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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2017 |
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TANFIELD PROPERTIES LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2017 |
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FOR |
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TANFIELD PROPERTIES LIMITED |
TANFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 00639371) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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TANFIELD PROPERTIES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Sterling House |
20 Station Road |
Gerrards Cross |
Buckinghamshire |
SL9 8EL |
TANFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 00639371) |
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BALANCE SHEET |
30 JUNE 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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TANFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 00639371) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
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1. | STATUTORY INFORMATION |
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Tanfield Properties Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents income receivable in the form of rent due from investment properties. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Investment property |
Investment property is included at fair value. Gains/losses on revaluation are recognised in the income statement within |
other operating gains/losses. Deferred taxation is provided for on the indexed gains/losses at the rate expected to apply |
when the property is sold. |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
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COST |
At 1 July 2016 |
and 30 June 2017 |
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DEPRECIATION |
At 1 July 2016 |
and 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 July 2016 |
and 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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TANFIELD PROPERTIES LIMITED (REGISTERED NUMBER: 00639371) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
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4. | INVESTMENT PROPERTY - continued |
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Fair value at 30 June 2017 is represented by: |
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£ |
Valuation in 2014 | 178,795 |
Valuation in 2015 | 395,000 |
Valuation in 2016 | 135,000 |
Cost | 156,205 |
865,000 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | RESERVES |
Fair value |
reserve |
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At 1 July 2016 |
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Transfer of deferred tax on |
investment properties | 2,043 |
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At 30 June 2017 |
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8. | FIRST YEAR ADOPTION |
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This is the first financial year that the company has presented its financial statements in accordance with the provisions of |
Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Framework Applicable in the UK |
and Republic of Ireland (FRS 102 1A). For financial years up to and including the year ended 30 June 2016, the company |
prepared its financial statements in accordance with the old UK GAAP. |