TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Registered number: 11987790
Unaudited Financial Statements
For The Year Ended
31 May 2023
ZA LTD
FMAAT AND FFA
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Unaudited Financial Statements
For The Year Ended
31 May 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountants' Report | 1 |
| Balance Sheet | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—6 |
Page 1
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Accountants' Report
For The Year Ended
31 May 2023
Accountants' Report
Report of the Accountant to the director of
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 May 2023
.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
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FMAAT AND FFA
Page 1
Page 2
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Balance Sheet
As At
31 May 2023
Balance Sheet
Registered number:
11987790
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET LIABILITIES |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (2,426) | (5,725) | |||
Page 2
Page 3
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Balance Sheet (continued)
As At
31 May 2023
On behalf of the board
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Director
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The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Statement of Changes in Equity
For The Year Ended
31 May 2023
Statement of Changes in Equity
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 June 2021 |
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(4,053) |
| Loss for the year and total comprehensive income | - |
( |
(1,672) |
| As at 31 May 2022 and 1 June 2022 |
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(5,725) |
| Profit for the year and total comprehensive income | - |
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3,299 |
| As at
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(2,426) |
Page 4
Page 5
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Notes to the Financial Statements
For The Year Ended
31 May 2023
Notes to the Financial Statements
1.
General Information
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
is a private company, limited by shares, incorporated in England & Wales, registered number
11987790
. The registered office is 8 The Leas, Minster On Sea, Sheerness, ME12 2NL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rent received.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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| Fixtures & Fittings |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was:
| 2023 | 2022 | ||
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| Office and administration |
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4.
Tangible Assets
| Land & Property | |||
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| Freehold | Fixtures & Fittings | Total | |
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| Additions |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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Page 6
TENANTS COME FIRST REAL ESTATE INVESTMENT LIMITED
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2023
5.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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6.
Creditors: Amounts Falling Due Within One Year
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| Accruals and deferred income |
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7.
Creditors: Amounts Falling Due After More Than One Year
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| £ | £ | ||
| Bank loans |
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| Shareholder contributions |
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8.
Share Capital
| 2023 | 2022 | ||
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| £ | £ | ||
| Allotted, Called up and fully paid |
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Page 6