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REGISTERED NUMBER: 11632293 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

TOV 777 LIMITED

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOV 777 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: W T Soriano





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 11632293 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Investment property 4 5,195,476 4,660,412

CURRENT ASSETS
Debtors 5 5,310 -
Cash at bank and in hand 16,812 153,176
22,122 153,176
CREDITORS
Amounts falling due within one year 6 (1,965,907 ) (2,138,310 )
NET CURRENT LIABILITIES (1,943,785 ) (1,985,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,251,691

2,675,278

CREDITORS
Amounts falling due after more than one
year

7

(3,752,398

)

(2,688,905

)

PROVISIONS FOR LIABILITIES (2,013 ) (2,013 )
NET LIABILITIES (502,720 ) (15,640 )

CAPITAL AND RESERVES
Called up share capital 9 180 180
Other reserves 8,581 8,581
Retained earnings (511,481 ) (24,401 )
SHAREHOLDERS' FUNDS (502,720 ) (15,640 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2024 and were signed by:





W T Soriano - Director


TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Tov 777 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors report net current liabilities of £2,131,227 (2022: £1,985,134 ) at the balance sheet date. The parent company confirms that it will continue to support the company and will not seek repayment of the amounts it is owed ahead of other creditors in the foreseeable future.

Due to the above the director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 4,660,412
Additions 535,064
At 31 May 2023 5,195,476
NET BOOK VALUE
At 31 May 2023 5,195,476
At 31 May 2022 4,660,412

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2021 10,594
Cost 5,184,882
5,195,476

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 5,310 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 167 -
Amounts owed to group undertakings 1,961,102 1,961,102
Other creditors 4,638 177,208
1,965,907 2,138,310

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 3,752,398 2,688,905

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,752,398 2,688,905

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 3,752,398 2,688,905

Bank loans are secured against the investment property owned by the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100
80 Preference £1 80 80
180 180

10. ULTIMATE CONTROLLING PARTY

The company is owned by Tov 7 Limited.

The ultimate controlling party is Mr W T Soriano.