REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
4 Talbot Road Ltd. |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
4 Talbot Road Ltd. |
4 Talbot Road Ltd. (Registered number: 04876735) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
4 Talbot Road Ltd. |
Company Information |
for the Year Ended 31 August 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1st Floor |
314 Regents Park Road |
Finchley |
London |
N3 2LT |
4 Talbot Road Ltd. (Registered number: 04876735) |
Balance Sheet |
31 August 2024 |
31.8.24 | 31.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
4 Talbot Road Ltd. (Registered number: 04876735) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
4 Talbot Road Ltd. is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
During the year the company made a profit / (loss) before tax of £33,388 [2023: £1,480]. At the balance sheet date the company's current liabilities exceeded its current assets by £1,647,041 (2023: £1,673,820).This indicates a material uncertainty as to whether the going concern assumption is correct. The company is wholly reliant on the continued support of their directors. The directors have indicated that they will continue to support the company for the next twelve months. |
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 |
Fixtures and fittings | - |
Investment property |
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair at the reporting date. The surplus or deficit on revaluation is recognized in the income statement. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - |
4 Talbot Road Ltd. (Registered number: 04876735) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2023 |
and 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
Fair value at 31 August 2024 is represented by: |
£ |
Valuation in 2008 | 1,726,766 |
Valuation in 2009 | 773,234 |
Valuation in 2014 | 750,000 |
Valuation in 2017 | 7,680 |
Valuation in 2018 | (257,680 | ) |
Valuation in 2021 | 3,000,000 |
6,000,000 |
If the property had not been revalued it would have been included at the following historical cost: |
31.8.24 | 31.8.23 |
£ | £ |
Cost | 1,726,766 | 1,726,766 |
The Investment property was valued on an open market basis on 31 August 2024 by the director . |
4 Talbot Road Ltd. (Registered number: 04876735) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Trade creditors | ( |
) |
Tax |
Directors' current accounts | 1,782,752 | 1,639,211 |
Accruals and deferred income |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At 1 September 2023 the director's loan account had a credit balance of £1,639,211. During the year, the director paid company expenses of £143,541. As a result, at 31 August 2024 the company owed £1,782,752 to the director. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party of the company is the director, Mr Y David, by holding 100% of the issued share capital. |