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Registered number: 12645796
Tarovo Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Hammond Ford & Co Limited
Unit 6 Church Road
Barrow
Bury St. Edmunds
IP29 5AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12645796
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 905,000 877,000
905,000 877,000
CURRENT ASSETS
Debtors 5 3,775 3,670
Cash at bank and in hand 44 56
3,819 3,726
Creditors: Amounts Falling Due Within One Year 6 (68,640 ) (67,440 )
NET CURRENT ASSETS (LIABILITIES) (64,821 ) (63,714 )
TOTAL ASSETS LESS CURRENT LIABILITIES 840,179 813,286
Creditors: Amounts Falling Due After More Than One Year 7 (698,401 ) (700,710 )
NET ASSETS 141,778 112,576
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 318,521 290,521
Profit and Loss Account (176,843 ) (178,045 )
SHAREHOLDERS' FUNDS 141,778 112,576
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Taro Nabetani
Director
20th May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tarovo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12645796 . The registered office is 30 The Meadows, Shepshed, Loughborough, LE12 9QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 877,000
Revaluations 28,000
As at 31 December 2024 905,000
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,775 3,670
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 750 480
Directors' loan accounts 67,890 66,960
68,640 67,440
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 566,537 566,520
Other creditors 131,864 134,190
698,401 700,710
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 January 2024 290,521
Movements in fair value reserve 28,000
As at 31 December 2024 318,521
Page 4