Tyler Holdings Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01312127 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

TYLER HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D I Fowler

R C Alexander

D P Alexander

M J Keenan

REGISTERED OFFICE:

Tyler House,

58-66 Morley Road

Tonbridge

Kent

TN9 1RA

REGISTERED NUMBER:

01312127 (England and Wales)

AUDITORS:

Crane & Partners

Chartered Accountants & Statutory Auditors

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Tangible assets

4

45,427

29,091

Investments

5

2,834,094

2,229,449

Investment property

6

4,085,884

2,881,345

6,965,405

5,139,885

CURRENT ASSETS

Debtors

7

947,225

1,422,943

Cash at bank and in hand

182,298

771,206

1,129,523

2,194,149

CREDITORS

Amounts falling due within one year

8

128,669

172,602

NET CURRENT ASSETS

1,000,854

2,021,547

TOTAL ASSETS LESS CURRENT LIABILITIES

7,966,259

7,161,432

PROVISIONS FOR LIABILITIES

178,573

136,449

NET ASSETS

7,787,686

7,024,983

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,787,586

7,024,883

SHAREHOLDERS' FUNDS

7,787,686

7,024,983

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7 December 2017 and were signed on its behalf by:

D I Fowler - Director

1.	STATUTORY INFORMATION

Tyler Holdings Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Tyler Holdings Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial

statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 year 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

186,010

Additions

27,853

Disposals

(2,421

)

At 31 March 2017

211,442

DEPRECIATION

At 1 April 2016

156,919

Charge for year

10,680

Eliminated on disposal

(1,584

)

At 31 March 2017

166,015

NET BOOK VALUE

At 31 March 2017

45,427

At 31 March 2016

29,091

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2016

17,142

2,228,230

2,245,372

Additions

-

724,836

724,836

Disposals

-

(668,810

)

(668,810

)

Revaluations

-

548,619

548,619

At 31 March 2017

17,142

2,832,875

2,850,017

PROVISIONS

At 1 April 2016

and 31 March 2017

15,923

-

15,923

NET BOOK VALUE

At 31 March 2017

1,219

2,832,875

2,834,094

At 31 March 2016

1,219

2,228,230

2,229,449

Cost or valuation at 31 March 2017 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2017

-

2,832,875

2,832,875

Cost

17,142

-

17,142

17,142

2,832,875

2,850,017

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

2,881,345

Additions

1,163,918

Revaluations

40,621

At 31 March 2017

4,085,884

NET BOOK VALUE

At 31 March 2017

4,085,884

At 31 March 2016

2,881,345

Fair value at 31 March 2017 is represented by:

£

Valuation in 2017

4,085,884

The historical cost of the investment property is £3,053,947.

The properties were revalued on 31 March 2017 on an open market basis by the directors.

.

7.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

54,793

86,523

Amounts owed by group undertakings

700,000

700,000

Other debtors

146,632

585,520

901,425

1,372,043

Amounts falling due after more than one year:

Other debtors

45,800

50,900

Aggregate amounts

947,225

1,422,943

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

76,393

88,507

Other creditors

52,276

84,095

128,669

172,602

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Atkin FCA (Senior Statutory Auditor)

for and on behalf of Crane & Partners

10.	RELATED PARTY DISCLOSURES

John Tyler, Ruth Alexander, Louise Tyler and Annabel Bowie are shareholders in William Tyler and

Co., Limited. During the year Tyler Holdings Limited invoiced management charges of £48,916. (2016:

£47,594).

John Tyler is a shareholder in John Tyler Properties Limited. During the year Tyler Holdings Limited

invoiced management charges of £25,695. (2016: £23,851)

John Tyler is invoiced monies for management charges and administrative charges totalling £24,000

(2016: £80,200) and charges rent totalling £12,800 (2016: £12,800).

Ruth Alexander is invoiced monies for management charges and administrative charges totalling

£31,000 (2016: £nil).

Tyler Projects Limited is a subsidiary of Tyler Holdings Limited. At the end of the year Tyler Holdings

Limited had loaned Tyler Projects Limited £700,000 (2016: £700,000).

All the above transactions took place at market value and on an arms length basis.

11.	POST BALANCE SHEET EVENTS

The directors wish to report that the Company's largest tenant, accounting for approximately 70% of

rental income, went into administration in August 2017. Due to the bespoke nature of the buildings

there may be a considerable void period to allow for alterations or redevelopment. The directors

cannot yet quantify the financial impact of this event, but wish it to be noted.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the Tyler family.