TSB UK Properties Limited Filleted accounts for Companies House (small and micro)

TSB UK PROPERTIES LTD - Company Information

1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 263,623 3,450 267,073 267,073 263,623 xbrli:pure xbrli:shares iso4217:GBP 12428947 2022-07-01 2023-06-30 12428947 2023-06-30 12428947 2022-06-30 12428947 2021-07-01 2022-06-30 12428947 2022-06-30 12428947 2021-06-30 12428947 bus:Director1 2022-07-01 2023-06-30 12428947 core:LandBuildings 2022-07-01 2023-06-30 12428947 core:WithinOneYear 2023-06-30 12428947 core:WithinOneYear 2022-06-30 12428947 core:ShareCapital 2023-06-30 12428947 core:ShareCapital 2022-06-30 12428947 core:RetainedEarningsAccumulatedLosses 2023-06-30 12428947 core:RetainedEarningsAccumulatedLosses 2022-06-30 12428947 core:LandBuildings 2023-06-30 12428947 core:LandBuildings 2022-06-30 12428947 core:LandBuildings 2022-06-30 12428947 bus:Director1 2022-06-30 12428947 bus:Director1 2023-06-30 12428947 bus:Director1 2021-06-30 12428947 bus:Director1 2022-06-30 12428947 bus:Director1 2021-07-01 2022-06-30 12428947 bus:SmallEntities 2022-07-01 2023-06-30 12428947 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12428947 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12428947 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12428947 bus:FullAccounts 2022-07-01 2023-06-30

COMPANY REGISTRATION NUMBER: 12428947

TSB UK Properties Limited

Filleted Unaudited Financial Statements

30 June 2023

TSB UK Properties Limited

Statement of Financial Position

30 June 2023

	2023	2022
Note	£	£

Fixed assets

Tangible assets	5	267,073	263,623

Current assets

Debtors	6	189	–
Cash at bank and in hand		2,117	5,024
		-------	-------
		2,306	5,024

Creditors: amounts falling due within one year	7	269,134	267,509
		---------	---------
Net current liabilities		266,828	262,485
		---------	---------
Total assets less current liabilities		245	1,138
		----	-------
Net assets		245	1,138
		----	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	145	1,038
	----	-------
Shareholders funds	245	1,138
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TSB UK Properties Limited

Statement of Financial Position (continued)

30 June 2023

These financial statements were approved by the board of directors and authorised for issue on 15 March 2024 , and are signed on behalf of the board by:

Mr D Huckerby

Director

Company registration number: 12428947

TSB UK Properties Limited

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Abbey House, Birmingham Road, Bromsgrove, Worcestershire, B61 0HL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover, which is stated net of value added tax, represents amounts invoiced to third parties in the normal course of business in the United Kingdom.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).

5. Tangible assets

	Land and buildings
	£
Cost
At 1 July 2022	263,623
Additions	3,450
	---------
At 30 June 2023	267,073
	---------
Depreciation
At 1 July 2022 and 30 June 2023	–
	---------
Carrying amount
At 30 June 2023	267,073
	---------
At 30 June 2022	263,623
	---------

6. Debtors

	2023	2022
	£	£
Other debtors	189	–
	----	----

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	79,576	79,560
Trade creditors	1,012	125
Corporation tax	–	243
Other creditors	188,546	187,581
	---------	---------
	269,134	267,509
	---------	---------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D Huckerby	( 187,581)	( 3)	( 187,584)
	---------	----	---------

	2022
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr D Huckerby	( 186,600)	( 981)	( 187,581)
	---------	----	---------