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REGISTERED NUMBER: 12837753 (England and Wales)















T Seven Property Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






T Seven Property Limited (Registered number: 12837753)

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 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: 12837753 (England and Wales)





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

T Seven Property Limited (Registered number: 12837753)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 1,635,997 20

Current assets
Debtors 5 4,950,751 4,152,826
Cash at bank 100,504 2,090,167
5,051,255 6,242,993
Creditors
Amounts falling due within one year 6 6,580,357 6,247,619
Net current liabilities (1,529,102 ) (4,626 )
Total assets less current liabilities 106,895 (4,606 )

Capital and reserves
Called up share capital 7 10 10
Retained earnings 8 106,885 (4,616 )
Shareholders' funds 106,895 (4,606 )

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 Limited (Registered number: 12837753)

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


1. Statutory information

T Seven Property 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 company meets its day to day working capital requirements through support of the parent entity and has provided a letter of support for the twelve months following the signature date of these financial statements.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about T Seven Property Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 comprises of the following:

Management fees - for the supply of project management services carried out in the period, recognised on an accrual basis.

Interest income - Interest receivable from loans provided and classified as fixed asset investments.

Financial instruments
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' for debt instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets are measured at fair value through the 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.

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.

T Seven Property Limited (Registered number: 12837753)

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


2. Accounting policies - continued

Fixed asset investments
Investments in subsidiaries are carried at cost less any provision for impairment.

Fixed assets investments listed as other loans are carried at cost plus accumulated interest less any provision for impairment.

3. Employees and directors

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

4. Fixed asset investments

2023 2022
£ £
Shares in group undertakings 70 20
Other loans 1,635,927 -
1,635,997 20

Additional information is as follows:
Shares in
group
undertakings
£
Cost
At 1 September 2022 20
Additions 50
At 31 August 2023 70
Net book value
At 31 August 2023 70
At 31 August 2022 20
Other loans
£
New in year 1,500,000
Other movement 135,927
At 31 August 2023 1,635,927

T Seven Property Limited has registered charges at Companies House for the loan provided to Springfield & Westgate Goffs Oak Limited. This includes fixed and floating charges covering all the property and undertaking of the company.

5. Debtors: amounts falling due within one year
2023 2022
£ £
Amounts owed by group undertakings 4,589,135 3,847,374
Other debtors 361,616 305,452
4,950,751 4,152,826

T Seven Property Limited (Registered number: 12837753)

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


6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 21,240 -
Amounts owed to group undertakings 1,651,448 751,351
Taxation and social security 30,340 -
Other creditors 4,877,329 5,496,268
6,580,357 6,247,619

7. Called up share capital

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

8. Reserves
Retained
earnings
£

At 1 September 2022 (4,616 )
Profit for the year 111,501
At 31 August 2023 106,885

9. Related party disclosures

Included within other creditors is a balance of £4,873,229 (2022: £5,492,768) owed to the company director