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Company No: 12426161 (England and Wales)

TAIPAN PROPERTY INVESTMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

TAIPAN PROPERTY INVESTMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

TAIPAN PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2024
TAIPAN PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Michael Phillip Cheek
Laurence Ralph Creyke Garner
REGISTERED OFFICE Woodcroft Church Street
Somersham
Huntingdon
PE28 3EG
England
United Kingdom
COMPANY NUMBER 12426161 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
TAIPAN PROPERTY INVESTMENT LIMITED

BALANCE SHEET

As at 31 January 2024
TAIPAN PROPERTY INVESTMENT LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 31.01.2024 31.01.2023
£ £
Fixed assets
Investment property 3 756,500 778,294
756,500 778,294
Current assets
Cash at bank and in hand 95,704 92,891
95,704 92,891
Creditors: amounts falling due within one year 4 ( 307,589) ( 303,814)
Net current liabilities (211,885) (210,923)
Total assets less current liabilities 544,615 567,371
Creditors: amounts falling due after more than one year 5 ( 537,841) ( 537,841)
Provision for liabilities 6 ( 12,760) ( 18,208)
Net (liabilities)/assets ( 5,986) 11,322
Capital and reserves
Called-up share capital 100 100
Fair value reserve 38,279 54,625
Profit and loss account 7 ( 44,365 ) ( 43,403 )
Total shareholders' (deficit)/funds ( 5,986) 11,322

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Taipan Property Investment Limited (registered number: 12426161) were approved and authorised for issue by the Board of Directors on 28 October 2024. They were signed on its behalf by:

Laurence Ralph Creyke Garner
Director
TAIPAN PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
TAIPAN PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Taipan Property Investment Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Woodcroft Church Street, Somersham, Huntingdon, PE28 3EG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the total rents received, excluding value added tax, of sales made during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

2. Employees

31.01.2024 31.01.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 February 2023 778,294
Fair value movement (21,794)
As at 31 January 2024 756,500

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

31.01.2024 31.01.2023
£ £
Historic cost 705,461 705,461

4. Creditors: amounts falling due within one year

31.01.2024 31.01.2023
£ £
Trade creditors 0 2,553
Other creditors 307,589 301,261
307,589 303,814

5. Creditors: amounts falling due after more than one year

31.01.2024 31.01.2023
£ £
Bank loans 537,841 537,841

There are no amounts included above in respect of which any security has been given by the small entity.

6. Deferred tax

31.01.2024 31.01.2023
£ £
At the beginning of financial year ( 18,208) 0
Credited/(charged) to the Profit and Loss Account 5,448 ( 18,208)
At the end of financial year ( 12,760) ( 18,208)

7. Reserves

31.01.2024 31.01.2023
£ £
Revaluation 51,039 72,833
Deferred Tax (12,760) (18,208)
38,279 54,625