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REGISTERED NUMBER: 02233647 (England and Wales)















TANIAS PROPERTIES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






TANIAS PROPERTIES LIMITED (REGISTERED NUMBER: 02233647)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


TANIAS PROPERTIES LIMITED

Company Information
for the year ended 31 March 2024







Directors: S S Sandhu
T Sandhu



Registered office: 2 The Briars
Warton
Tamworth
West Midlands
B79 0JY



Registered number: 02233647 (England and Wales)



Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX



Bankers: Barclays Bank plc
P O Box 9
Dudley
West Midlands
DY1 1PP

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tanias Properties 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 Tanias Properties Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Tanias Properties 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 Tanias Properties Limited and state those matters that we have agreed to state to the Board of Directors of Tanias Properties 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 Tanias Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tanias Properties 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 loss of Tanias Properties Limited. You consider that Tanias Properties 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 Tanias Properties 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.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


24 July 2024

TANIAS PROPERTIES LIMITED (REGISTERED NUMBER: 02233647)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 464,159 2,518,979
Investments 5 1 1
464,160 2,518,980

Current assets
Stocks 6 1,057,325 1,407,325
Debtors 7 64,296 40,098
Cash at bank 59,593 37,840
1,181,214 1,485,263
Creditors
Amounts falling due within one year 8 324,566 359,789
Net current assets 856,648 1,125,474
Total assets less current liabilities 1,320,808 3,644,454

Creditors
Amounts falling due after more than one year 9 134,642 442,298
Net assets 1,186,166 3,202,156

Capital and reserves
Called up share capital 11 498 498
Share premium 604,742 604,742
Revaluation reserve - 1,342,393
Retained earnings 580,926 1,254,523
Shareholders' funds 1,186,166 3,202,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TANIAS PROPERTIES LIMITED (REGISTERED NUMBER: 02233647)

Balance Sheet - continued
31 March 2024


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 24 July 2024 and were signed on its behalf by:





S S Sandhu - Director


TANIAS PROPERTIES LIMITED (REGISTERED NUMBER: 02233647)

Notes to the Financial Statements
for the year ended 31 March 2024

1. Statutory information

Tanias Properties 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially recognised at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 25% reducing balance basis
Computer Equipment - 15% reducing balance basis

Investment property
Investment properties are included at market value. All gains and losses arising on revaluation are taken directly to the profit and loss account for the year.

No depreciation or amortisation is provided in respect of freehold investment properties.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

TANIAS PROPERTIES LIMITED (REGISTERED NUMBER: 02233647)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. Accounting policies - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Freehold
investment Computer
property equipment Totals
£ £ £
Cost or valuation
At 1 April 2023 2,515,000 11,081 2,526,081
Additions - 915 915
Disposals (350,000 ) - (350,000 )
Revaluations (1,705,000 ) - (1,705,000 )
At 31 March 2024 460,000 11,996 471,996
Depreciation
At 1 April 2023 - 7,102 7,102
Charge for year - 735 735
At 31 March 2024 - 7,837 7,837
Net book value
At 31 March 2024 460,000 4,159 464,159
At 31 March 2023 2,515,000 3,979 2,518,979

The company`s freehold investment properties are held for their investment potential, with rental income being negotiated at arm`s length. They are therefore treated as investment properties and are not subject to annual depreciation.

Cost or valuation at 31 March 2024 is represented by:

Freehold
investment Computer
property equipment Totals
£ £ £
Cost 460,000 11,996 471,996

5. Fixed asset investments

The company`s investments at the Statement of Financial Position date in the share capital of companies include the following:

Tania`s Properties (Solihull) Limited
Registered office: 69 Links Drive, Solihull, West Midlands, B91 2DJ
100% Ordinary shares
100% Preference shares

TANIAS PROPERTIES LIMITED (REGISTERED NUMBER: 02233647)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. Stocks
2024 2023
£ £
Stocks 1,057,325 1,407,325

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 38,703 39,552
Corporation tax repayable 20,826 -
VAT 4,767 546
64,296 40,098

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 104,738 104,738
Corporation tax - 20,826
Other creditors 1,046 16,308
Directors' loan accounts 213,361 195,154
Accruals and deferred income 5,421 22,763
324,566 359,789

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 104,738 104,738
Bank loans - 2-5 years 29,904 314,213
Bank loans over 5 yr by
instalments - 23,347
134,642 442,298

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 yr by
instalments - 23,347
- 23,347

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 239,380 547,036

TANIAS PROPERTIES LIMITED (REGISTERED NUMBER: 02233647)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
498 Ordinary £1 498 498