| Albert Tatman Limited |
| Registered number: |
00842715 |
| Balance Sheet |
| as at 31 August 2022 |
|
|
|
|
31/08/2022 |
05/04/2021 |
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,086,572 |
|
|
3,956,572 |
|
| Current assets |
| Debtors |
4 |
|
1,642 |
|
|
5,100 |
| Cash at bank and in hand |
|
|
2,278,769 |
|
|
889,906 |
|
|
|
2,280,411 |
|
|
895,006 |
|
|
|
|
|
|
|
| Creditors: amounts falling due within one year |
5 |
|
(282,891) |
|
|
(167,892) |
|
|
|
|
|
|
|
| Net current assets |
|
|
|
1,997,520 |
|
|
727,114 |
|
|
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
|
5,084,092 |
|
|
4,683,686 |
|
|
| Deferred taxation |
|
|
|
(634,996) |
|
|
(771,845) |
|
| Net assets |
|
|
|
4,449,096 |
|
|
3,911,841 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
640 |
|
|
640 |
| Capital redemption reserve |
|
|
|
160 |
|
|
160 |
| Profit and loss account - not distributable |
|
|
|
2,116,834 |
|
|
2,945,945 |
| Profit and loss account |
|
|
|
2,331,462 |
|
|
965,096 |
|
| Shareholders' funds |
|
|
|
4,449,096 |
|
|
3,911,841 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr C D Olivares-Alvarez |
| Director |
| Approved by the board on 16 November 2022 |
|
| Albert Tatman Limited |
| Notes to the Accounts |
| for the period from 6 April 2021 to 31 August 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Small business grant fund: |
|
Local authority grant is recognised when the amount received. |
|
Turnover |
|
Turnover comprises of revenue earned from letting commercial and residential properties. Letting income is recognised when the rent becomes due and payable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumyulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
|
Fixtures, fittings, tools and equipment |
is depreciated at the rate iof 15% on the reducing balance basis. |
|
|
Investment properties |
|
Investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is at the rate expected to apply when the properties are sold. |
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.Deferred tax in respect of revalued land and investment property is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 6 April 2021 |
3,956,413 |
|
10,764 |
|
3,967,177 |
|
Surplus on revaluation |
(45,000) |
|
- |
|
(45,000) |
|
Disposals |
(825,000) |
|
- |
|
(825,000) |
|
At 31 August 2022 |
3,086,413 |
|
10,764 |
|
3,097,177 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 6 April 2021 |
- |
|
10,605 |
|
10,605 |
|
At 31 August 2022 |
- |
|
10,605 |
|
10,605 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2022 |
3,086,413 |
|
159 |
|
3,086,572 |
|
At 5 April 2021 |
3,956,413 |
|
159 |
|
3,956,572 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2022 |
|
2021 |
| £ |
£ |
|
Historical cost |
199,519 |
|
240,408 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
199,519 |
|
240,408 |
|
The freehold properties were revalued by the directors at fair value. The resultant increase in the valuationis included in the statement of changes in equity. |
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Debtors, accrued income and prepayments |
1,642 |
|
5,100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade creditors |
14,630 |
|
8,319 |
|
Corporation tax |
244,000 |
|
118,611 |
|
Other creditors and deposits |
24,261 |
|
40,962 |
|
|
|
|
|
|
282,891 |
|
167,892 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Albert Tatman Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
3 Rancliffe Road |
|
East Ham |
|
London |
|
E6 3HN |
