TOBISAM PROPERTIES LIMITED
REGISTERED NUMBER: 12438739
STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Notes
The legal form of the entity is a private company limited by share capital, registered in England and Wales and the registerred address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY.
Average number of employees
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
Directors' benefits: advances, credits and guarantees
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The company has granted drawdown facilities to its directors, allowing a maximum of £50,000 per director at any one time. The principal terms of these facilities are that the balances are repayable on demand, interest is charged at the end of each financial year on the average overdrawn balances, provided the individual balances exceed £10,000 at any point during the reporting period. The interest rate applied will be the HM Revenue & Customs official rate of interest on beneficial loans in force during the accounting period and the company reserves the right to offset any salaries, bonuses, dividends, expenses, or other amounts payable to the directors against the outstanding balances on their current accounts. As of the balance sheet date, the amount outstanding to the company under these facilities is £28,358 (2023 – £27,639), which is included under current assets.
Director's confirmations
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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TOBISAM PROPERTIES LIMITED
REGISTERED NUMBER: 12438739
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 January 2025.
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Obinna Osuagwu
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