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Theori & Partners Limited

Registered Number
09286709
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

Theori & Partners Limited
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

Mandeep Singh Binning
Antonis Demetri
Antonis Theori
Nicholas Theori

Registered Address

2nd Floor 10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

09286709 (England and Wales)
Theori & Partners Limited
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,350,0003,350,000
3,350,0003,350,000
Current assets
Debtors41,463,3611,214,314
Cash at bank and on hand63,226208,591
1,526,5871,422,905
Creditors amounts falling due within one year5(698,530)(683,972)
Net current assets (liabilities)828,057738,933
Total assets less current liabilities4,178,0574,088,933
Creditors amounts falling due after one year6(2,298,468)(2,264,500)
Provisions for liabilities7(312,055)(312,055)
Net assets1,567,5341,512,378
Capital and reserves
Called up share capital100100
Profit and loss account1,567,4341,512,278
Shareholders' funds1,567,5341,512,378
The financial statements were approved and authorised for issue by the Board of Directors on 30 April 2024, and are signed on its behalf by:
Mandeep Singh Binning
Director
Registered Company No. 09286709
Theori & Partners Limited
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company and are not rounded.
Turnover policy
Turnover represents the net value of rent received as per rental agreement.
Current taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation.
Investment property
Investment properties are stated at fair market valuations. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 November 223,350,0003,350,000
At 31 October 233,350,0003,350,000
Net book value
At 31 October 233,350,0003,350,000
At 31 October 223,350,0003,350,000
The valuation of the properties have been carried out by the directors and it reflects the fair value at the balance sheet date. The historical cost is 2023 - £1,953,794, 2022 - £1,953,794.
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables14,74014,740
Other debtors1,418,5001,196,000
Prepayments and accrued income30,1213,574
Total1,463,3611,214,314
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables7,1177,653
Taxation and social security42,04127,073
Other creditors646,102646,102
Accrued liabilities and deferred income3,2703,144
Total698,530683,972
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts2,298,4682,264,500
Total2,298,4682,264,500
The bank loans are secured against the properties and personal guaranties are given by the directors.
7.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2023

2022

££
Net deferred tax liability (asset)312,055312,055
Total312,055312,055
8.Related party transactions
Amount due from related parties (2023 - £1,418,500) (2022 - £1,196,000) Amount due to related parties (2023 - £646,102 ) (2022 - £646,102)