Tilewood Properties Limited - Accounts

Tilewood Properties Limited - Accounts

TILEWOOD PROPERTIES LIMITED - Company Information

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Tilewood Properties Limited 07186196 false 1 October 2016 07186196 2016-10-01 2017-09-29 07186196 2016-09-30 07186196 2017-09-29 07186196 2015-10-01 2016-09-30 07186196 2015-09-30 07186196 2016-09-30 07186196 frs102-bus:FRS102 2016-10-01 2017-09-29 07186196 frs102-bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-29 07186196 frs102-bus:FullAccounts 2016-10-01 2017-09-29 07186196 frs102-bus:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-29 07186196 frs102-core:CurrentFinancialInstruments 2017-09-29 07186196 frs102-core:CurrentFinancialInstruments 2016-09-30 07186196 frs102-core:Non-currentFinancialInstruments 2017-09-29 07186196 frs102-core:Non-currentFinancialInstruments 2016-09-30 07186196 frs102-core:ShareCapital 2017-09-29 07186196 frs102-core:ShareCapital 2016-09-30 07186196 frs102-core:OtherReservesSubtotal 2017-09-29 07186196 frs102-core:OtherReservesSubtotal 2016-09-30 07186196 frs102-core:RetainedEarningsAccumulatedLosses 2017-09-29 07186196 frs102-core:RetainedEarningsAccumulatedLosses 2016-09-30 07186196 frs102-bus:Director1 2016-10-01 2017-09-29 07186196 frs102-core:Non-currentFinancialInstruments 2016-10-01 2017-09-29 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
07186196
Tilewood Properties Limited
Unaudited Accounts
for the period
1 October 2016 to 29 September 2017
Tilewood Properties Limited
Balance Sheet
as at 29 September 2017
Notes
 2017
£		 2016
£
Fixed assets
Tangible assets 331,455 251,455
331,455 251,455
Current assets
Debtors 74,826 48,989
Cash at bank and in hand 59,088 13,585
133,914 62,574
Creditors: amounts falling due within one year 4 (31,095) (67,874)
Net current assets / (liabilities) 102,819 (5,300)
Total assets less current liabilities 434,274 246,155
Creditors: amounts falling due after more than one year 5 (359,763) (240,860)
Total net assets (liabilities) 74,511 5,295
Capital and reserves
Called up share capital 440 440
Other reserves 2,948 2,948
Profit and loss account 71,123 1,907
Shareholders' funds 74,511 5,295

Tilewood Properties Limited
Balance Sheet
as at 29 September 2017



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 29 September 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Signed on behalf of the board of directors

...............................

Mr P Dabner

Director


Approved by the board on 10 September 2018

Company Number: 07186196 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

St Ledger House 112 London Road
Southborough
Tunbridge Wells
TN4 0PN
England

Tilewood Properties Limited
Notes to the Accounts
for the period 1 October 2016 to 29 September 2017

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Changes in accounting standards, policies and estimates
The transition to a new accounting standard has resulted to some changes in the accounting policies. The nature of these changes, and any impact on the values displayed for the comparative period, are explained in the notes below where applicable.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Investment property
Investment property is included at fair value, with any gains recognised in the profit and loss account for the period in which they occurred. Deferred tax is recognised on these gains at the rate expected to apply when the property is sold.
2. Taxation
2017 2016
£ £
UK Corporation Tax 1,070 477
Tax on profit/(loss) on ordinary activities 1,070 477

3. Employees
2017 2016
Average number of employees during the period 1 0

4. Creditors: amounts falling due within one year
2017 2016
£ £
Trade creditors 30,025 19,390
Amounts due to group undertakings 0 32,675
Other creditors 1,070 15,809
31,095 67,874

5. Creditors: amounts falling due after one year
2017 2016
£ £
Bank Loans & overdrafts 275,926 240,860
Amounts owed to group undertakings and undertakings in which the company has a participating interest 68,499 0
Other 15,338 0
359,763 240,860

Bank loans secured on the investment properties amount to £275926.The properties have charges against them.


6. Related party disclosures

Controlling party
During the year the company received a loan of £41458 from the director. The rate charged is 0%. At the balance sheet date the loan is still outstanding and is presented within creditors falling due after more than one year.