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REGISTERED NUMBER: 08159988















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Toby Sebastian Limited

Toby Sebastian Limited (Registered number: 08159988)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Toby Sebastian Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: T Salmon





REGISTERED OFFICE: 15 Gresley Road
London
N19 3LA





REGISTERED NUMBER: 08159988





ACCOUNTANTS: RISHA LTD
Admiral Rodney House
17 Church Street
Walton
Surrey
KT12 2QP

Toby Sebastian Limited (Registered number: 08159988)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,049,431 1,049,431

CURRENT ASSETS
Cash at bank 54,718 83,838

CREDITORS
Amounts falling due within one year 5 687,452 758,460
NET CURRENT LIABILITIES (632,734 ) (674,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,697

374,809

PROVISIONS FOR LIABILITIES 10,200 10,200
NET ASSETS 406,497 364,609

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 406,496 364,608
406,497 364,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 13 May 2025 and were signed by:





T Salmon - Director


Toby Sebastian Limited (Registered number: 08159988)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Toby Sebastian Limited is a private company, limited by shares , registered in Not specified/Other. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 August 2023
and 31 July 2024 1,049,431
NET BOOK VALUE
At 31 July 2024 1,049,431
At 31 July 2023 1,049,431

Toby Sebastian Limited (Registered number: 08159988)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 396 395
Taxation and social security 10,048 14,031
Other creditors 677,008 744,034
687,452 758,460

6. RELATED PARTY DISCLOSURES

Transaction with related parties:

During the year the company entered into the following transactions with related parties.
During the year Company paid back Interest free loan of £20,000 to F. Salmon Ltd. At the year-end, an amount of £366,667 was owed to F. Salmon Ltd (2021 £386,667). T S J Salmon is a common Director of the company and F. Salmon Ltd.

At the balance sheet date the company owed £38,800 (2021 £44,000) to the director close family. The above loan is interest free.