0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,200,286 1,200,286 1,200,286 xbrli:pure xbrli:shares iso4217:GBP 14084205 2023-06-01 2024-05-31 14084205 2024-05-31 14084205 2023-05-31 14084205 2022-05-04 2023-05-31 14084205 2023-05-31 14084205 2022-05-03 14084205 bus:Director1 2023-06-01 2024-05-31 14084205 core:AfterOneYear 2024-05-31 14084205 core:AfterOneYear 2023-05-31 14084205 core:WithinOneYear 2024-05-31 14084205 core:WithinOneYear 2023-05-31 14084205 core:ShareCapital 2024-05-31 14084205 core:ShareCapital 2023-05-31 14084205 core:RetainedEarningsAccumulatedLosses 2024-05-31 14084205 core:RetainedEarningsAccumulatedLosses 2023-05-31 14084205 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 14084205 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 14084205 bus:SmallEntities 2023-06-01 2024-05-31 14084205 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14084205 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14084205 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14084205 bus:FullAccounts 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 14084205
TOYA PROPERTIES LTD
Filleted Unaudited Financial Statements
31 May 2024
TOYA PROPERTIES LTD
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
1,200,286
1,200,286
Current assets
Cash at bank and in hand
4,112
25,130
Creditors: amounts falling due within one year
5
431,992
393,854
---------
---------
Net current liabilities
427,880
368,724
------------
------------
Total assets less current liabilities
772,406
831,562
Creditors: amounts falling due after more than one year
6
822,147
822,147
---------
---------
Net (liabilities)/assets
( 49,741)
9,415
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 49,841)
9,315
--------
-------
Shareholders (deficit)/funds
( 49,741)
9,415
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TOYA PROPERTIES LTD
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 14 February 2025 , and are signed on behalf of the board by:
Mr T Miah
Director
Company registration number: 14084205
TOYA PROPERTIES LTD
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 154 Oakleigh Road North, London, N20 0UG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £431,045 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
4. Tangible assets
Freehold property
£
Cost
At 1 June 2023 and 31 May 2024
1,200,286
------------
Depreciation
At 1 June 2023 and 31 May 2024
------------
Carrying amount
At 31 May 2024
1,200,286
------------
At 31 May 2023
1,200,286
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
2,209
Other creditors
431,992
391,645
---------
---------
431,992
393,854
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
822,147
822,147
---------
---------
The loan of £822,147 is secured by fixed and floating charges over company's property and negative pledge.