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REGISTERED NUMBER: 06736893 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Tosca Properties Limited

Tosca Properties Limited (Registered number: 06736893)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tosca Properties Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: N Ainscough





REGISTERED OFFICE: Suite 1
19 Aviation Way
Southend Airport
Southend on Sea
Essex
SS2 6UN





REGISTERED NUMBER: 06736893 (England and Wales)





ACCOUNTANTS: Anser Solutions!
Chartered Accountants
Suite 1
19 Aviation Way
Southend Airport
Southend on Sea
Essex
SS2 6UN

Tosca Properties Limited (Registered number: 06736893)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 710,000 710,000

CURRENT ASSETS
Cash at bank 22,156 34,657

CREDITORS
Amounts falling due within one year 5 213,205 229,121
NET CURRENT LIABILITIES (191,049 ) (194,464 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

518,951

515,536

PROVISIONS FOR LIABILITIES 56,058 56,058
NET ASSETS 462,893 459,478

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 6 337,236 337,236
Retained earnings 6 125,557 122,142
SHAREHOLDERS' FUNDS 462,893 459,478

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2025 and were signed by:





N Ainscough - Director


Tosca Properties Limited (Registered number: 06736893)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Tosca 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.

Investment property
Investment property is initially recognised at cost. The cost of a purchased investment property comprises it's purchase price and any directly attributable expenditure. Subsequently, investment property whose value can be measured without undue cost or effort is measured at fair value at each reporting date with changes in fair value being recognised in the income statement.

Deferred tax is provided on these fair value changes at the rate expected to apply when the property is sold.

Fair value is determined by the directors based on their knowledge of the properties, taking into account location, condition and prevailing market values at the reporting date.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Tosca Properties Limited (Registered number: 06736893)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 710,000
NET BOOK VALUE
At 31 October 2024 710,000
At 31 October 2023 710,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2009 26,725
Valuation in 2010 (5,000 )
Valuation in 2013 51,864
Valuation in 2014 29,704
Valuation in 2015 35,000
Valuation in 2017 75,000
Valuation in 2018 60,000
Valuation in 2021 120,000
Cost 316,707
710,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 1,036 2,681
Other creditors 212,169 226,440
213,205 229,121

6. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 November 2023 122,142 337,236 459,378
Profit for the year 4,415 4,415
Dividends (1,000 ) (1,000 )
At 31 October 2024 125,557 337,236 462,793