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REGISTERED NUMBER: 04301574 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED

TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Couling
M Silverman





REGISTERED OFFICE: 43 Manor Road
Bournemouth
Dorset
BH1 3HG





REGISTERED NUMBER: 04301574 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 04301574)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,175,000 1,175,000

CURRENT ASSETS
Debtors 5 2,051 2,051
Cash at bank 17,269 18,961
19,320 21,012
CREDITORS
Amounts falling due within one year 6 16,015 20,895
NET CURRENT ASSETS 3,305 117
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,178,305

1,175,117

CREDITORS
Amounts falling due after more than one
year

7

(207,375

)

(207,375

)

PROVISIONS FOR LIABILITIES (108,704 ) (108,704 )
NET ASSETS 862,226 859,038

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non distributable reserve 9 662,287 662,287
Retained earnings 9 199,839 196,651
SHAREHOLDER FUNDS 862,226 859,038

TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 04301574)

BALANCE SHEET - continued
31 DECEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





M Silverman - Director


TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 04301574)

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


1. STATUTORY INFORMATION

Toft Mansions Property Investments 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.

Turnover
The turnover shown in the Profit and Loss account represents rents receivable for the period.

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 Profit and loss account, 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).

TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 04301574)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,175,000
NET BOOK VALUE
At 31 December 2023 1,175,000
At 31 December 2022 1,175,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 1,175,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 404,009 404,009

Investment property was valued on an open market basis on 31 December 2017 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,051 2,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loan - Toft Mansions Freehold
Limited 7,583 7,583
Corporation tax 748 5,314
Accruals and deferred income 7,684 7,998
16,015 20,895

TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED (REGISTERED NUMBER: 04301574)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Mortgage m2 52,250 52,250
Mortgage flat 6 52,250 52,250
Mortgage flat 9 72,500 72,500
Mortgage m1 30,375 30,375
207,375 207,375

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage m2 52,250 52,250
Mortgage flat 6 52,250 52,250
Mortgage flat 9 72,500 72,500
Mortgage m1 30,375 30,375
207,375 207,375

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 January 2023 196,651 662,287 858,938
Profit for the year 3,188 - 3,188
At 31 December 2023 199,839 662,287 862,126

The non distributable reserve represents unrealised property revaluations.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TOFT MANSIONS PROPERTY INVESTMENTS
LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Toft Mansions Property Investments Limited for the year ended 31 December 2023 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Toft Mansions Property Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Toft Mansions Property Investments Limited and state those matters that we have agreed to state to the Board of Directors of Toft Mansions Property Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toft Mansions Property Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Toft Mansions Property Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Toft Mansions Property Investments Limited. You consider that Toft Mansions Property Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Toft Mansions Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


15 April 2024