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Registered number: 13566789










TALWARS PRIVATE ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
TALWARS PRIVATE ESTATES LIMITED
REGISTERED NUMBER: 13566789

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
  
2,773,000
-

  
2,773,000
-

Current liablities
  

Debtors: amounts falling due within one year
 5 
-
1

Cash at bank and in hand
 6 
1,005
860

Current liablities
  
1,005
861

Creditors: amounts falling due within one year
 7 
(3,500)
(1,500)

Net current liabilities
  
 
 
(2,495)
 
 
(639)

Total assets less current liabilities
  
2,770,505
(639)

  

Net assets/(liabilities)
  
2,770,505
(639)


Capital and reserves
  

Called up share capital 
 8 
2,773,000
1

Profit and loss account
  
(2,495)
(640)

  
2,770,505
(639)


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


J Talwars
Director

Date: 15 April 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
TALWARS PRIVATE ESTATES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£



Loss for the period
-
(640)
(640)


Contributions by and distributions to owners

Shares issued during the period
1
-
1



At 1 August 2022
1
(640)
(639)



Profit for the year
-
27,145
27,145

Dividends: Equity capital
-
(29,000)
(29,000)

Shares issued during the year
2,772,999
-
2,772,999


At 31 July 2023
2,773,000
(2,495)
2,770,505


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
TALWARS PRIVATE ESTATES LIMITED
 

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

1.


General information

Talwars Private Estates Limited is a limited liability company incorporated in England and Wales. The address of its registered office and principal place of business is Peel House, Peel Street, Northam, Southampton, United Kingdom, SO14 5QT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liablities like trade and other debtors and creditors, loans from banks and other third parties, Loans to related parties and investments in ordinary shares.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 3

 
TALWARS PRIVATE ESTATES LIMITED
 

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

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
2,773,000



At 31 July 2023
2,773,000





5.


Debtors

2023
2022
£
£


Other debtors
-
1



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,005
860



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,000
1,000

Accruals and deferred income
1,500
500

3,500
1,500


Page 4

 
TALWARS PRIVATE ESTATES LIMITED
 

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

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



346,625 (2022 - 1) A Ordinary shares of £1 each
346,625
1
346,625 B Ordinary shares of £1 each
346,625
-
346,625 C Ordinary shares of £1 each
346,625
-
346,625 D Ordinary shares of £1 each
346,625
-
346,625 E Ordinary shares of £1 each
346,625
-
346,625 F Ordinary shares of £1 each
346,625
-
346,625 G Ordinary shares of £1 each
346,625
-
346,625 H Ordinary shares of £1 each
346,625
-

2,773,000

1


On 25 January 2023 the Company alloted 2,772,999 Ordinary shares of £1 each in consideration for the transfer to the Company of shares in Polystar Plastics (Holdings) Limited, a company under common control.
 


9.


Related party transactions

During the period the Company received a loan from Polystar Plastics Ltd of £2,000 (2022: £1,000).  This was an interest free loan and was still outstanding at the balance sheet date.


Page 5