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REGISTERED NUMBER: 13902820 (England and Wales)











Financial Statements

for the Period

1 August 2023 to 30 June 2024

for

TITAS INVESTMENTS LTD

TITAS INVESTMENTS LTD (REGISTERED NUMBER: 13902820)






Contents of the Financial Statements
for the Period 1 August 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TITAS INVESTMENTS LTD

Company Information
for the Period 1 August 2023 to 30 June 2024







DIRECTOR: Mr J H Smith





REGISTERED OFFICE: 42 Lytton Road
Barnet
United Kingdom
EN5 5BY





REGISTERED NUMBER: 13902820 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

TITAS INVESTMENTS LTD (REGISTERED NUMBER: 13902820)

Balance Sheet
30 June 2024

30.6.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 71,287 22,887

CURRENT ASSETS
Debtors 5 212,664 100
Cash at bank 1,051,851 746,698
1,264,515 746,798
CREDITORS
Amounts falling due within one year 6 315,323 1,140
NET CURRENT ASSETS 949,192 745,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,479

768,545

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,020,379 768,445
SHAREHOLDERS' FUNDS 1,020,479 768,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 18 March 2025 and were signed by:





Mr J H Smith - Director


TITAS INVESTMENTS LTD (REGISTERED NUMBER: 13902820)

Notes to the Financial Statements
for the Period 1 August 2023 to 30 June 2024

1. STATUTORY INFORMATION

Titas Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Taxation
Taxation for the period 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 period 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.

Going concern
The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 31.7.23
£    £   
Cost bf 22,887 -
Additions 48,400 22,887
71,287 22,887

TITAS INVESTMENTS LTD (REGISTERED NUMBER: 13902820)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.7.23
£    £   
Other debtors 169,426 100
Directors' current accounts 41,263 -
Prepayments and accrued income 1,975 -
212,664 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.7.23
£    £   
Trade creditors (1 ) -
Amounts owed to group undertakings 300,000 -
Tax 14,184 -
Accruals and deferred income 1,140 1,140
315,323 1,140

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 31.7.23
value: £    £   
100 A Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 June 2024 and 31 July 2023:

30.6.24 31.7.23
£    £   
Mr J H Smith
Balance outstanding at start of period - -
Amounts advanced 447,698 -
Amounts repaid (406,435 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 41,263 -

As at the balance sheet date, included in debtors due within one year is £41,263 (2023: £Nil), due and payable by the director. During the period interest was charged on the overdrawn loan account at 2.25%