Company Registration No. 03319321 (England and Wales)
TZZ ESTATES LTD
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
TZZ ESTATES LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
TZZ ESTATES LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
700,000
750,000
Current assets
Debtors
2,386
221
Cash at bank and in hand
13,595
20,514
15,981
20,735
Creditors: amounts falling due within one year
(1,334,483)
(1,307,146)
Net current liabilities
(1,318,502)
(1,286,411)
Total assets less current liabilities
(618,502)
(536,411)
Capital and reserves
Called up share capital
3
1,500
1,500
Revaluation reserve
(300,000)
(250,000)
Profit and loss account
(320,002)
(287,911)
Shareholder's funds
(618,502)
(536,411)
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 April 2017
Mr R G Tizzard
Director
Company Registration No. 03319321
TZZ ESTATES LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going concern

The company is dependent on the continued support of the director to meet its debts as and when they fall due. The director has confirmed this support will continue for the foreseeable future and therefore the accounts have been prepared on the going concern basis.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation

 

Investment properties are included in the balance sheet at their open market value. Depreciation is only provided on those investment properties which are leasehold and when the unexpired term is less than 20 years.

 

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows:

 

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

 

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 November 2015
750,000
Revaluation
(50,000)
At 31 October 2016
700,000
At 31 October 2015
750,000
TZZ ESTATES LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,500 Ordinary of £1 each
1,500
1,500
2016-10-312015-11-01falsetruetruetruetruetruetmp8B0E.html2017-04-10033193212015-11-012016-10-31033193212016-10-31033193212015-10-31033193212015-10-3103319321uk-bus:Director12015-11-012016-10-3103319321uk-bus:OrdinaryShareClass12015-11-012016-10-3103319321uk-bus:OrdinaryShareClass12016-10-3103319321uk-bus:OrdinaryShareClass12015-10-31xbrli:purexbrli:sharesiso4217:GBP

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.