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REGISTERED NUMBER: 12132082 (England and Wales)















TORENIA LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






TORENIA LIMITED (REGISTERED NUMBER: 12132082)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TORENIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mrs N Shah





REGISTERED OFFICE: 20 Bengeworth Road
Harrow
HA1 3SE





REGISTERED NUMBER: 12132082 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

TORENIA LIMITED (REGISTERED NUMBER: 12132082)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439,898 462,255

CURRENT ASSETS
Debtors 5 2,105 415
Cash at bank 11,572 16,208
13,677 16,623
CREDITORS
Amounts falling due within one year 6 424,880 450,410
NET CURRENT LIABILITIES (411,203 ) (433,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,695

28,468

CAPITAL AND RESERVES
Called up share capital 7 40 40
Retained earnings 8 28,655 28,428
SHAREHOLDERS' FUNDS 28,695 28,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 6 November 2024 and were signed by:





Mrs N Shah - Director


TORENIA LIMITED (REGISTERED NUMBER: 12132082)

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


1. STATUTORY INFORMATION

Torenia 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the rental properties are occupied by tenants.

Tangible fixed assets
Tangible fixed assets include investment properties, which are valued annually by the director. The surplus or deficit on revaluation is transferred to revaluation reserve account. No depreciation is provided in respect of investment properties; this constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their useful economic lives and is necessary to give a true and fair view. Depreciation is only one of the many factors reflected in the annual review and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TORENIA LIMITED (REGISTERED NUMBER: 12132082)

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


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 August 2023 462,255
Disposals (35,704 )
Revaluations 13,347
At 31 July 2024 439,898
NET BOOK VALUE
At 31 July 2024 439,898
At 31 July 2023 462,255

Cost or valuation at 31 July 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 462,255
Cost (22,357 )
439,898

Freehold properties were revalued at the year-end date to their fair value of £439,898 by the Directors, based on their online research. If the freehold properties were included in the balance sheet on an historical cost basis, then the carrying amount would be £462,255 (2023 - £462,255). The directors are of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore they have adopted the fair value based on their research.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,105 415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,312 3,918
Other creditors 420,568 446,492
424,880 450,410

TORENIA LIMITED (REGISTERED NUMBER: 12132082)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary Share A £1 10 10
10 Ordinary Share B £1 10 10
10 Ordinary Share C £1 10 10
10 Ordinary Share D £1 10 10
40 40

The issued share capital rank Pari Passu in all respects.

8. RESERVES
Retained
earnings
£   

At 1 August 2023 28,428
Deficit for the year (12,320 )
Dividends (800 )
Revaluation during the year 13,347
At 31 July 2024 28,655

9. RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amounts falling due within one year is £418,583 (2023: £445,383) owed to the director Mrs N Shah. This amount is unsecured, interest-free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs N Shah.