IRIS Accounts Production v23.3.1.45 08749717 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure087497172022-03-31087497172023-03-31087497172022-04-012023-03-31087497172021-03-31087497172021-04-012022-03-31087497172022-03-3108749717ns16:EnglandWales2022-04-012023-03-3108749717ns15:PoundSterling2022-04-012023-03-3108749717ns11:Director12022-04-012023-03-3108749717ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3108749717ns11:SmallEntities2022-04-012023-03-3108749717ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3108749717ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108749717ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108749717ns11:FullAccounts2022-04-012023-03-3108749717ns11:RegisteredOffice2022-04-012023-03-3108749717ns6:CurrentFinancialInstruments2023-03-3108749717ns6:CurrentFinancialInstruments2022-03-3108749717ns6:ShareCapital2023-03-3108749717ns6:ShareCapital2022-03-3108749717ns6:RetainedEarningsAccumulatedLosses2023-03-3108749717ns6:RetainedEarningsAccumulatedLosses2022-03-3108749717ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3108749717ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
















TANSARI LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2023






TANSARI LIMITED (REGISTERED NUMBER: 08749717)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TANSARI LIMITED

Company Information
for the year ended 31st March 2023







DIRECTOR: N M Kollakis





REGISTERED OFFICE: 25 Allerton Road
Woolton
Liverpool
L25 7RA





REGISTERED NUMBER: 08749717 (England and Wales)






TANSARI LIMITED (REGISTERED NUMBER: 08749717)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,198,335 1,198,335

CURRENT ASSETS
Debtors 5 190,108 69,607
Cash at bank 26,560 166,972
216,668 236,579
CREDITORS
Amounts falling due within one year 6 12,311 78,643
NET CURRENT ASSETS 204,357 157,936
TOTAL ASSETS LESS CURRENT LIABILITIES 1,402,692 1,356,271

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,402,682 1,356,261
SHAREHOLDERS' FUNDS 1,402,692 1,356,271

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 30th July 2023 and were signed by:





N M Kollakis - Director


TANSARI LIMITED (REGISTERED NUMBER: 08749717)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Tansari 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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a high risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are:

- Investment properties are reviewed annually and are revalued in line with managements' opinion of the value of those properties at each balance sheet date. The revaluation is based on historical experience as well as considering future events which may impact the value of investment property, such as changes in market demands.

Turnover
Turnover represents rents received, excluding value added tax.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs.

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.

TANSARI LIMITED (REGISTERED NUMBER: 08749717)

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

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 1,198,335
NET BOOK VALUE
At 31st March 2023 1,198,335
At 31st March 2022 1,198,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 99,941 11,743
Other debtors 90,167 57,864
190,108 69,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,555 27,329
Other creditors 6,756 51,314
12,311 78,643

TANSARI LIMITED (REGISTERED NUMBER: 08749717)

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

7. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £99,941 (2022-£11,143) owing from Nasitra Limited, the ultimate parent company, which the director Mr N Kollakis controls.

Included in debtors is an amount of £84,379 (2022-£48,939) owing from Kollko Limited, a company in which Mr N Kollakis controls.