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REGISTERED NUMBER: 08546684 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TONARK DEVELOPMENTS LIMITED

TONARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08546684)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TONARK DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs D I Hogan
Mr B C Hogan





SECRETARY: Mr D P Holton





REGISTERED OFFICE: 10a (Basement)
Christina Street
London
EC2A 4PA





REGISTERED NUMBER: 08546684 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

TONARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08546684)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,585
Investment Properties 5 1,870,000 1,870,000
1,870,000 1,872,585

CURRENT ASSETS
Debtors 6 9,009 8,792
Cash at bank 6,134 23,601
15,143 32,393
CREDITORS
Amounts falling due within one year 7 16,466 18,277
NET CURRENT (LIABILITIES)/ASSETS (1,323 ) 14,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,868,677

1,886,701

CREDITORS
Amounts falling due after more than one year 8 1,400,000 1,454,000
NET ASSETS 468,677 432,701

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 222,428 222,428
Retained earnings 246,149 210,173
SHAREHOLDERS' FUNDS 468,677 432,701

TONARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08546684)

BALANCE SHEET - continued
31 MARCH 2024


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

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

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 21 October 2024 and were signed on its behalf by:





Mr B C Hogan - Director


TONARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08546684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Tonark Developments 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furnishings, Fixtures & Fittings - 24 Months Straight Line

Investment properties
Investment properties are 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 18,276
DEPRECIATION
At 1 April 2023 15,691
Charge for year 2,585
At 31 March 2024 18,276
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 2,585

TONARK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08546684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,870,000
NET BOOK VALUE
At 31 March 2024 1,870,000
At 31 March 2023 1,870,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 164,428
Valuation in 2023 58,000
Cost 1,647,572
1,870,000

Investment properties were valued on an open market basis on 31 March 2024 by the Directors' .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,880 2,880
Other debtors 6,129 5,912
9,009 8,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,081 4,009
Other creditors 6,385 14,268
16,466 18,277

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,400,000 1,454,000

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 222,428