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REGISTERED NUMBER: 12618275 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2022 to 30 June 2023

for

Titicaca Investment Ltd

Titicaca Investment Ltd (Registered number: 12618275)






Contents of the Financial Statements
for the Period 1 June 2022 to 30 June 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Titicaca Investment Ltd (Registered number: 12618275)

Statement of Financial Position
30 June 2023

30.6.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 245,000 200,000

CURRENT ASSETS
Debtors 5 173 25,000
Cash at bank 75,521 11,954
75,694 36,954
CREDITORS
Amounts falling due within one year 6 52,654 10,590
NET CURRENT ASSETS 23,040 26,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,040

226,364

CREDITORS
Amounts falling due after more than
one year

7

(171,819

)

(170,018

)

PROVISIONS FOR LIABILITIES (18,036 ) (10,400 )
NET ASSETS 78,185 45,946

Titicaca Investment Ltd (Registered number: 12618275)

Statement of Financial Position - continued
30 June 2023

30.6.23 31.5.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 81,700 44,336
Retained earnings (3,615 ) 1,510
SHAREHOLDERS' FUNDS 78,185 45,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 January 2024 and were signed on its behalf by:





Mr Edwin Rubens - Director


Titicaca Investment Ltd (Registered number: 12618275)

Notes to the Financial Statements
for the Period 1 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

Titicaca Investment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12618275

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties, 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.

Taxation
Taxation for the period 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 statement of financial position date.


Titicaca Investment Ltd (Registered number: 12618275)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 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 statement of financial position 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 period 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 period was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 200,000
Revaluations 45,000
At 30 June 2023 245,000
NET BOOK VALUE
At 30 June 2023 245,000
At 31 May 2022 200,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2021 29,369
Valuation in 2022 25,367
Valuation in 2023 45,000
Cost 145,264
245,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.5.22
£    £   
Other debtors 173 25,000

Titicaca Investment Ltd (Registered number: 12618275)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 31.5.22
£    £   
Taxation and social security - 25
Other creditors 52,654 10,565
52,654 10,590

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 31.5.22
£    £   
Other creditors 171,819 170,018

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 June 2022 44,336
Transfer to/from reserves 37,364

At 30 June 2023 81,700

Titicaca Investment Ltd (Registered number: 12618275)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 30 June 2023

10. RELATED PARTY DISCLOSURES

The company owes £5,773 ( including €5,500) to its director, Mr Edwin Rubens who is also a 45% shareholder of the company as at accounting year end date.

The company owes £5,486 (including €5,500) to its director, Miss Michele Eugenie Du Parand who is also a 45% shareholder of the company as at accounting year end date.

The company owes £338 to its director, Mr Tim Romeo Rubens who is also a 10% shareholder of the company as at accounting year end date.

The company owes £40,197 as at accounting year end date to Titicaca Trading Ltd, a company registered in United Kingdom (Company registered number: 12618226). Mr Edwin Rubens (45%) , Miss Michele Eugenie Du Parand (45%) and Mr Tim Romeo Rubens (10%) are also directors and 100% shareholders of this company.