Company No:
Contents
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 |
Note | 31.01.2024 | 31.01.2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
|
|
|
756,500 | 778,294 | |||
Current assets | ||||
Cash at bank and in hand |
|
|
||
95,704 | 92,891 | |||
Creditors: amounts falling due within one year | 4 | (
|
(
|
|
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 | (
|
(
|
|
Provision for liabilities | 6 | (
|
(
|
|
Net (liabilities)/assets | (
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Fair value reserve |
|
|
||
Profit and loss account | 7 | (
|
(
|
|
Total shareholders' (deficit)/funds | (
|
|
Directors' responsibilities:
The financial statements of Taipan Property Investment Limited (registered number:
Laurence Ralph Creyke Garner
Director |
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.
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 £.
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.
31.01.2024 | 31.01.2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
Investment property | |
£ | |
Valuation | |
As at 01 February 2023 |
|
Fair value movement | (21,794) |
As at 31 January 2024 |
|
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 |
31.01.2024 | 31.01.2023 | ||
£ | £ | ||
Trade creditors |
|
|
|
Other creditors |
|
|
|
|
|
31.01.2024 | 31.01.2023 | ||
£ | £ | ||
Bank loans |
|
|
31.01.2024 | 31.01.2023 | ||
£ | £ | ||
At the beginning of financial year | (
|
|
|
Credited/(charged) to the Profit and Loss Account |
|
(
|
|
At the end of financial year | (
|
(
|
31.01.2024 | 31.01.2023 | ||
£ | £ | ||
Revaluation | 51,039 | 72,833 | |
Deferred Tax | (12,760) | (18,208) | |
38,279 | 54,625 |