T.L.G. PROPERTIES LIMITED - Annual Accounts

Form: AA - Annual Accounts

FULL ACCOUNTS MADE UP TO 31/01/11

Filed on: 12 Jul 2011

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Directors
Company secretary
Company number
Registered office
Auditor
Bankers
Solicitors
TLG PROPERTIES LIMITED
COMPANY INFORMATION
J C Hornby
S E Settle
J C Hornby
#######
Whitehall Park
Whitehall Road
Leeds
West Yorkshlre
LS## #XX
PKF (UK) LLP
Pannell House
# Queen Street
Leeds
LS# #TW
NalWest Bank PLC
# Park Row
Leeds
LS# #QT
Handelsbanken
#Th Floor
West One
### Wellmgton Street
Leeds
LS# #BA
Gordons LLP
Rlverslde West
Whltehall Road
Leeds
LS# #AW

TLG PROPERTIES LIMITED
CONTENTS
Page
Directors‘ report #
Statement of directors’ responsibilities #
Independentaudflofsrepon #-#
Profit and loss account #
Bdancesheet #
Notes to the financial statements # - ##

TLG PROPERTIES LIMITED
DIRECTORS‘ REPORT
FOR THE YEAR ENDED ## JANUARY ####
The directors present their report and the financial statements for the year ended ## January ####
Principal activities
The principal activity of the company during the year was that of commercial property development and letting
Directors
The directors who served during the year were
J C Hornby
S E Settle
Provision of information to auditor
Each of the persons who are directors at the time when this Directors‘ report is approved has confirmed that
~ so far as that director is aware, there is no relevant audit information of which the company's auditor is
unaware, and
o that director has taken all the steps that ought to have been taken as a director in order to be aware of
any information needed by the company's auditor in connection with preparing its report and to
establish that the company's auditor is aware of that information
In preparing this report, the directors have taken advantage of the small companies exemptions provided by
section ###A of the Companies Act ####
This report was approved by the board on #+ \T\,-:# <##‘ l and signed on its behalf
@<@~~ii»
J C Hornby
Secretary
Page #

TLG PROPERTIES LIMITED
STATEMENT OF DIRECTORS‘ RESPONSIBILITIES
The directors are responsible for preparing the directors‘ report and the financial statements in accordance with
applicable law and regulations
Company law requires the directors to prepare financial statements for each financial year Under that law the
directors have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) Under company law
the directors must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the company and of the pronto or loss of the company for that period In preparing
these financial statements the directors are required to
- select suitable accounting policies and then apply them consistently,
- make judgements and estimates that are reasonable and prudent,
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company will continue in business
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain
the company's transactions and disclose with reasonable accuracy at any time the financial position of the
company and enable them to ensure that the financial statements comply with the Companies Act #### They
are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities
Page #

TLG PROPERTIES LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TLG PROPERTIES LIMITED
We have audited the financial statements of TLG Properties Limited for the year ended ## January #### which
comprise the pronto and loss account, the balance sheet and the related notes The financial reporting
framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for
Smaller Entities (effective April ####) (United Kingdom Generally Accepted Accounting Practice applicable to
smaller entities)
This report is made solely to the company's members, as a body, in accordance with Chapter # of Part ## of the
Companies Act #### Our audit work has been undertaken so that we might state to the company's members
those matters we are required to state to them in an auditor's report and for no other purpose To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the
company's members as a body, for our audit work, for this report, or for the opinions we have formed
Respective responsibilities of directors and auditor
As explained more fully in the directors‘ responsibilities statement, the directors are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view Our
responsibility is to audit the financial statements in accordance with applicable law and International Standards
on Auditing (UK and Ireland) Those standards require us to comply with the Auditing Practices Board's Ethical
Standards for Auditors
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to
give reasonable assurance that the financial statements are free from material misstatement, whether caused
by fraud or error This includes an assessment of whether the accounting policies are appropriate to the
company's circumstances and have been consistently applied and adequately disclosed, the reasonableness of
significant accounting estimates made by the directors, and the overall presentation of the financial statements
In addition, we read all the financial and non-financial information in the annual report to identify material
inconsistencies with the audited financial statements If we become aware of any apparent material
misstatements or inconsistencies we consider the implications for our report
Opinion on financial statements
In our opinion the financial statements
- give a true and fair view of the state of the company's affairs as at ## January #### and of its pronto for
the year then ended,
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice applicable to smaller entities, and
- have been prepared in accordance with the requirements of the Companies Act ####
Page #

TLG PROPERTIES LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TLG PROPERTIES LIMITED
Opinion on other matter prescribed by the Companies Act ####
In our opinion the information given in the directors’ report for the financial year for which the financial
statements are prepared is consistent with the financial statements
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act #### requires us to
report to you if, in our opinion
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us, or
the financial statements are not in agreement with the accounting records and returns, or
certain disclosures of directors’ remuneration specified by law are not made, or
we have not received all the information and explanations we require for our audit, or
the directors were not entitled to prepare the financial statements and the directors’ report in accordance
with the small companies regime
%(%/z//¢)¢¢/
Robert McNaughton (Senior statutory auditor)
for and on behalf of PKF (UK) LLP, Statutory auditor
Leeds,UK #/#;,/y ##,)
Page #

