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Town Invest Ltd
Registered Number:12948796
For the year ended 31 October 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2022
Town Invest Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12948796
As at 31 October 2022
Town Invest Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
2
250,000
-
Investment property
250,000
-
Current assets
Trade and other receivables
1
-
3
-
Cash and cash equivalents
28
28
1
Trade and other payables: amounts falling due within one
year
-
(44,431)
4
1
(44,403)
Net current liabilities
Total assets less current liabilities
205,597
1
Trade and other payables: amounts falling due after more
than one year
-
(196,850)
5
8,747
Net assets
1
Capital and reserves
Called up share capital
1
1
Revaluation reserve
19,941
-
6
Retained earnings
(11,195)
-
8,747
1
Shareholders' funds
For the year ended 31 October 2022 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 of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Pritpal Singh Bance Director
These financial statements were approved and authorised for issue by the Board on 03 October 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 October 2022
Town Invest Ltd
Notes to the Financial Statements
Statutory Information
Town Invest Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
12948796.
Registered address:
80 Nightingale Lane
London
E11 2EZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Investment property
Total
£
Fair value
Additions
230,059
Fair value adjustments
19,941
At 31 October 2022
250,000
Net book value
At 31 October 2022
250,000
3. Trade and other receivables
2021
2022
£
£
Other debtors
-
1
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
1
-
Other creditors
44,430
-
44,431
-
2 of 3
5
For the year ended 31 October 2022
Town Invest Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
196,850
-
6. Reserves
Total
£
Revaluation reserve at 01 November 2021
-
Revaluation of fixed assets
19,941
19,941
Revaluation reserve at 31 October 2022
7. Average number of persons employed
During the year the average number of employees was 0
3 of 3