IRIS Accounts Production v25.1.3.33 11632293 director 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary 1.00000 Preference 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116322932023-05-31116322932024-05-31116322932023-06-012024-05-31116322932022-05-31116322932022-06-012023-05-31116322932023-05-3111632293ns15:EnglandWales2023-06-012024-05-3111632293ns14:PoundSterling2023-06-012024-05-3111632293ns10:Director12023-06-012024-05-3111632293ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111632293ns10:SmallEntities2023-06-012024-05-3111632293ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111632293ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111632293ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111632293ns10:FullAccounts2023-06-012024-05-3111632293ns10:EntityHasNeverTraded2023-06-012024-05-3111632293ns10:OrdinaryShareClass12023-06-012024-05-3111632293ns10:OrdinaryShareClass22023-06-012024-05-3111632293ns10:RegisteredOffice2023-06-012024-05-3111632293ns5:CurrentFinancialInstruments2024-05-3111632293ns5:CurrentFinancialInstruments2023-05-3111632293ns5:Non-currentFinancialInstruments2024-05-3111632293ns5:Non-currentFinancialInstruments2023-05-3111632293ns5:ShareCapital2024-05-3111632293ns5:ShareCapital2023-05-3111632293ns5:FurtherSpecificReserve1ComponentTotalEquity2024-05-3111632293ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3111632293ns5:RetainedEarningsAccumulatedLosses2024-05-3111632293ns5:RetainedEarningsAccumulatedLosses2023-05-3111632293ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3111632293ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3111632293ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3111632293ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3111632293ns5:Secured2024-05-3111632293ns5:Secured2023-05-3111632293ns5:DeferredTaxation2023-05-3111632293ns5:DeferredTaxation2024-05-3111632293ns10:OrdinaryShareClass12024-05-3111632293ns10:OrdinaryShareClass22024-05-31
REGISTERED NUMBER: 11632293 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

TOV 777 LIMITED

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOV 777 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: 11632293 (England and Wales)





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

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investment property 4 5,218,817 5,195,476

CURRENT ASSETS
Debtors 5 3,515 5,310
Cash at bank and in hand 102,817 16,812
106,332 22,122
CREDITORS
Amounts falling due within one year 6 (1,979,865 ) (1,965,907 )
NET CURRENT LIABILITIES (1,873,533 ) (1,943,785 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,345,284 3,251,691

CREDITORS
Amounts falling due after more than one
year

7

(3,687,398

)

(3,752,398

)

PROVISIONS FOR LIABILITIES 10 (2,013 ) (2,013 )
NET LIABILITIES (344,127 ) (502,720 )

CAPITAL AND RESERVES
Called up share capital 11 180 180
Other reserves 8,581 8,581
Retained earnings (352,888 ) (511,481 )
SHAREHOLDERS' FUNDS (344,127 ) (502,720 )

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.

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

BALANCE SHEET - continued
31 MAY 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 22 May 2025 and were signed by:





Mr W T Soriano - Director


TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

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


1. STATUTORY INFORMATION

Tov 777 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.

The directors report net current liabilities of £1,873,533 (2023: £1,943,785) at the balance sheet date. The parent company confirms that it will continue to support the company and will not seek repayment of the amounts it is owed ahead of other creditors in the foreseeable future.

Due to the above the director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 5,195,476
Additions 23,341
At 31 May 2024 5,218,817
NET BOOK VALUE
At 31 May 2024 5,218,817
At 31 May 2023 5,195,476

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 10,594
Cost 5,208,223
5,218,817

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 3,515 5,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 2,267 167
Amounts owed to group undertakings 1,961,102 1,961,102
Amounts owed to participating interests 6,138 -
Other creditors 10,358 4,638
1,979,865 1,965,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 8) 3,687,398 3,752,398

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,687,398 3,752,398

8. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,687,398 3,752,398

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 3,687,398 3,752,398

Bank loans are secured against the investment property owned by the company.

TOV 777 LIMITED (REGISTERED NUMBER: 11632293)

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


10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 2,013 2,013

Deferred
tax
£   
Balance at 1 June 2023 2,013
Balance at 31 May 2024 2,013

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
80 Preference £1 80 80
180 180

12. ULTIMATE CONTROLLING PARTY

The company is owned by Tov 7 Limited.

The ultimate controlling party is Mr W T Soriano.