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REGISTERED NUMBER: 10779540 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Taupo Group Commercial Limited

Taupo Group Commercial Limited (Registered number: 10779540)






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


Taupo Group Commercial Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs S J Pasco





REGISTERED OFFICE: 2nd Floor Grove House
55 Lowlands Road
Harrow
Middlesex
HA1 3AW





REGISTERED NUMBER: 10779540 (England and Wales)






Taupo Group Commercial Limited (Registered number: 10779540)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 562,500 562,500

CURRENT ASSETS
Debtors 5 470 315,364
Cash at bank and in hand 4,044 17,242
4,514 332,606
CREDITORS
Amounts falling due within one year 6 287,019 609,336
NET CURRENT LIABILITIES (282,505 ) (276,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,995

285,770

CREDITORS
Amounts falling due after more than
one year

7

(133,704

)

(142,778

)

PROVISIONS FOR LIABILITIES (26,529 ) (26,529 )
NET ASSETS 119,762 116,463

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 79,587 79,587
Retained earnings 8 40,075 36,776
SHAREHOLDERS' FUNDS 119,762 116,463

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 director acknowledges her 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.

Taupo Group Commercial Limited (Registered number: 10779540)

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 director and authorised for issue on 23 March 2025 and were signed by:





Mrs S J Pasco - Director


Taupo Group Commercial Limited (Registered number: 10779540)

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

1. STATUTORY INFORMATION

Taupo Group Commercial 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

The Company carries its investment properties at fair value, with changes in fair values being recognised in the income statement. In addition, it measures land and buildings at revalued amounts with changes in fair value being recognised in other comprehensive income.

Investment property shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss. If a property interest held under a lease is classified as investment property, the item accounted for at fair value is that interest and not the underlying property.

Investment properties are derecognised when either they have been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal. Any gains or losses on the retirement or disposal of investment property, is recognised in the income statement in the period of derecognition. Transfers are made to or from investment property only when there is a change in use.

Taupo Group Commercial Limited (Registered number: 10779540)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


Taupo Group Commercial Limited (Registered number: 10779540)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 562,500
NET BOOK VALUE
At 30 June 2024 562,500
At 30 June 2023 562,500

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 456,383
Valuation in 2021 106,117
Valuation in 2022 (20,833 )
Valuation in 2023 20,833
562,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 3,375
Amounts owed by group undertakings - 311,552
Prepayments 470 437
470 315,364

Taupo Group Commercial Limited (Registered number: 10779540)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 18,542 18,542
Trade creditors - 1,092
Amounts owed to group undertakings 255,956 578,288
Tax 9,865 8,785
VAT 1,124 917
Other creditors 2 1
Accrued expenses 1,530 1,711
287,019 609,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 18,542 18,542
Bank loans - 2-5 years 115,162 124,236
133,704 142,778

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 36,776 79,587 116,363
Profit for the year 3,299 3,299
At 30 June 2024 40,075 79,587 119,662

9. RELATED PARTY DISCLOSURES

The amount owed to the group is a balance of £255,956 (2023: £578,288) due to Taupo Group Holdings Ltd and £Nil (2023:£311,552) due by Taupo Group Residential Ltd a member of the group company,

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Taupo Group Holdings Limited , a company in which the Directors Mr S P Pasco and Ms S J Pasco are also directors. Taupo Group Holdings Limited is a company registered in England and Wales.