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REGISTERED NUMBER: 04212797 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TERRAMUNDI INVESTMENTS LTD

TERRAMUNDI INVESTMENTS LTD (REGISTERED NUMBER: 04212797)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TERRAMUNDI INVESTMENTS LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: D Illari
J Ryle





SECRETARY: J Ryle





REGISTERED OFFICE: First Floor
677 High Road
North Finchley
London
N12 0DA





REGISTERED NUMBER: 04212797 (England and Wales)





ACCOUNTANTS: Bramil Associates LLP
First Floor
677 High Road
North Finchley
London
N12 0DA

TERRAMUNDI INVESTMENTS LTD (REGISTERED NUMBER: 04212797)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 648,449 664,716

CURRENT ASSETS
Investments 5 10,000 10,000
Cash at bank 26,262 23,973
36,262 33,973
CREDITORS
Amounts falling due within one year 6 43,440 51,406
NET CURRENT LIABILITIES (7,178 ) (17,433 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,271

647,283

CREDITORS
Amounts falling due after more than one
year

7

154,767

179,859
NET ASSETS 486,504 467,424

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 486,500 467,420
SHAREHOLDERS' FUNDS 486,504 467,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

TERRAMUNDI INVESTMENTS LTD (REGISTERED NUMBER: 04212797)

BALANCE SHEET - continued
31 May 2024


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 8 October 2024 and were signed on its behalf by:





J Ryle - Director


TERRAMUNDI INVESTMENTS LTD (REGISTERED NUMBER: 04212797)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Terramundi Investments Ltd 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 represents net invoiced rental received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023
and 31 May 2024 944,106
DEPRECIATION
At 1 June 2023 279,390
Charge for year 16,267
At 31 May 2024 295,657
NET BOOK VALUE
At 31 May 2024 648,449
At 31 May 2023 664,716

TERRAMUNDI INVESTMENTS LTD (REGISTERED NUMBER: 04212797)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. CURRENT ASSET INVESTMENTS
31.5.24 31.5.23
£    £   
Unlisted investments 10,000 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 30,000 28,800
Other creditors 13,440 22,606
43,440 51,406

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 154,767 177,559
Other creditors - 2,300
154,767 179,859