Developments by T&L2 Limited 31/01/2024 iXBRL

DEVELOPMENTS BY T&L2 LIMITED - Company Information

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Company registration number: 13855307

DEVELOPMENTS BY T&L2 LIMITED

31 January 2024

HEYWOODS

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

DEVELOPMENTS BY T&L2 LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

DEVELOPMENTS BY T&L2 LIMITED

DIRECTORS AND OTHER INFORMATION


	Director	Mr R C Altman


	Company number	13855307


	Registered office	228 Graham Road
		Sheffield
		S10 3GS


	Business address	228 Graham Road
		Sheffield
		S10 3GS


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

DEVELOPMENTS BY T&L2 LIMITED

CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DEVELOPMENTS BY T&L2 LIMITED

YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Developments by T&L2 Limited for the year ended 31 January 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Developments by T&L2 Limited, as a body, in accordance with the terms of our engagement letter dated 29 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Developments by T&L2 Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Developments by T&L2 Limited and its director as a body for our work or for this report.

It is your duty to ensure that Developments by T&L2 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Developments by T&L2 Limited. You consider that Developments by T&L2 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Developments by T&L2 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

3 April 2024

DEVELOPMENTS BY T&L2 LIMITED

STATEMENT OF FINANCIAL POSITION

31 JANUARY 2024

		31/01/24		31/01/23
	Note	£	£	£	£

Fixed assets
Tangible assets	5	273,064		263,523
		_______		_______
			273,064		263,523

Current assets
Debtors	6	286		-
Cash at bank and in hand		4,256		-
		_______		_______
		4,542		-
Creditors: amounts falling due
within one year	7	( 286,180)		( 267,759)
		_______		_______
Net current liabilities			( 281,638)		( 267,759)
			_______		_______
Total assets less current liabilities			( 8,574)		( 4,236)

			_______		_______
Net liabilities			( 8,574)		( 4,236)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 8,576)		( 4,238)
			_______		_______
Shareholders deficit			( 8,574)		( 4,236)
			_______		_______

For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 March 2024 , and are signed on behalf of the board by:

Mr R C Altman

Director

Company registration number: 13855307

DEVELOPMENTS BY T&L2 LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 JANUARY 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 February 2022	-	-	-

Loss for the year		( 4,238)	( 4,238)
	_______	_______	_______
Total comprehensive income for the year	-	( 4,238)	( 4,238)

Issue of shares	2		2
	_______	_______	_______
Total investments by and distributions to owners	2	-	2

	_______	_______	_______
At 31 January 2023 and 1 February 2023	2	( 4,238)	( 4,236)

Loss for the year		( 4,338)	( 4,338)
	_______	_______	_______
Total comprehensive income for the year	-	( 4,338)	( 4,338)

	_______	_______	_______
At 31 January 2024	2	( 8,576)	( 8,574)
	_______	_______	_______

DEVELOPMENTS BY T&L2 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 228 Graham Road, Sheffield, S10 3GS.

2. Statement of compliance

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

Going concern

The company is insolvent and relies on the continued support of the director.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 February 2023	263,523	-	263,523
Additions	6,261	3,407	9,668
	_______	_______	_______
At 31 January 2024	269,784	3,407	273,191
	_______	_______	_______
Depreciation
At 1 February 2023	-	-	-
Charge for the year	-	127	127
	_______	_______	_______
At 31 January 2024	-	127	127
	_______	_______	_______
Carrying amount
At 31 January 2024	269,784	3,280	273,064
	_______	_______	_______
At 31 January 2023	263,523	-	263,523
	_______	_______	_______

6. Debtors

	31/01/24	31/01/23
	£	£
Other debtors	286	-
	_______	_______

7. Creditors: amounts falling due within one year

	31/01/24	31/01/23
	£	£
Other creditors	286,180	267,759
	_______	_______

8. Directors advances, credits and guarantees

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

Year ended 31/01/24
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr R C Altman	( 267,399)	( 16,787)	( 284,186)
		_______	_______	_______

Period ended 31/01/23
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr R C Altman	-	( 267,399)	( 267,399)
		_______	_______	_______