T & B Investment Properties Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 13388220 (England and Wales)

T & B Investment Properties Ltd

Unaudited Financial Statements

for the Period 11th May 2021 to 30th June 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

T F H Hoppe

B W Hoppe

Registered office:

The Firs Pentrepoeth Road

Bassaleg

United Kingdom

Newport

NP10 8LN

Registered number:

13388220 (England and Wales)

Accountants:

Haines Watts Wales LLP

7 Neptune Court

Vanguard Way

Cardiff

CF24 5PJ

Fixed assets

Investment property

4

713,122

Current assets

Debtors

5

4,113

Creditors

Amounts falling due within one year

6

(713,013

)

Net current liabilities

(708,900

)

Total assets less current liabilities

4,222

Capital and reserves

Called up share capital

7

2

Retained earnings

4,220

Shareholders' funds

4,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 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 2nd April 2023 and were signed on its behalf by:

T F H Hoppe - Director

B W Hoppe - Director

1.	Statutory information

T & B Investment Properties 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.

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 period 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 period 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.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year and recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses.

3.	Employees and directors

The average number of employees during the period was 2 .

4.	Investment property

Total

£

Fair value

Additions

713,122

At 30th June 2022

713,122

Net book value

At 30th June 2022

713,122

5.

Debtors: amounts falling due within one year

£

Prepayments and accrued income

4,113

6.

Creditors: amounts falling due within one year

£

Tax

2,786

Other creditors

1,750

Directors' current accounts

706,132

Accrued expenses

2,345

713,013

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

8.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the period ended 30th June 2022:

£

T F H Hoppe

Balance outstanding at start of period

-

Amounts advanced

362,577

Amounts repaid

(9,511

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

353,066

B W Hoppe

Balance outstanding at start of period

-

Amounts advanced

362,577

Amounts repaid

(9,511

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

353,066