2023-04-01 2024-03-31 13290199 Torchlight Property Solutions Limited false 13290199 2023-04-01 2024-03-31 13290199 uk-bus:Director1 2023-04-01 2024-03-31 13290199 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13290199 uk-bus:SmallEntities 2023-04-01 2024-03-31 13290199 uk-bus:FullAccounts 2023-04-01 2024-03-31 13290199 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13290199 2023-04-01 13290199 2024-03-31 13290199 2023-03-31 xbrli:pure iso4217:GBP 13290199 2022-04-01 2023-03-31
Company Registration Number : 13290199 (England and Wales)
13290199
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-03-31
false
Torchlight Property Solutions Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-04-01
Torchlight Property Solutions Limited
Unaudited filleted financial statements
For the year ended 31 March 2024
Torchlight Property Solutions Limited
Contents
For the year ended 31 March 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Torchlight Property Solutions Limited
Company Information
For the year ended 31 March 2024

Company registration number 13290199 (England and Wales)
Director Varun Gupta
Registered office address Dns House, 382 Kenton Road
Harrow
United Kingdom
HA3 8DP
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
Torchlight Property Solutions Limited
Statement of Financial Position
For the year ended 31 March 2024

2024 2023
Notes £ £
Fixed assets
Investment Property 466,717 466,717
7 466,717 466,717
Current assets
Debtors 9,078 -
Cash and cash equivalents 406 574
9,484 574
Current liabilities
Creditors: Amounts falling due within one year (88) (836)
(88) (836)
Net current assets/(liabilities) 9,396 (262)
Total assets less current liabilities 476,114 466,456
Non-current liabilities
Creditors: Amounts falling due after more than one year (486,542) (466,771)
Net (liabilities)/assets (10,429) (316)
Capital and reserves
Called up share capital 100 100
Retained earnings (10,529) (416)
Shareholder's funds (10,429) (316)
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 March 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 19 November 2024
.............................
Varun Gupta (Director)
Company registration number: 13290199
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-03-31 31 March 2024
2024 2023
£ £
Fixed Assets 466,717 466,717
Current Assets 9,484 574
Creditors: amounts falling due within one year (88) (836)
Net current assets (liabilities) 9,396 (262)
Total assets less current liabilities 476,114 466,456
CREDITORS: Amounts falling due more than one year (486,542) (466,771)
Net Assets (liabilities) (10,429) (316)
Capital and Reserves (10,429) (316)
For the year ending 31/03/2024 the company was entitled to exemption 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. For the year ending 31-03-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 19 November 2024 2024-11-19 and signed on behalf of the board,
.............................
Varun Gupta
Director
Company registration number: 13290199
Torchlight Property Solutions Limited
Notes to the Financial Statements
For the year ended 31 March 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Dns House, 382 Kenton Road, Harrow, United Kingdom, HA3 8DP.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Related party transactions
Transactions with companies, which are under the common control or influence, were as follow:
Torchlight Advisors Private Ltd:
At the reporting date £221,852 was owed to Torchlight Advisors Private Ltd in respect of a short term interest (2% fixed and 3% bullet) chargeable loan repayable on demand.

(4) Investment Properties
Investment property is revalued to its fair value at each reporting date and changes in fair value are recognized in profit and loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property. it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis.

(5) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(6) Directors advances, credit and guarantees
Overdrawn
At the year-end, the director owed £9,078 to the company. the balance was repaid on 31 July 2024.

(7) Fixed assets
Investments
Property
£
Cost
As at 01 April 2023466,717
As at 31 March 2024466,717
Depreciation/Amortisation
As at 31 March 2024-
Net book value
As at 31 March 2024466,717
As at 31 March 2023466,717

(8) Creditors > 1 year (Mortgage Loans)
The mortgage loan is secured on the property.

(9) Investment Properties
These financial statements for the year ended 31 March 2024 are prepared in accordance with FRS 102 1a" The Reporting Standard applicable in the UK and Republic of Ireland". The property is being measured at the fair value under FRS 102 1a and no fair value gains or losses are reported during the year.