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REGISTERED NUMBER: 04876735 (England and Wales)















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: Mr Y David





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 04876735 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
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 4 214 268
Investment property 5 6,000,000 6,000,000
6,000,214 6,000,268

CURRENT ASSETS
Debtors 6 306,351 128,203

CREDITORS
Amounts falling due within one year 7 1,953,392 1,802,023
NET CURRENT LIABILITIES (1,647,041 ) (1,673,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,353,173

4,326,448

PROVISIONS FOR LIABILITIES 857,550 651,738
NET ASSETS 3,495,623 3,674,710

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,495,523 3,674,610
SHAREHOLDERS' FUNDS 3,495,623 3,674,710

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 21 November 2024 and were signed by:



Mr Y David - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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 - 1 ).

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 21,905
DEPRECIATION
At 1 September 2023 21,637
Charge for year 54
At 31 August 2024 21,691
NET BOOK VALUE
At 31 August 2024 214
At 31 August 2023 268

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 6,000,000
NET BOOK VALUE
At 31 August 2024 6,000,000
At 31 August 2023 6,000,000

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 302,271 124,335
Prepayments and accrued income 4,080 3,868
306,351 128,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors (1 ) 1
Tax 6,653 368
Directors' current accounts 1,782,752 1,639,211
Accruals and deferred income 163,988 162,443
1,953,392 1,802,023

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.