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Company Registration No. 10026244 (England and Wales)
TREASURE ASSETS SUMMERS ROW LIMITED Unaudited accounts for the year ended 28 February 2023
TREASURE ASSETS SUMMERS ROW LIMITED Unaudited accounts Contents
Page
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TREASURE ASSETS SUMMERS ROW LIMITED Company Information for the year ended 28 February 2023
Director
Rajan Dhirajlal PITAMBER
Company Number
10026244 (England and Wales)
Registered Office
10 Woodlands Road Bushey England WD23 2LR UNITED KINGDOM
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TREASURE ASSETS SUMMERS ROW LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
680,092 
680,123 
Current assets
Cash at bank and in hand
7,699 
5,685 
Creditors: amounts falling due within one year
(4,833)
(6,073)
Net current assets/(liabilities)
2,866 
(388)
Total assets less current liabilities
682,958 
679,735 
Creditors: amounts falling due after more than one year
(718,521)
(718,521)
Net liabilities
(35,563)
(38,786)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
18,366 
18,366 
Profit and loss account
(54,029)
(57,252)
Shareholders' funds
(35,563)
(38,786)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2023 and were signed on its behalf by
Rajan Dhirajlal PITAMBER Director Company Registration No. 10026244
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TREASURE ASSETS SUMMERS ROW LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
TREASURE ASSETS SUMMERS ROW LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10026244. The registered office is 10 Woodlands Road, Bushey, England, WD23 2LR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on a going concern basis, and is dependent upon the director to continue to provide financial facilities to enable the company to continue in operation for the foreseeable future.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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TREASURE ASSETS SUMMERS ROW LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
679,999 
520 
680,519 
At 28 February 2023
679,999 
520 
680,519 
Depreciation
At 1 March 2022
- 
396 
396 
Charge for the year
- 
31 
31 
At 28 February 2023
- 
427 
427 
Net book value
At 28 February 2023
679,999 
93 
680,092 
At 28 February 2022
679,999 
124 
680,123 
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.
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,133 
5,373 
Accruals
700 
700 
4,833 
6,073 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
718,521 
718,521 
8
Loans to directors
At the year end the director had a credit balance of £225,037 (2022: £225,037) on his current account. This was an interest free loan to the company and it is included in other creditors falling due after more than one year.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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