Registered number
10894880
The Tale of India London Ltd
Filleted Accounts
31 August 2024
The Tale of India London Ltd
Registered number: 10894880
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3,190 3,190
Current assets
Debtors 3 50,791 50,791
Cash at bank and in hand 2,434 5,642
53,225 56,433
Creditors: amounts falling due within one year 4 (69,835) (56,216)
Net current (liabilities)/assets (16,610) 217
Total assets less current liabilities (13,420) 3,407
Creditors: amounts falling due after more than one year 5 (21,773) (27,140)
Net liabilities (35,193) (23,733)
Capital and reserves
Called up share capital 1 1
Profit and loss account (35,194) (23,734)
Shareholder's funds (35,193) (23,733)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Z A Laskar
Director
Approved by the board on 16 November 2024
The Tale of India London Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the provison of property rentals.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% SL
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 11
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 50,000 50,000
Other debtors 791 791
50,791 50,791
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Director's current account 50,968 40,041
Other creditors 8,867 6,175
69,835 56,216
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,773 27,140
6 Other information
The Tale of India London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
53 West India Dock Road
Docklands
London
E14 8HN
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