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Talwar Properties Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






Talwar Properties Limited (Registered number: 03795880)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Talwar Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs G Talwar
N P Talwar





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 03795880 (England and Wales)





ACCOUNTANTS: MATTHEWS SUTTON & CO LTD
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
L18 1DG

Talwar Properties Limited (Registered number: 03795880)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 695,000 695,000
695,000 695,000

CURRENT ASSETS
Debtors 6 1,758 1,938
Cash at bank 6,485 5,237
8,243 7,175
CREDITORS
Amounts falling due within one year 7 76,830 81,652
NET CURRENT LIABILITIES (68,587 ) (74,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,413

620,523

CREDITORS
Amounts falling due after more than one
year

8

(227,603

)

(227,603

)

PROVISIONS FOR LIABILITIES (84,844 ) (84,844 )
NET ASSETS 313,966 308,076

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 254,535 254,535
Retained earnings 58,431 52,541
SHAREHOLDERS' FUNDS 313,966 308,076

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Talwar Properties Limited (Registered number: 03795880)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mrs G Talwar - Director


Talwar Properties Limited (Registered number: 03795880)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Talwar 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.

Turnover
Turnover represents net rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is based on historic cost or valuation, less the estimated residual value and the estimated economic life of the asset concerned. Freehold land & buildings held for investment are not depreciated.

Plant and machinery etc - 10% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 961
DEPRECIATION
At 1 July 2023
and 30 June 2024 961
NET BOOK VALUE
At 30 June 2024 -

Talwar Properties Limited (Registered number: 03795880)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 695,000
NET BOOK VALUE
At 30 June 2024 695,000
At 30 June 2023 695,000

Investment property was valued by the directors using market data.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,758 1,758
Other debtors - 180
1,758 1,938

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 1,510
Taxation and social security 341 -
Other creditors 76,489 80,142
76,830 81,652

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 227,603 227,603

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 227,603 227,603

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 227,603 229,113

Talwar Properties Limited (Registered number: 03795880)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 254,535