Company Registration No. 10234329 (England and Wales)
TOZERPLAN PROPERTIES UXBRIDGE LIMITED
Unaudited accounts
for the year ended 31 March 2024
TOZERPLAN PROPERTIES UXBRIDGE LIMITED
Unaudited accounts
Contents
TOZERPLAN PROPERTIES UXBRIDGE LIMITED
Company Information
for the year ended 31 March 2024
Directors
JAYANT PINDOLIA
VINOD PINDOLIA
Company Number
10234329 (England and Wales)
Registered Office
Tozerplan House
Arundel Road
Uxbridge
UB8 2RP
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
TOZERPLAN PROPERTIES UXBRIDGE LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
730,456
730,456
Cash at bank and in hand
1,177
1,170
Creditors: amounts falling due within one year
(315,273)
(286,650)
Net current liabilities
(312,883)
(284,771)
Total assets less current liabilities
417,573
445,685
Creditors: amounts falling due after more than one year
(353,894)
(371,838)
Called up share capital
100
100
Profit and loss account
63,579
73,747
Shareholders' funds
63,679
73,847
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2024 and were signed on its behalf by
JAYANT PINDOLIA
Director
Company Registration No. 10234329
TOZERPLAN PROPERTIES UXBRIDGE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
TOZERPLAN PROPERTIES UXBRIDGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10234329. The registered office is Tozerplan House, Arundel Road, Uxbridge, UB8 2RP.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
TOZERPLAN PROPERTIES UXBRIDGE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of
ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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Tangible fixed assets
Land & buildings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
17,598
17,253
Taxes and social security
1,719
2,641
Other creditors
81,140
51,440
Loans from directors
209,906
211,406
TOZERPLAN PROPERTIES UXBRIDGE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
353,894
371,838
8
Transactions with related parties
The ultimate controlling party during the year was Mr Vinod Pindolia by virtue of his majority shareholdings. At the year ended 31 March 2024 the company owed Mr Pindolia £209,906 (2023: £211,406).
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Average number of employees
During the year the average number of employees was 0 (2023: 0).