01019536 (England and Wales)

T.P.M. Management Limited

(limited by guarantee, having no share

capital)

Unaudited Financial Statements

for the Year Ended 31 October 2022

Page

Company Information

1

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs M A Durrant

Mrs G Smith

Mrs B Hutton

Mr L S Birch

Mr M C V Day

Mr A B Kerr

SECRETARY:

REGISTERED OFFICE:

10 Victoria Road South

Southsea

Hampshire

PO5 2DA

REGISTERED NUMBER:

01019536 (England and Wales)

ACCOUNTANTS:

Barter Durgan

Chartered Accountants

10, Victoria Road South

Southsea

Hampshire

PO5 2DA

BANKERS:

National Westminster Bank

130 Commercial Road

Portsmouth

Hampshire

PO1 1EJ

SOLICITORS:

Biscoes Solicitors

15a Somerset House

Hussar Court

Waterlooville

Portsmouth

Hampshire

PO7 7SG

FIXED ASSETS

Tangible assets

4

3,108

3,627

CURRENT ASSETS

Debtors

5

239

1,423

Cash at bank and in hand

126,464

52,899

126,703

54,322

CREDITORS

Amounts falling due within one year

6

165,034

102,559

NET CURRENT LIABILITIES

(38,331

)

(48,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,223

)

(44,610

)

RESERVES

Income and expenditure account

7

(35,223

)

(44,610

)

(35,223

)

(44,610

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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 4 January 2023 and were signed on its behalf by:

Mr A B Kerr - Director

Mrs B Hutton - Director

1.	STATUTORY INFORMATION

T.P.M. Management Limited is a private company, limited by guarantee , 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 the total amount of service income receivable

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

10% 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 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 November 2021

and 31 October 2022

2,720

155,366

158,086

DEPRECIATION

At 1 November 2021

489

153,970

154,459

Charge for year

27

492

519

At 31 October 2022

516

154,462

154,978

NET BOOK VALUE

At 31 October 2022

2,204

904

3,108

At 31 October 2021

2,231

1,396

3,627

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Prepayments and accrued income

239

1,423

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation

19

-

Social security and other taxes

142

153

Loan - TPM Freehold

135,523

76,235

Maintenance charges in advance

21,689

17,554

Accrued expenses

7,661

8,617

165,034

102,559

7.

RESERVES

Income

and

expenditure

account

£

At 1 November 2021

(44,610

)

Surplus for the year

9,387

At 31 October 2022

(35,223

)

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

9.	SHARE CAPITAL

The company is limited by guarantee not having a share capital