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REGISTERED NUMBER: 10342844 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TIMEPLAN INVESTMENTS LIMITED

TIMEPLAN INVESTMENTS LIMITED (REGISTERED NUMBER: 10342844)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TIMEPLAN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: J Frankel





REGISTERED OFFICE: 83 Egerton Road
London
United Kingdom
N16 6UE





REGISTERED NUMBER: 10342844 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

TIMEPLAN INVESTMENTS LIMITED (REGISTERED NUMBER: 10342844)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Investments 5 451 451
Investment property 6 5,877,630 5,309,387
5,878,081 5,309,838

CURRENT ASSETS
Debtors 7 1,814,019 850,694
Cash at bank 20,659 207
1,834,678 850,901
CREDITORS
Amounts falling due within one year 8 (2,127,497 ) (1,649,075 )
NET CURRENT LIABILITIES (292,819 ) (798,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,585,262

4,511,664

CREDITORS
Amounts falling due after more than one
year

9

(4,084,250

)

(3,678,081

)

PROVISIONS FOR LIABILITIES (229,490 ) (121,524 )
NET ASSETS 1,271,522 712,059

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 518,078 518,078
Retained earnings 13 753,344 193,881
SHAREHOLDERS' FUNDS 1,271,522 712,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TIMEPLAN INVESTMENTS LIMITED (REGISTERED NUMBER: 10342844)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2023


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 and authorized for issue by the director and authorised for issue on 21 May 2024 and were signed by:





J Frankel - Director


TIMEPLAN INVESTMENTS LIMITED (REGISTERED NUMBER: 10342844)

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

1. STATUTORY INFORMATION

Timeplan Investments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover represents net rent receivable, excluding value added tax.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

TIMEPLAN INVESTMENTS LIMITED (REGISTERED NUMBER: 10342844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. FIXED ASSET INVESTMENTS
Shares in Interest Interest
group in joint in
undertakings venture associate Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 50 17 384 451
NET BOOK VALUE
At 31 August 2023 50 17 384 451
At 31 August 2022 50 17 384 451

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 5,309,387
Revaluations 568,243
At 31 August 2023 5,877,630
NET BOOK VALUE
At 31 August 2023 5,877,630
At 31 August 2022 5,309,387

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 259,323
Valuation in 2018 380,279
Valuation in 2023 568,243
Cost 4,669,785
5,877,630

The fair value of investment property was assessed by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 14,235 2,736
Other debtors 1,799,784 847,958
1,814,019 850,694

TIMEPLAN INVESTMENTS LIMITED (REGISTERED NUMBER: 10342844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 10) - 11,632
Trade creditors 5,397 19,835
Taxation and social security 64,917 37,727
Other creditors 2,057,183 1,579,881
2,127,497 1,649,075

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 10) 4,036,211 2,836,824
Other creditors 48,039 841,257
4,084,250 3,678,081

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,036,211 2,836,824

Repayable by instalments
Other loans more 5yrs instal - 791,700

Other creditors include Bounceback loan of £48,039 [2022 - £49,557]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 11,632
Other loans - 170,000
- 181,632

Amounts falling due between two and five years:
Other loans - 2-5 years 48,039 49,557

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,036,211 2,836,824

Repayable by instalments
Other loans more 5yrs instal - 791,700

TIMEPLAN INVESTMENTS LIMITED (REGISTERED NUMBER: 10342844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 4,036,211 2,836,824

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2022 193,881 518,078 711,959
Profit for the year 559,463 559,463
At 31 August 2023 753,344 518,078 1,271,422