Registered number
10069183
TSD Investments Ltd
Filleted Accounts
31 March 2024
TSD Investments Ltd
Registered number: 10069183
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 580 682
Investments 4 3,052,015 2,781,138
3,052,595 2,781,820
Current assets
Debtors 5 266,988 81,822
Cash at bank and in hand 832,362 828,041
1,099,350 909,863
Creditors: amounts falling due within one year 6 (114,198) (46,489)
Net current assets 985,152 863,374
Total assets less current liabilities 4,037,747 3,645,194
Creditors: amounts falling due after more than one year 7 (423,852) (552,254)
Provisions for liabilities 6 (101,779) (101,779)
Net assets 3,512,116 2,991,161
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,512,016 2,991,061
Shareholders' funds 3,512,116 2,991,161
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B S Dhillon
Director
Approved by the board on 3 December 2024
TSD Investments Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 779
At 31 March 2024 779
Depreciation
At 1 April 2023 97
Charge for the year 102
At 31 March 2024 199
Net book value
At 31 March 2024 580
At 31 March 2023 682
4 Investments
Other
investments
£
Cost
At 1 April 2023 2,781,138
Additions 270,877
At 31 March 2024 3,052,015
Other investments 2024 2023
£ £
Freehold property 3,052,015 2,781,138
The assets have been revalued during the reporting period by the director based on the yield of similar properties in the area.
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 200,000 -
Other debtors 66,988 81,822
266,988 81,822
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 104,597 39,288
Other creditors 9,601 7,201
114,198 46,489
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 423,852 552,254
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 528,449 552,254
The compnay has loan with HSBC Bank Plc with the interest rate of 3% and loan balance at the end of March 2024 is £528,449
9 Other information
TSD Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Eagle House
Stonebridge Road , Eagle Way
Northfleet
Kent
DA11 9BJ
TSD Investments Ltd 10069183 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr B S Dhillon No description of principal activity 10069183 2022-04-01 2023-03-31 10069183 core:WithinOneYear 2023-03-31 10069183 core:AfterOneYear 2023-03-31 10069183 core:ShareCapital 2023-03-31 10069183 core:RetainedEarningsAccumulatedLosses 2023-03-31 10069183 2023-04-01 2024-03-31 10069183 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10069183 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10069183 bus:Director40 2023-04-01 2024-03-31 10069183 1 2023-04-01 2024-03-31 10069183 2 2023-04-01 2024-03-31 10069183 core:PlantMachinery 2023-04-01 2024-03-31 10069183 countries:England 2023-04-01 2024-03-31 10069183 bus:FRS102 2023-04-01 2024-03-31 10069183 bus:FilletedAccounts 2023-04-01 2024-03-31 10069183 2024-03-31 10069183 core:WithinOneYear 2024-03-31 10069183 core:AfterOneYear 2024-03-31 10069183 core:ShareCapital 2024-03-31 10069183 core:RetainedEarningsAccumulatedLosses 2024-03-31 10069183 core:PlantMachinery 2024-03-31 10069183 core:AdditionsToInvestments 2024-03-31 10069183 2023-03-31 10069183 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure