Tyce Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02216480 (England and Wales)

Financial Statements

for the Year Ended 31 March 2022

for

TYCE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D T R Brunt

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

FIXED ASSETS

Tangible assets

4

670

894

Investment property

5

525,000

525,670

525,894

CURRENT ASSETS

Cash at bank and in hand

240,795

183,083

CREDITORS

Amounts falling due within one year

6

179,311

128,963

NET CURRENT ASSETS

61,484

54,120

TOTAL ASSETS LESS CURRENT
LIABILITIES

587,154

580,014

CAPITAL AND RESERVES

Called up share capital

7

3

Fair value reserve

227,844

Retained earnings

359,307

352,167

SHAREHOLDERS' FUNDS

587,154

580,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 14 October 2022 and were signed by:

Mr D T R Brunt - Director

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 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machiner

etc

£

COST

At 1 April 2021

and 31 March 2022

26,845

DEPRECIATION

At 1 April 2021

25,951

Charge for year

224

At 31 March 2022

26,175

NET BOOK VALUE

At 31 March 2022

670

At 31 March 2021

894

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

525,000

NET BOOK VALUE

At 31 March 2022

525,000

At 31 March 2021

525,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Tax

7,404

11,026

Other creditors

113,837

Directors' current accounts

55,750

2,300

Accruals and deferred income

2,320

1,800

179,311

128,963

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

3

Ordinary

£1

3

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director an amount of £55,750 (2021: £2,300).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D T R Brunt.

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

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