Registered number
07901439
TROIKA PROPERTY INVESTMENTS LIMITED
Filleted Accounts
31 January 2024
TROIKA PROPERTY INVESTMENTS LIMITED
Registered number: 07901439
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,008,457 1,008,457
Current assets
Cash at bank and in hand 356,686 309,578
Creditors: amounts falling due within one year 4 (1,043,276) (1,042,663)
Net current liabilities (686,590) (733,085)
Net assets 321,867 275,372
Capital and reserves
Called up share capital 27 27
Profit and loss account 321,840 275,345
Shareholders' funds 321,867 275,372
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H S Khanbhai
Director
Approved by the board on 31 July 2024
TROIKA PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts 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).
Turnover
Turnover represents rent receivable in the period.
Tangible fixed assets
Investment property is included in the balance sheet at fair value. Net gains or losses from the fair value adjustments are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
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 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Investment Property
£
Cost
Fair value at 31 January 2023 1,008,457
Fair value at 31 January 2024 1,008,457
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,985 -
Taxation and social security costs 11,542 10,725
Other creditors 1,029,749 1,031,938
1,043,276 1,042,663
5 Other information
TROIKA PROPERTY INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
74 The Chase
Ickenham
Uxbridge
UB10 8ST
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