Tyler Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01312127 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

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

33,311

45,427

Investments

5

2,976,610

2,834,094

Investment property

6

4,470,000

4,085,884

7,479,921

6,965,405

CURRENT ASSETS

Debtors

7

920,164

947,225

Cash at bank and in hand

65,259

182,298

985,423

1,129,523

CREDITORS

Amounts falling due within one year

8

72,961

128,669

NET CURRENT ASSETS

912,462

1,000,854

TOTAL ASSETS LESS CURRENT LIABILITIES

8,392,383

7,966,259

PROVISIONS FOR LIABILITIES

262,504

178,573

NET ASSETS

8,129,879

7,787,686

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,129,779

7,787,586

SHAREHOLDERS' FUNDS

8,129,879

7,787,686

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 14 December 2018 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.

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.

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 7 (2017 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

211,442

Disposals

(4,670

)

At 31 March 2018

206,772

DEPRECIATION

At 1 April 2017

166,015

Charge for year

11,104

Eliminated on disposal

(3,658

)

At 31 March 2018

173,461

NET BOOK VALUE

At 31 March 2018

33,311

At 31 March 2017

45,427

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 April 2017

17,142

2,832,875

2,850,017

Additions

-

712,485

712,485

Disposals

-

(688,732

)

(688,732

)

Revaluations

-

118,763

118,763

At 31 March 2018

17,142

2,975,391

2,992,533

PROVISIONS

At 1 April 2017

and 31 March 2018

15,923

-

15,923

NET BOOK VALUE

At 31 March 2018

1,219

2,975,391

2,976,610

At 31 March 2017

1,219

2,832,875

2,834,094

Cost or valuation at 31 March 2018 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2018

-

2,975,391

2,975,391

Cost

17,142

-

17,142

17,142

2,975,391

2,992,533

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

4,085,884

Revaluations

384,116

At 31 March 2018

4,470,000

NET BOOK VALUE

At 31 March 2018

4,470,000

At 31 March 2017

4,085,884

Fair value at 31 March 2018 is represented by:

£

Valuation in 2018

4,470,000

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

The properties were revalued on 31 March 2018 on an open market basis by the directors.

.

7.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Trade debtors

47,941

54,793

Amounts owed by group undertakings

700,000

700,000

Other debtors

131,523

146,632

879,464

901,425

Amounts falling due after more than one year:

Other debtors

40,700

45,800

Aggregate amounts

920,164

947,225

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

13,950

76,393

Other creditors

59,011

52,276

72,961

128,669

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. (2017:

£48,916).

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

invoiced management charges of £25,695. (2017: £25,695)

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

(2017: £24,000) and charges rent totalling £12,800 (2017: £12,800).

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

£32,000 (2017: £31,000).

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 (2017: £700,000).

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

11.	ULTIMATE CONTROLLING PARTY

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