Tomlin Lettings & Commercial Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10677694 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Tomlin Lettings & Commercial Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K Tomlin

REGISTERED OFFICE:

Lakes End

Pachesham Park

Leatherhead

Surrey

KT22 0DJ

REGISTERED NUMBER:

10677694 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Investment property

4

395,000

151,846

CURRENT ASSETS

Debtors

-

102

Cash at bank

3,744

6,193

3,744

6,295

CREDITORS

Amounts falling due within one year

242,901

156,322

NET CURRENT LIABILITIES

(239,157

)

(150,027

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

155,843

1,819

PROVISIONS FOR LIABILITIES

27,891

-

NET ASSETS

127,952

1,819

CAPITAL AND RESERVES

Called up share capital

5

100

Retained earnings

127,852

1,719

SHAREHOLDERS' FUNDS

127,952

1,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 29 April 2020 and were signed by:

Mr K Tomlin - Director

1.	STATUTORY INFORMATION

Tomlin Lettings & Commercial 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 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 as modified by the revaluation of certain assets.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

151,846

Additions

96,358

Revaluations

146,796

At 31 March 2020

395,000

NET BOOK VALUE

At 31 March 2020

395,000

At 31 March 2019

151,846

Fair value at 31 March 2020 is represented by:

£

Valuation in 2019

395,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.20

31.3.19

£

Cost

248,204

-

Investment property was valued on an open market basis on 8 August 2019 by Walkers Commercial .

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

100

Ordinary

£1

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

31.3.20

31.3.19

£

Mr K Tomlin

Balance outstanding at start of year

(154,900

)

(154,900

)

Amounts advanced

(110,996

)

-

Amounts repaid

24,690

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(241,206

)

(154,900

)

The director loan of £241,206.03 is money advanced to the Company by the Director as at 31 March 2020. The loan

is unsecured and interest free. The loan is repayable on demand.

7.	RELATED PARTY DISCLOSURES

The director loan of £241,206.03 is money advanced to the Company by the Director as at 31 March 2020. The loan

is unsecured and interest free. The loan is repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Tomlin.

Tomlin Lettings & Commercial Limited - Accounts to registrar (filleted) - small 18.2

Tomlin Lettings & Commercial Limited - Accounts to registrar (filleted) - small 18.2