Tyrer Properties Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03618104 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

TYRER PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K M Tyrer

SECRETARY:

K M Tyrer

REGISTERED OFFICE:

181a Blackburn Road

Wheelton

Chorley

Lancashire

PR6 8EP

REGISTERED NUMBER:

03618104 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

HSBC

40 Fishergate

Preston

PR1 2AD

FIXED ASSETS

Investment property

3

180,960

180,960

CURRENT ASSETS

Debtors

4

-

350

CREDITORS

Amounts falling due within one year

5

18,096

11,587

NET CURRENT LIABILITIES

(18,096

)

(11,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

162,864

169,723

CREDITORS

Amounts falling due after more than one year

6

137,766

146,587

NET ASSETS

25,098

23,136

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

25,096

23,134

SHAREHOLDERS' FUNDS

25,098

23,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director on 30 April 2018 and were signed by:

K M Tyrer - Director

1.	STATUTORY INFORMATION

Tyrer Properties Ltd 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.

The basis of preparing the financial statements has been modified to comply with SSAP 19, "Accounting for

Investment Properties." This is explained in the note below.

Turnover

Turnover represents rents receivable from properties rented in the year.

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.

In accordance with SSAP 19, the investment properties are held on the balance sheet at open market value. They

will be revalued whenever the directors deem appropriate, with the appropriate surplus or deficit being

transferred to a revaluation reserve. No depreciation is provided in respect of these properties. This departure

from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the

opinion of the directors, necessary for the accounts to show a true and fair view in accordance with Applicable

Accounting Standards.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangements, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract

that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2016

and 31 July 2017

180,960

NET BOOK VALUE

At 31 July 2017

180,960

At 31 July 2016

180,960

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

350

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

9,883

9,362

Tax

460

-

Directors' loan accounts

5,903

115

Accrued expenses

1,850

2,110

18,096

11,587

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

9,000

9,000

Bank loans - 2-5 years

30,000

30,000

Bank loans more 5 yr by instal

98,766

107,587

137,766

146,587

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

98,766

107,587

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

146,372

155,193

The bank facilities are secured by way of first legal charge over the the company's freehold land and buildings

and chattels. The bank also has a fixed and floating charge over the undertaking and all land and property.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is K M Tyrer.