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REGISTERED NUMBER: 13626580 (England and Wales)















T Seven Property Rentals Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






T Seven Property Rentals Limited (Registered number: 13626580)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T Seven Property Rentals Limited

Company Information
for the year ended 31 August 2023







Director: M R Thompson





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 13626580 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

T Seven Property Rentals Limited (Registered number: 13626580)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 3,390,934 3,390,934

Current assets
Cash at bank 352,557 229,235

Creditors
Amounts falling due within one year 5 3,615,366 3,583,599
Net current liabilities (3,262,809 ) (3,354,364 )
Total assets less current liabilities 128,125 36,570

Capital and reserves
Called up share capital 6 10 10
Retained earnings 7 128,115 36,560
Shareholders' funds 128,125 36,570

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 April 2024 and were signed by:





M R Thompson - Director


T Seven Property Rentals Limited (Registered number: 13626580)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

T Seven Property Rentals 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Turnover comprises revenue recognised by the company in respect of rents receivable.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. Employees and directors

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

T Seven Property Rentals Limited (Registered number: 13626580)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


4. Investment property
Total
£
Fair value
At 1 September 2022
and 31 August 2023 3,390,934
Net book value
At 31 August 2023 3,390,934
At 31 August 2022 3,390,934

Investment property is stated at fair value as determined by the Director. This is on the basis of open market value for current use. The fair value represent the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation, in accordance with FRS102. In determining the fair value of investment property, the director makes use of historical and current market data as well as existing lease agreements.

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 653
Amounts owed to group undertakings 3,563,164 3,555,553
Taxation and social security 25,838 2,850
Other creditors 26,364 24,543
3,615,366 3,583,599

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £0.01 10 10

7. Reserves
Retained
earnings
£

At 1 September 2022 36,560
Profit for the year 91,555
At 31 August 2023 128,115

8. Related party disclosures

As at the balance sheet date a sum of £12,344 (2022 - £12,344) was owed to the director.