Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302The principal activity of the company is that of letting investment property2023-05-01falsetrue2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08476685 2023-05-01 2024-04-30 08476685 2022-05-01 2023-04-30 08476685 2024-04-30 08476685 2023-04-30 08476685 c:Director1 2023-05-01 2024-04-30 08476685 d:FreeholdInvestmentProperty 2024-04-30 08476685 d:FreeholdInvestmentProperty 2023-04-30 08476685 d:CurrentFinancialInstruments 2024-04-30 08476685 d:CurrentFinancialInstruments 2023-04-30 08476685 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08476685 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08476685 d:ShareCapital 2024-04-30 08476685 d:ShareCapital 2023-04-30 08476685 d:RevaluationReserve 2024-04-30 08476685 d:RevaluationReserve 2023-04-30 08476685 d:RetainedEarningsAccumulatedLosses 2024-04-30 08476685 d:RetainedEarningsAccumulatedLosses 2023-04-30 08476685 c:OrdinaryShareClass1 2023-05-01 2024-04-30 08476685 c:OrdinaryShareClass1 2024-04-30 08476685 c:OrdinaryShareClass1 2023-04-30 08476685 c:FRS102 2023-05-01 2024-04-30 08476685 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08476685 c:FullAccounts 2023-05-01 2024-04-30 08476685 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08476685 2 2023-05-01 2024-04-30 08476685 d:OtherDeferredTax 2024-04-30 08476685 d:OtherDeferredTax 2023-04-30 08476685 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08476685














TODAL AZUR INVESTMENTS LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
TODAL AZUR INVESTMENTS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6


 
TODAL AZUR INVESTMENTS LIMITED
REGISTERED NUMBER:08476685

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
4,150,000
4,150,000

  
4,150,000
4,150,000

Current assets
  

Debtors: amounts falling due within one year
 5 
20,256
10,430

Cash at bank and in hand
 6 
130,905
89,622

  
151,161
100,052

Creditors: amounts falling due within one year
 7 
(1,368,408)
(1,503,841)

Net current liabilities
  
 
 
(1,217,247)
 
 
(1,403,789)

Total assets less current liabilities
  
2,932,753
2,746,211

Provisions for liabilities
  

Deferred tax
 8 
(246,649)
(246,649)

  
 
 
(246,649)
 
 
(246,649)

Net assets
  
2,686,104
2,499,562


Capital and reserves
  

Called up share capital 
 9 
100
100

Non-distributable reserves
  
1,310,320
1,310,320

Profit and loss account
  
1,375,684
1,189,142

  
2,686,104
2,499,562


1

 
TODAL AZUR INVESTMENTS LIMITED
REGISTERED NUMBER:08476685
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with 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 20 January 2025.




A G Skirton
Director

The notes on pages 3 to 6 form part of these financial statements.

2

 
TODAL AZUR INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Todal Azur Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 08476685
The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The prinicpal place of business is 36 Grosvenor Gardens, London, SW1W 0EB. 
The principal activity of the company is that of letting investment property.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's presentational and operational currency is pound sterling. 

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of rent receivable for the year, exclusive of Value Added Tax.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3

 
TODAL AZUR INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

 Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

4

 
TODAL AZUR INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
4,150,000



At 30 April 2024
4,150,000

The 2024 valuations were made by A G Skirton, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Trade debtors
2,108
1,702

Other debtors
7,839
7,895

Prepayments
10,309
833

20,256
10,430



6.


Cash

2024
2023
£
£

Cash at bank and in hand
130,905
89,622

130,905
89,622


5

 
TODAL AZUR INVESTMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,257
-

Corporation tax
62,180
44,041

Other taxation and social security
11,589
11,156

Other creditors
1,249,900
1,399,900

Accruals and deferred income
43,482
48,744

1,368,408
1,503,841



8.


Deferred taxation




2024


£






At beginning of year
(246,649)



At end of year
(246,649)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Capital gains on revaluation of investment property
(246,649)
(246,649)

(246,649)
(246,649)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



10.


Related party transactions

Included in other creditors, is an amount owed to a director totalling £1,249,900 (2023: £1,399,900). This is an interest free loan and repayable on demand.

 
6