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REGISTERED NUMBER: 04562246 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

TOCIO PROJECTS LIMITED

TOCIO PROJECTS LIMITED (REGISTERED NUMBER: 04562246)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOCIO PROJECTS LIMITED

Company Information
for the Year Ended 31st December 2023







DIRECTOR: T E Wood





SECRETARY: Mrs S J Wood





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 04562246 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

TOCIO PROJECTS LIMITED (REGISTERED NUMBER: 04562246)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 686,477 792,456
Cash at bank 287 1,259
686,764 793,715
CREDITORS
Amounts falling due within one year 6 620,984 763,067
NET CURRENT ASSETS 65,780 30,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,880

30,748

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,878 30,746
SHAREHOLDERS' FUNDS 65,880 30,748

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2024 and were signed by:





T E Wood - Director


TOCIO PROJECTS LIMITED (REGISTERED NUMBER: 04562246)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Tocio Projects 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.

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.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

TOCIO PROJECTS LIMITED (REGISTERED NUMBER: 04562246)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 100
NET BOOK VALUE
At 31st December 2023 100
At 31st December 2022 100

The investment of £100 represents 100 Ordinary shares in Warnford Calf Shed Ltd being 50% of the issued share capital. The company is creating a development of residential properties on the outskirts of Warnford in Hampshire.

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 5,200
Amounts owed by group undertakings 500,149 495,699
Other debtors 186,328 241,228
686,477 742,127

Amounts falling due after more than one year:
Other debtors - 50,329

Aggregate amounts 686,477 792,456

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,242 -
Taxation and social security 8,241 4,900
Other creditors 611,501 758,167
620,984 763,067

TOCIO PROJECTS LIMITED (REGISTERED NUMBER: 04562246)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
T E Wood
Balance outstanding at start of year 757,166 604,180
Amounts advanced 2,636 311,986
Amounts repaid (374,300 ) (159,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 385,502 757,166

8. RELATED PARTY DISCLOSURES

As at 31st December 2023 the company had loaned Warnford Calf Shed Limited £500,149 (2022: £495,699). This interest free loan is repayable on demand. The company owns 50% of the shares in Warnford Calf Shed Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs Wood jointly.