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COMPANY REGISTRATION NUMBER: 07495285
TLN PROPERTY SOLUTIONS LIMITED
Filleted Unaudited Financial Statements
31 January 2023
TLN PROPERTY SOLUTIONS LIMITED
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
403,875
1,224
Current assets
Cash at bank and in hand
16,805
7,128
Creditors: amounts falling due within one year
6
420,667
4,378
---------
-------
Net current (liabilities)/assets
( 403,862)
2,750
---------
-------
Total assets less current liabilities
13
3,974
----
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
12
3,973
----
-------
Shareholders funds
13
3,974
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have 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 financial statements were approved by the board of directors and authorised for issue on 20 October 2023 , and are signed on behalf of the board by:
Mr T L Nanthabalan
Director
Company registration number: 07495285
TLN PROPERTY SOLUTIONS LIMITED
Notes to the Financial Statements
Year ended 31st January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 2 Tricia House, 5 Tudor Road, London, E9 7FE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the amount of current tax that is recognised on taxable profit for the current and past periods.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipments
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1st February 2022
2,090
2,090
Additions
402,810
107
402,917
---------
-------
---------
At 31st January 2023
402,810
2,197
405,007
---------
-------
---------
Depreciation
At 1st February 2022
866
866
Charge for the year
266
266
---------
-------
---------
At 31st January 2023
1,132
1,132
---------
-------
---------
Carrying amount
At 31st January 2023
402,810
1,065
403,875
---------
-------
---------
At 31st January 2022
1,224
1,224
---------
-------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
750
1,038
Other creditors
419,917
3,340
---------
-------
420,667
4,378
---------
-------
7. Related party transactions
The company paid a dividend of £ 7,000 to Mr T L Nanthabalan , the director.