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REGISTERED NUMBER: 07756559 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Taikai Properties Ltd

Taikai Properties Ltd (Registered number: 07756559)






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


Taikai Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J D Ray
Mrs T M Ray





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 07756559 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Taikai Properties Ltd (Registered number: 07756559)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,466 15,835
Investments 5 7,680,465 1,981,694
7,693,931 1,997,529

CURRENT ASSETS
Debtors 6 1,110,295 1,133,960
Cash at bank and in hand 824,019 6,272,263
1,934,314 7,406,223
CREDITORS
Amounts falling due within one year 7 239,340 125,090
NET CURRENT ASSETS 1,694,974 7,281,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,388,905

9,278,662

PROVISIONS FOR LIABILITIES 6,657 3,952
NET ASSETS 9,382,248 9,274,710

CAPITAL AND RESERVES
Called up share capital 125 125
Revaluation reserve 8 14,174 4,281
Retained earnings 9,367,949 9,270,304
SHAREHOLDERS' FUNDS 9,382,248 9,274,710

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.

Taikai Properties Ltd (Registered number: 07756559)

Balance Sheet - continued
31 March 2024


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 19 November 2024 and were signed on its behalf by:





J D Ray - Director


Taikai Properties Ltd (Registered number: 07756559)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Taikai Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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

3. EMPLOYEES AND DIRECTORS

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

Taikai Properties Ltd (Registered number: 07756559)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 71,415
Additions 2,247
At 31 March 2024 73,662
DEPRECIATION
At 1 April 2023 55,580
Charge for year 4,616
At 31 March 2024 60,196
NET BOOK VALUE
At 31 March 2024 13,466
At 31 March 2023 15,835

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 1,981,694
Additions 6,158,305
Disposals (472,725 )
Revaluations 13,191
At 31 March 2024 7,680,465
NET BOOK VALUE
At 31 March 2024 7,680,465
At 31 March 2023 1,981,694

Taikai Properties Ltd (Registered number: 07756559)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2021 46,342
Valuation in 2022 18,809
Valuation in 2023 (9,971 )
Valuation in 2024 13,191
Cost 7,612,094
7,680,465

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,110,295 1,133,960

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 238,140 123,891
Other creditors 1,200 1,199
239,340 125,090

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 4,281
Investment 9,893

At 31 March 2024 14,174