Company Registration No. 11610842 (England and Wales)
Tolu Investments Ltd
Unaudited accounts
for the year ended 31 October 2024
Tolu Investments Ltd
Unaudited accounts
Contents
Tolu Investments Ltd
Company Information
for the year ended 31 October 2024
Directors
Thomas Michael Fowler
Luke Jame Smith
Company Number
11610842 (England and Wales)
Registered Office
The Stream House
24 Sandrock Hill Road
Farnham
GU10 4NT
UK
Tolu Investments Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
1,740
2,320
Investment property
258,866
258,866
Cash at bank and in hand
14,353
13,033
Creditors: amounts falling due within one year
(54,286)
(53,890)
Net current liabilities
(31,622)
(32,584)
Total assets less current liabilities
228,984
228,602
Creditors: amounts falling due after more than one year
(187,500)
(187,500)
Called up share capital
100
100
Profit and loss account
41,384
41,002
Shareholders' funds
41,484
41,102
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by
Thomas Michael Fowler
Director
Company Registration No. 11610842
Tolu Investments Ltd
Notes to the Accounts
for the year ended 31 October 2024
Tolu Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11610842. The registered office is The Stream House, 24 Sandrock Hill Road, Farnham, GU10 4NT, UK.
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.
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:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 November 2023
258,866
At 31 October 2024
258,866
Tolu Investments Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
3,449
3,462
Accrued income and prepayments
2,900
4,811
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
916
916
Loans from directors
53,370
52,974
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
187,500
187,500
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).