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Registered Number: 12658534


 

 

 

TOWER 22 LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023
Director Krishnan Julian Satkumam
Registered Number 12658534
Registered Office 98 Godstone Road
Kenely
CR8 5AB
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 September 2023.
Principal activities
Principal activity of the company during the financial year was of Development of building projects, Construction of commercial buildings
Director
The director who served the company throughout the year was as follows:
Krishnan Julian Satkumam
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Krishnan Julian Satkumam
Director

Date approved: 25 September 2024
2
 
 
Notes
 
2023
£
  2022
£
Gross profit  
Administrative expenses (240,608)  
Operating profit/(loss) (240,608)  
Profit/(Loss) on ordinary activities before taxation (240,608)  
Tax on profit on ordinary activities  
Profit/(Loss) for the financial year (240,608)  
 
3
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 3 4,469,931    100 
Cash at bank and in hand 416   
4,470,347    100 
Net current assets 4,470,347    100 
 
Total assets less current liabilities 4,470,347    100 
Creditors: amount falling due after more than one year 4 (4,710,855)  
Net assets (240,508)   100 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (240,608)  
Shareholders' funds (240,508)   100 
 


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 25 September 2024 and were signed by:


-------------------------------
Krishnan Julian Satkumam
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 October 2021 100  100 
Total comprehensive income for the year
Total investments by and distributions to owners
At 30 September 2022 100  100 
At 01 October 2022 100  100 
Profit for the year (240,608) (240,608)
Total comprehensive income for the year (240,608) (240,608)
Total investments by and distributions to owners
At 30 September 2023 100  (240,608) (240,508)
5
General Information
Tower 22 Ltd is a private company, limited by shares, registered in , registration number 12658534, registration address 98 Godstone Road , Kenely, CR8 5AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees


Average number of employees during the year was 0 (2022 : 0).
3.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 370,887    100 
VAT 12,916   
383,803    100 

3.

Debtors: amounts falling due after one year

2023
£
  2022
£
Amount Owed by Group Undertakings 4,086,128   
4,086,128   

4.

Creditors: amount falling due within one year

2023
£
  2022
£
 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 3,077,777   
Amounts Owed to Group Undertakings 1,633,078   
4,710,855   

6