TMP Investments Limited


Acorah Software Products - Accounts Production 14.5.601 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 12207839 Mr James Marklew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12207839 2022-09-30 12207839 2023-09-30 12207839 2022-10-01 2023-09-30 12207839 frs-core:CurrentFinancialInstruments 2023-09-30 12207839 frs-core:Non-currentFinancialInstruments 2023-09-30 12207839 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-30 12207839 frs-core:InvestmentPropertyIncludedWithinPPE 2022-09-30 12207839 frs-core:ShareCapital 2023-09-30 12207839 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 12207839 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12207839 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 12207839 frs-bus:SmallEntities 2022-10-01 2023-09-30 12207839 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12207839 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12207839 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-01 2023-09-30 12207839 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30 12207839 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 12207839 frs-bus:Director1 2022-10-01 2023-09-30 12207839 frs-countries:EnglandWales 2022-10-01 2023-09-30 12207839 2021-09-30 12207839 2022-09-30 12207839 2021-10-01 2022-09-30 12207839 frs-core:CurrentFinancialInstruments 2022-09-30 12207839 frs-core:Non-currentFinancialInstruments 2022-09-30 12207839 frs-core:ShareCapital 2022-09-30 12207839 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 12207839 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30
Registered number: 12207839
TMP Investments Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12207839
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 873,000 828,000
873,000 828,000
CURRENT ASSETS
Cash at bank and in hand 6,161 5,468
6,161 5,468
Creditors: Amounts Falling Due Within One Year 5 (16,165 ) (6,980 )
NET CURRENT ASSETS (LIABILITIES) (10,004 ) (1,512 )
TOTAL ASSETS LESS CURRENT LIABILITIES 862,996 826,488
Creditors: Amounts Falling Due After More Than One Year 6 (821,344 ) (827,073 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,878 ) (8,934 )
NET ASSETS/(LIABILITIES) 20,774 (9,519 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair Value Reserve 8 71,147 38,091
Profit and Loss Account (50,374 ) (47,611 )
SHAREHOLDERS' FUNDS 20,774 (9,519)
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For the year ending 30 September 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.
On behalf of the board
Mr James Marklew
Director
23rd April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TMP Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12207839 . The registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
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 made up of rents receiveable within the period under review.
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:
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 October 2022 828,000
Revaluation 45,000
As at 30 September 2023 873,000
Net Book Value
As at 30 September 2023 873,000
As at 1 October 2022 828,000
Investment properties have been revalued by the director to their fair value as at 30 September 2023 based on their estimated market value as at that time.
The historic costs of the investment properties as at 30 September 2023 is £780,974 (2022: £780,974).
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 6,500 2,500
Other creditors 9,665 4,480
16,165 6,980
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 603,110 607,340
Other creditors 100,578 102,077
Directors loan account 117,656 117,656
821,344 827,073
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Fair Value Reserve
£
As at 1 October 2022 38,091
Transfer to profit and loss 33,056
As at 30 September 2023 71,147
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9. Related Party Transactions
Included within Other creditors (within current liabilities) is £9,665 (2022: £4,480) due to TMP Resources Limited, a company owned by James Marklew, owner and Director of TMP Investments Limited.
Included within Creditors amounts falling due in more than one year £87,172 (2022: £88,672) due to TMP Horizon Limited, a company owned by James Marklew, owner and Director of TMP Investments Limited.
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