T D I Corporation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03538437 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

T D I CORPORATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A G Macdonald

S H Rough

G O'Brien

REGISTERED OFFICE:

Pinsent Masons

1 Park Row

Leeds

LS1 5AB

REGISTERED NUMBER:

03538437 (England and Wales)

AUDITORS:

McLay, McAlister & McGibbon LLP

Chartered Accountants and Statutory Auditors

145 St. Vincent Street

Glasgow

G2 5JF

BANKERS:

Bank of Scotland

Level 6

110 St Vincent Street

Glasgow

G2 5ER

CURRENT ASSETS

Stocks

-

517,650

Debtors

4

-

101,850

Cash at bank

2,433,306

1,654,387

2,433,306

2,273,887

CREDITORS

Amounts falling due within one year

5

1,248,922

1,303,553

NET CURRENT ASSETS

1,184,384

970,334

TOTAL ASSETS LESS CURRENT LIABILITIES

1,184,384

970,334

CAPITAL AND RESERVES

Called up share capital

900,002

900,002

Retained earnings

284,382

70,332

SHAREHOLDERS' FUNDS

1,184,384

970,334

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 31 October 2019 and were signed on its behalf by:

S H Rough - Director

1.	STATUTORY INFORMATION

T D I Corporation 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Key sources of estimation uncertainty

The company make judgements, estimates and assumptions about the carrying amounts of assets and liabilities

based on historical experience and other relevant factors and are reviewed on an ongoing basis. Actual outcomes

may differ from these estimates. The estimates that have the most significant effect on the amounts recognised in

the financial statements are as follows:

Valuation of Work in Progress

Development work in progress is stated at the lower of cost and net realisable value. Net realisable value is

based on estimated selling price less the estimated costs of completion and disposal assuming where appropriate

that the site will be fully developed and sold in the ordinary course of business. Whilst there is a degree of

uncertainty in these estimates, reviews to monitor are carried out regularly.

Basic financial instruments

Trade and other debtors/creditors are recognised initially at transaction price. Subsequent to initial recognition

they are measured at amortised cost using the effective interest method. If the arrangement constitutes a

financing transaction, where payment is deferred beyond normal business terms, it is measured at present value

of future payments discounted at an appropriate market rate of interest.

Turnover

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

value added tax and other sales taxes.

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value. Work in progress consists of all land and building

project costs on property development held for eventual resale. The cost of work in progress includes specific

interest costs incurred during the period to completion of construction. Net realisable value is based on

estimated selling price less the estimated costs of completion and disposal assuming where appropriate that sites

will be fully developed and sold in the ordinary course of business. Profit on development sales is recognised on

completion of the sales of individual properties.

Amounts recoverable on contracts are stated at cost plus attributable profit taken as a proportion of the work

carried out to date, if the final outcome can be assessed with reasonable certainty, and after provision for any

known or anticipated losses.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Other debtors

-

101,850

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

24,000

-

Amounts owed to group undertakings

47,469

-

Tax

519,221

63,040

VAT

529,007

-

Accrued expenses

129,225

1,240,513

1,248,922

1,303,553

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

The Report of the Auditors was unqualified.

George Macshannon (Senior Statutory Auditor)

for and on behalf of McLay, McAlister & McGibbon LLP

7.	ULTIMATE CONTROLLING PARTY

The directors consider DDev Holdings Limited to be the ultimate holding company. The company's registered

address is 204 West George Street, Glasgow.

The director Alan G. Macdonald held the majority of the issued ordinary share capital of this company

throughout the year.