Tyce Properties Limited - Accounts to registrar (filleted) - small 18.2

Tyce Properties Limited - Accounts to registrar (filleted) - small 18.2

TYCE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 02216480 (England and Wales)











Financial Statements

for the Year Ended 31 March 2020

for

TYCE PROPERTIES LIMITED
TYCE PROPERTIES LIMITED (REGISTERED NUMBER: 02216480)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TYCE PROPERTIES LIMITED

Company Information
for the Year Ended 31 March 2020







DIRECTOR: Mr D T R Brunt





SECRETARY: N L Secretaries Ltd





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 02216480 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY
Page 1
TYCE PROPERTIES LIMITED (REGISTERED NUMBER: 02216480)

Balance Sheet
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,192 1,589
Investment property 5 525,000 525,000
526,192 526,589

CURRENT ASSETS
Cash at bank and in hand 173,998 169,664

CREDITORS
Amounts falling due within one year 6 144,583 151,693
NET CURRENT ASSETS 29,415 17,971
TOTAL ASSETS LESS CURRENT
LIABILITIES
555,607
544,560

CAPITAL AND RESERVES
Called up share capital 7 3 3
Fair value reserve 8 227,844 227,844
Retained earnings 8 327,760 316,713
SHAREHOLDERS' FUNDS 555,607 544,560

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 notes form part of these financial statements

Page 2 continued...
TYCE PROPERTIES LIMITED (REGISTERED NUMBER: 02216480)

Balance Sheet - continued
31 March 2020


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 director and authorised for issue on 26 November 2020 and were signed by:





Mr D T R Brunt - Director


The notes form part of these financial statements

Page 3
TYCE PROPERTIES LIMITED (REGISTERED NUMBER: 02216480)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Tyce Properties 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 4 continued...
TYCE PROPERTIES LIMITED (REGISTERED NUMBER: 02216480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 April 2019
and 31 March 2020 26,845
DEPRECIATION
At 1 April 2019 25,256
Charge for year 397
At 31 March 2020 25,653
NET BOOK VALUE
At 31 March 2020 1,192
At 31 March 2019 1,589

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019
and 31 March 2020 525,000
NET BOOK VALUE
At 31 March 2020 525,000
At 31 March 2019 525,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Taxation and social security 7,962 8,142
Other creditors 136,621 143,551
144,583 151,693

Page 5 continued...
TYCE PROPERTIES LIMITED (REGISTERED NUMBER: 02216480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.20 31.3.19
value: £    £   
3 Ordinary £1 3 3

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2019 316,713 227,844 544,557
Profit for the year 33,547 33,547
Dividends (22,500 ) (22,500 )
At 31 March 2020 327,760 227,844 555,604

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £2,570 (2019: Nil).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D T R Brunt.

Page 6