Company Registration No. 12455721 (England and Wales)
TWICKENHAM PROPERTY INVESTMENTS LTD
Unaudited accounts
for the year ended 29 February 2024
TWICKENHAM PROPERTY INVESTMENTS LTD
Unaudited accounts
Contents
TWICKENHAM PROPERTY INVESTMENTS LTD
Company Information
for the year ended 29 February 2024
Director
Kamran Zafar Farooqui
Company Number
12455721 (England and Wales)
Registered Office
C/O UNIT 1.21, BARKING ENTERPRISE CENTRE
50 CAMBRIDGE ROAD
BARKING
IG11 8FG
ENGLAND
Accountants
Cooper Harland Limited
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
TWICKENHAM PROPERTY INVESTMENTS LTD
for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TWICKENHAM PROPERTY INVESTMENTS LTD for the year ended
29 February 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of TWICKENHAM PROPERTY INVESTMENTS LTD, as a body, in accordance with the terms of our engagement letter dated 1 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of TWICKENHAM PROPERTY INVESTMENTS LTD and state those matters that we have agreed to state to the Board of Directors of TWICKENHAM PROPERTY INVESTMENTS LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TWICKENHAM PROPERTY INVESTMENTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TWICKENHAM PROPERTY INVESTMENTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of TWICKENHAM PROPERTY INVESTMENTS LTD. You consider that TWICKENHAM PROPERTY INVESTMENTS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TWICKENHAM PROPERTY INVESTMENTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Cooper Harland Limited
Chartered Certified Accountants
Unit 1.21, Barking Enterprise Centre
50 Cambridge Road
Barking
Essex
IG11 8FG
19 November 2024
TWICKENHAM PROPERTY INVESTMENTS LTD
Statement of financial position
as at 29 February 2024
Investment property
647,307
639,966
Cash at bank and in hand
1,821
1,255
Creditors: amounts falling due within one year
(284,169)
(283,871)
Net current liabilities
(282,348)
(278,616)
Total assets less current liabilities
364,955
361,616
Creditors: amounts falling due after more than one year
(429,097)
(421,751)
Net liabilities
(64,142)
(60,135)
Called up share capital
100
100
Profit and loss account
(64,242)
(60,235)
Shareholders' funds
(64,142)
(60,135)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2024 and were signed on its behalf by
Kamran Zafar Farooqui
Director
Company Registration No. 12455721
TWICKENHAM PROPERTY INVESTMENTS LTD
Notes to the Accounts
for the year ended 29 February 2024
TWICKENHAM PROPERTY INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12455721. The registered office is C/O UNIT 1.21, BARKING ENTERPRISE CENTRE, 50 CAMBRIDGE ROAD, BARKING, IG11 8FG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
TWICKENHAM PROPERTY INVESTMENTS LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
950
3,150
4,100
At 29 February 2024
950
3,150
4,100
At 1 March 2023
714
3,120
3,834
Charge for the year
238
32
270
At 29 February 2024
952
3,152
4,104
At 29 February 2024
(2)
(2)
(4)
At 28 February 2023
236
30
266
Fair value at 1 March 2023
639,966
At 29 February 2024
647,307
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
284,169
283,871
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
429,097
421,751
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).