TLG PROPERTIES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED ## JANUARY ####
TURNOVER
Administrative expenses
OPERATING PROFIT
Income from other fixed asset investments
Interest receivable and similar income
Note
#
#
####
£
###,###
(#a,s#o)
###,###
#,###
##,###
Interest payable and similar charges (###,###)
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION ###,###
Tax on pronto on ordinary activities # (###,###)
PROFIT FOR THE FINANCIAL YEAR ## ###,###
The notes on pages # to ## form part of these financial statements
Page #
####
£
###,###
(##,###)
###,###
#,###
##,###
(##,###)
###,###
(##,###)
###,###

TLG PROPERTIES LIMITED
REGISTERED NUMBER: #######
BALANCE SHEET
AS AT ## JANUARY ####
### # ####
Note E £ £ £
FIXED ASSETS
Investment property # #,###,### #,###,###
Investments # ##,### ##,###
#,###,### #,###,###
CURRENT ASSETS
Debtors # ## #,### ###,###
Cash at bank ###,### ###,###
###,### ###,###
CREDITORS. amounts falling due within
one year # (#,###,###) (#,###,###)
NET CURRENT LIABILITIES (###,###) (###,###)
TOTAL ASSETS LESS CURRENT LIABILITIES #,###,### #,###,###
CREDITORS: amounts falling due after
more than one year # (#,###,###) (#,###,###)
NET A$$ET$ #,###,### #,###,###
CAPITAL AND RESERVES
Called up share capital # ## ##
Investment property revaluation reserve ## ###,### ###,###
Profit and loss account ## #,###,### #,###,###
SHAREHOLDERS‘ FUNDS #,###,### #,###,###
The financial statements have been prepared in accordance with the special provisions relating to companies
subject to the small companies regime within Part ## of the Companies Act #### and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April ####)
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
#+ J## ### it _
@### ,
J C Hornby
Director
Page #

TLG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED ## JANUARY ####
#. ACCOUNTING POLICIES
#.# Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of investment properties and in accordance with the Financial Reporting Standard for
Smaller Entities (effective April ####)
#.# Turnover
Turnover, which excludes value added tax, is the value of rents receivable
#.# Investments
Investments held as axed assets are shown at cost less provision for impairment
# # Investment properties
Investment properties are included in the balance sheet at their open market value in accordance
with the Financial Reporting Standard for Smaller Entities (effective April ####) and are not
depreciated This treatment is contrary to the Companies Act #### which states that axed assets
should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair
view of the financial position of the company
#. OPERATING PROFIT
The operating pronto is stated after charging
####
£
Auditors‘ remuneration #,###
During the year, no director received any emoluments (#### - £NlL)
#. TAXATION
####
E
UK corporation tax charge on pronto for the year ###,###
Page #
####
E
###
####
£
##,###

#
TLG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED ## JANUARY ####
#. FIXED ASSET INVESTMENTS
Cost or valuation
At # February #### and ## January ####
Net book value
At ## January ####
At ## January ####
#. INVESTMENT PROPERTY
Cost
At # February #### and ## January ####
Comprising
Cost
Annual revaluation surplus/(deficit)
####
####
At ## January ####
Other fixed
asset
investments
£
##,###
##,###
##,###
Freehold
investment
Pi'°Pei't
£
#,###,###
#,###,###
###,###
##,###
#,###,###
The #### valuations were made by the Directors, on an open market value for existing use basis
#. DEBTORS
Due after more than one year
Other debtors
Due within one year
Other debtors
####
E
###,###
##,###
###,###
Page #
####
£
###,###
##,###
###,###

TLG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED ## JANUARY ####
CREDITORS.
Amounts falling due within one year
####
£
Bank Loans ###,###
Trade creditors -
Corporation tax ###,###
Social security and other taxes ##,###
Other creditors ###,# # #
#,###,###
The Bank loan has been secured over the assets of the company
CREDITORS:
Amounts falling due after more than one year
####
£
Bank loans #,###,###
Included within the above are amounts falling due as follows
####
E
Between one and two years
Bank loans ###,###
Between two and five years
Bank loans #,###,###
Over eve years _ -
Bank loans #,###,###
Creditors include amounts not wholly repayable within # years as follows
####
£
Repayable by instalments #,###,###
SHARE CAPITAL
####
E
Allotted, called up and fully paid
### Ordinary shares of £# ## each ##
Page #
####
£
###,###
###,###
##,###
##,###
###,###
#,###,###
####
£
#,###,###
####
£
###,###
#,###,###
#,###,###
####
£
#,###,###
####
£
##

. # #
TLG PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED ## JANUARY ####
RESERVES
Investment
Pi'°P@"Y
revaluation Profit and
reserve loss account
£ £
At # February #### ###,### #,###,###
Profit for the year - ###,###
At ## January #### ###,### #,###,###
RELATED PARTY TRANSACTIONS
The company has an interest in Star Walls Limited, a company of which J C Hornby is a director During
the year, dividends of £#,### (#### £#,###) were received from Star Walls Limited
Included in other creditors is a loan of £###,### (#### £###,###) from J C Hornby Interest payments
are made at a rate of #% therefore interest of £##,### was paid to J C Hornby during the year
During the year the company received rental payments from W A Smith (Leeds) Limited, a company
under common control, amounting to £###,### (#### £###,###), this includes deferred amounts totalling
£###,### (#### £###,###)
CONTROLLING PARTY
The company is controlled by J C Hornby
Page ##