Registered number
09059764
Thapar Investments Limited
Unaudited Filleted Accounts
31 March 2023
Thapar Investments Limited
Registered number: 09059764
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 319,998 319,998
Investments 4 - 2
319,998 320,000
Current assets
Debtors 5 60 60
Cash at bank and in hand 12,290 12,231
12,350 12,291
Creditors: amounts falling due within one year 6 (1,207) (2,296)
Net current assets 11,143 9,995
Net assets 331,141 329,995
Capital and reserves
Called up share capital 2 4
Revaluation reserve 7 33,435 33,435
Profit and loss account 297,704 296,556
Shareholders' funds 331,141 329,995
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Thapar
Director
Approved by the board on 11 October 2023
Thapar Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Land and buildings are stated at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation. Any revaluation increase or decrease is credited to the property valuation reserve.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 319,998
At 31 March 2023 319,998
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 319,998
At 31 March 2022 319,998
Freehold land and buildings: 2023 2022
£ £
Historical cost 286,563 286,563
Cumulative depreciation based on historical cost - -
286,563 286,563
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2022 2
Disposals (2)
At 31 March 2023 -
5 Debtors 2023 2022
£ £
Trade debtors 60 60
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 480
Taxation and social security costs 1,207 1,816
1,207 2,296
7 Revaluation reserve 2023 2022
£ £
At 1 April 2022 33,435 33,435
At 31 March 2023 33,435 33,435
8 Other information
Thapar Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Anglo Dal House
5 Spring Villa Park
Edgware
Middlesex
HA8 7EB
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