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REGISTERED NUMBER: 05466182 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Targetgrange Investments Limited

Targetgrange Investments Limited (Registered number: 05466182)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Targetgrange Investments Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D A Patel
M A Patel
K A Patel
N A Patel





SECRETARY: M A Patel





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton
Bristol
BS8 3NG





REGISTERED NUMBER: 05466182 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Targetgrange Investments Limited (Registered number: 05466182)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,461 3,461
Investment property 5 10,265,815 10,122,246
10,269,276 10,125,707

CURRENT ASSETS
Debtors 6 23,331 50,716
Cash at bank 640,899 646,684
664,230 697,400
CREDITORS
Amounts falling due within one year 7 131,082 115,603
NET CURRENT ASSETS 533,148 581,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,802,424

10,707,504

CREDITORS
Amounts falling due after more than one year 8 (600,000 ) (600,000 )

PROVISIONS FOR LIABILITIES (1,092,536 ) (1,092,536 )
NET ASSETS 9,109,888 9,014,968

CAPITAL AND RESERVES
Called up share capital 200 200
Non distributable reserves 10 3,328,322 3,328,322
Retained earnings 5,781,366 5,686,446
SHAREHOLDERS' FUNDS 9,109,888 9,014,968

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Targetgrange Investments Limited (Registered number: 05466182)

Balance Sheet - continued
31 December 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 16 May 2025 and were signed on its behalf by:





D A Patel - Director


Targetgrange Investments Limited (Registered number: 05466182)

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

1. STATUTORY INFORMATION

Targetgrange Investments 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 as modified by the revaluation of certain assets.

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

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

Investment property
In accordance with Section 16 of FRS 102, the investment properties are revalued annually and the aggregate surplus or deficit is recognised within the Income Statement and then transferred to non-distributable reserves. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with Section 16 of FRS 102. The directors consider that, because this property is not held for consumption , but for its investment potential, to depreciate it would not give a true and fair view and that it is necessary to adopt Section 16 of FRS 102 in order to give a true and fair view.

If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified , because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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 NIL (2023 - NIL).

Targetgrange Investments Limited (Registered number: 05466182)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 3,461
NET BOOK VALUE
At 31 December 2024 3,461
At 31 December 2023 3,461

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 10,122,246
Additions 143,569
At 31 December 2024 10,265,815
NET BOOK VALUE
At 31 December 2024 10,265,815
At 31 December 2023 10,122,246

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2014 50,713
Valuation in 2018 1,590,146
Valuation in 2019 2,779,999
Cost 5,844,957
10,265,815

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,844,957 5,701,388

The investment properties were valued on an open market basis on 12 March 2020 by an independent third party valuer .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,813 38,544
Prepayments 7,518 12,172
23,331 50,716

Targetgrange Investments Limited (Registered number: 05466182)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 100,456 81,400
Other creditors 14,750 18,650
Accruals 15,876 15,553
131,082 115,603

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 600,000 600,000

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans 600,000 600,000

10. RESERVES
Non
distributable
reserves
£   
At 1 January 2024
and 31 December 2024 3,328,322

11. RELATED PARTY DISCLOSURES

Targetgrange Limited
A fellow subsidiary of Targetgrange (Holdings) Limited

At 31st December 2024, the balance of the loan from Targetgrange Limited amounted to £nil (2023: £nil).

12. ULTIMATE CONTROLLING PARTY

Targetgrange (Holdings) Limited is regarded by the directors as being the company's ultimate parent company.

Targetgrange (Holdings) Limited acquired the entire share capital of Targetgrange Investments Limited as part of a reorganisation carried out in 2014.