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REGISTERED NUMBER: 11109818 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TS PROPERTY INVEST LIMITED

TS PROPERTY INVEST LIMITED (REGISTERED NUMBER: 11109818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TS PROPERTY INVEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: T Kosa
S Kysel





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





BUSINESS ADDRESS: 5 Oakwood Avenue
Mitcham
Surrey
CR4 3DQ





REGISTERED NUMBER: 11109818 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

TS PROPERTY INVEST LIMITED (REGISTERED NUMBER: 11109818)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 480,000 480,000

CURRENT ASSETS
Debtors 5 10,000 12,214
Cash at bank 3,409 2,921
13,409 15,135
CREDITORS
Amounts falling due within one year 6 125,776 124,696
NET CURRENT LIABILITIES (112,367 ) (109,561 )
TOTAL ASSETS LESS CURRENT LIABILITIES 367,633 370,439

CREDITORS
Amounts falling due after more than one year 7 (308,807 ) (308,807 )

PROVISIONS FOR LIABILITIES (10,960 ) (10,960 )
NET ASSETS 47,866 50,672

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 32,881 32,881
Retained earnings 14,885 17,691
47,866 50,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 7 August 2024 and were signed on its behalf by:



S Kysel - Director


TS PROPERTY INVEST LIMITED (REGISTERED NUMBER: 11109818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

TS Property Invest 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Accounting policies which have a significant bearing on the reported financial position and results of the company may require subjective or complex judgements.

The principal on-going area of judgement is the investment property valuation where the director's opinion of fair value based on experience of the trade and locality has been obtained at each reporting date.

Deferred tax is directly and indirectly impacted by the estimation uncertainty arising within the investment property valuation through the timing difference that exists between the valuation and the tax base cost of the properties and if relevant, the March 1982 property valuation is also utilised in arriving at the tax base cost for certain of the investment properties.

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

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised with reference to time as the period of rental progresses so that the amount of revenue reflects the actual right to consideration by reference to the period of rental covered. Rent not billed is included in debtors and payments on account, rent received in excess of the relevant amount of revenue is deferred to future periods to which it relates and included in deferred income within creditors.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in 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.

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.

TS PROPERTY INVEST LIMITED (REGISTERED NUMBER: 11109818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Basic financial instruments
Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables 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.

Share capital
Ordinary shares are classified as equity.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 480,000
NET BOOK VALUE
At 30 November 2023 480,000
At 30 November 2022 480,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 43,841
Cost 436,159
480,000

Investment properties were valued on an open market basis at the year end by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 10,000 12,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 497
Other creditors 125,776 124,199
125,776 124,696

TS PROPERTY INVEST LIMITED (REGISTERED NUMBER: 11109818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 308,807 308,807

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 308,807 308,807

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 308,807 308,807

The bank loan is secured by a fixed charge over the company's investment property and by a floating charge over the company's assets. The bank loan is interest bearing.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date T Kosa was owed £14,342 (2022: £14,342) by the company. This loan is unsecured, non interest bearing and has no repayment terms.

At the balance sheet date S Kysel was owed £16,178 (2022: £16,178) by the company. This loan is unsecured, non interest bearing and has no repayment terms.

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £89,361 (2022: £89,361) to D2D Holdings Limited, a company controlled by the directors. The loan is unsecured, non interest bearing and repayable on demand.

At the balance sheet date the company owed £1,577 (2022: £583 was owed by D2D Project Limited) to D2D Projects Limited. The loan is unsecured, non interest bearing and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors.