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REGISTERED NUMBER: 08400482 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Taraben Investments Ltd

Taraben Investments Ltd (Registered number: 08400482)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taraben Investments Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: V Morzaria





SECRETARY: Mrs T Morzaria





REGISTERED OFFICE: 64B Queens Road
Watford
Hertfordshire
WD1 7LA





REGISTERED NUMBER: 08400482 (England and Wales)





ACCOUNTANTS: Soneji & Co Ltd
20 egerton Close,
Pinner
Middlesex
HA5 2LP

Taraben Investments Ltd (Registered number: 08400482)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,120 12,653
Investment property 5 2,882,199 2,178,020
2,885,319 2,190,673

CURRENT ASSETS
Stocks 55,950 55,950
Debtors 6 179,678 183,510
Investments 7 31,068 31,068
Cash at bank and in hand 13,545 372,197
280,241 642,725
CREDITORS
Amounts falling due within one year 8 1,497,675 1,078,822
NET CURRENT LIABILITIES (1,217,434 ) (436,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,667,885

1,754,576

CREDITORS
Amounts falling due after more than one
year

9

795,920

815,192
NET ASSETS 871,965 939,384

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 871,865 939,284
SHAREHOLDERS' FUNDS 871,965 939,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Taraben Investments Ltd (Registered number: 08400482)

Balance Sheet - continued
29 February 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 director and authorised for issue on 22 November 2024 and were signed by:





V Morzaria - Director


Taraben Investments Ltd (Registered number: 08400482)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Taraben Investments 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.

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
Investment properties are included in the balance sheet at their own market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, accounting for investment properties, it is a departure from the general requirement of the companies Act 1985 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

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.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work-in-progress comprises direct materials, and where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Taraben Investments Ltd (Registered number: 08400482)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 50,612
Additions 4,160
At 29 February 2024 54,772
DEPRECIATION
At 1 March 2023 37,959
Charge for year 13,693
At 29 February 2024 51,652
NET BOOK VALUE
At 29 February 2024 3,120
At 28 February 2023 12,653

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 2,178,020
Additions 704,179
At 29 February 2024 2,882,199
NET BOOK VALUE
At 29 February 2024 2,882,199
At 28 February 2023 2,178,020

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 4,510 7,320
Amounts owed by group undertakings 174,318 174,318
Other debtors 850 1,872
179,678 183,510

7. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Shares in group undertakings 31,068 31,068

Taraben Investments Ltd (Registered number: 08400482)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using effective interest rate.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 33,386 52,658
Other creditors 762,534 762,534
795,920 815,192

10. RELATED PARTY DISCLOSURES

During the year the company has paid salary of £4,800 (2023: £4,800) to Mr. & Mrs. Morzaria each.

Included within creditors falling due within one year is an advanced of £300,000 (2023: £300,000) from BMZ Rentals Ltd and from New Crown Services Ltd of £106,000 (2023: £106,000), a company having common director and shareholders.

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr. Morzaria throughout the current and previous year by virtue of holding majority shareholdings together with his wife.