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REGISTERED NUMBER: 10180966 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TAHNIA PROPERTIES LIMITED

TAHNIA PROPERTIES LIMITED (REGISTERED NUMBER: 10180966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAHNIA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Babuna Ahmed





REGISTERED OFFICE: 41 Abbotts Park Road
London
E10 6HT





REGISTERED NUMBER: 10180966 (England and Wales)





ACCOUNTANTS: Stan Lee Accountancy Ltd
T/A: The Stan Lee
Chartered Certified Accountants
Level 18, 40 Bank Street
Canary Wharf
London
E14 5NR

TAHNIA PROPERTIES LIMITED (REGISTERED NUMBER: 10180966)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 410,089

CURRENT ASSETS
Cash at bank 1,367 6,113

CREDITORS
Amounts falling due within one year 5 289,953 309,307
NET CURRENT LIABILITIES (288,586 ) (303,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,414

106,895

CREDITORS
Amounts falling due after more than
one year

6

(4,400

)

(8,800

)

PROVISIONS FOR LIABILITIES 7 (31,454 ) (14,371 )
NET ASSETS 175,560 83,724

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 165,547 75,636
Retained earnings 9 9,913 7,988
SHAREHOLDERS' FUNDS 175,560 83,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TAHNIA PROPERTIES LIMITED (REGISTERED NUMBER: 10180966)

BALANCE SHEET - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2025 and were signed by:





Babuna Ahmed - Director


TAHNIA PROPERTIES LIMITED (REGISTERED NUMBER: 10180966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Tahnia Properties Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rental income. The total turnover of the company for the year has been derived from the provision of property rental falling within the company's principal activities.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TAHNIA PROPERTIES LIMITED (REGISTERED NUMBER: 10180966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 410,089
Revaluations 89,911
At 31 May 2024 500,000
NET BOOK VALUE
At 31 May 2024 500,000
At 31 May 2023 410,089

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 500,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,400 4,400
Tax 9,037 5,003
Directors' current accounts 275,496 299,244
Accrued expenses 1,020 660
289,953 309,307

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce Back Loan 4,400 8,800

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 31,454 14,371

Deferred
tax
£   
Balance at 1 June 2023 14,371
Provided during year 17,083
Balance at 31 May 2024 31,454

TAHNIA PROPERTIES LIMITED (REGISTERED NUMBER: 10180966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 7,988 75,636 83,624
Profit for the year 1,925 1,925
Fair value reserve - 89,911 89,911
At 31 May 2024 9,913 165,547 175,460

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the current and previous years, the company was under the control of its director, by virtue of her ownership of the entire issued share capital of the company.

As of the balance sheet date, the company owed its director £275,496 (2023 : £299,244). The loan is interest-free and repayable in full at short notice upon demand.