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REGISTERED NUMBER: 10800648 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TOV 7 LIMITED

TOV 7 LIMITED (REGISTERED NUMBER: 10800648)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOV 7 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr W T Soriano





REGISTERED OFFICE: 55 Loudoun Road
St John's Wood
London
NW8 0DL





REGISTERED NUMBER: 10800648 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

TOV 7 LIMITED (REGISTERED NUMBER: 10800648)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investments 4 280 280

CURRENT ASSETS
Debtors 5 4,344,872 4,452,795
Cash at bank 317 2,047
4,345,189 4,454,842
CREDITORS
Amounts falling due within one year 6 (4,344,823 ) (4,449,646 )
NET CURRENT ASSETS 366 5,196
TOTAL ASSETS LESS CURRENT LIABILITIES 646 5,476

CAPITAL AND RESERVES
Called up share capital 7 360 360
Retained earnings 8 286 5,116
SHAREHOLDERS' FUNDS 646 5,476

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 22 May 2025 and were signed by:





Mr W T Soriano - Director


TOV 7 LIMITED (REGISTERED NUMBER: 10800648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Tov 7 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 - 2 ) .

TOV 7 LIMITED (REGISTERED NUMBER: 10800648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 280
NET BOOK VALUE
At 31 May 2024 280
At 31 May 2023 280

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Amounts owed by related companies - 6,923
Amounts owed by group undertakings 1,960,102 1,961,102
1,960,102 1,968,025

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,384,770 2,484,770

Aggregate amounts 4,344,872 4,452,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,100 -
Amounts owed to related companies 1,958,626 2,058,626
Other creditors 2,384,097 2,391,020
4,344,823 4,449,646

Included in other creditors is a loan amount of £2,381,320 (2023: £2,381,320) due to the director Walter Tzvi Soriano.

TOV 7 LIMITED (REGISTERED NUMBER: 10800648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
180 Ordinary A £1 180 180
180 Ordinary B £1 180 180
360 360

8. RESERVES
Retained
earnings
£   

At 1 June 2023 5,116
Deficit for the year (4,830 )
At 31 May 2024 286

9. ULTIMATE CONTROLLING PARTY

The company is 100% owned by Mr W T Soriano.