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Company Registration No. 07900283 (England and Wales)
Transomas Investments Limited Unaudited accounts for the period from 1 January 2023 to 29 December 2023
Transomas Investments Limited Unaudited accounts Contents
Page
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Transomas Investments Limited Company Information for the period from 1 January 2023 to 29 December 2023
Directors
Mr. Jagjit Singh Gill Mr. Tarnjit Singh Gill
Company Number
07900283 (England and Wales)
Registered Office
51 Gloucester Terrace London W2 3DQ England
Accountants
GK Accountant Ltd The Generator Business Centre Unit 24, 95 Miles Road Mitcham CR4 3FH
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Transomas Investments Limited Statement of financial position as at 29 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
23,445,000 
23,445,000 
Current assets
Debtors
15,553,050 
13,630,604 
Cash at bank and in hand
867,188 
1,209,241 
16,420,238 
14,839,845 
Creditors: amounts falling due within one year
(4,767,157)
(3,104,840)
Net current assets
11,653,081 
11,735,005 
Total assets less current liabilities
35,098,081 
35,180,005 
Creditors: amounts falling due after more than one year
(8,461,718)
(8,461,718)
Provisions for liabilities
Other provisions
(2,139,236)
(2,139,236)
Net assets
24,497,127 
24,579,051 
Capital and reserves
Called up share capital
13 
13 
Share premium
15,655,166 
15,655,166 
Profit and loss account
8,841,948 
8,923,872 
Shareholders' funds
24,497,127 
24,579,051 
For the period ending 29 December 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by
Mr. Tarnjit Singh Gill Director Company Registration No. 07900283
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Transomas Investments Limited Notes to the Accounts for the period from 1 January 2023 to 29 December 2023
1
Statutory information
Transomas Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07900283. The registered office is 51 Gloucester Terrace, London, W2 3DQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
23,445,000 
At 29 December 2023
23,445,000 
The fair value of the investment properties are based on the valuation carried out by Belleveue Mortlakes Chartered Surveyors on 7 December 2020, an independent valuer not connected with the company. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. As at the balance sheet date, the directors consider the valuation is still appropriate and the open market value of the investment properties is not significantly different to the valuation stated above.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
93,188 
93,188 
Amounts due from group undertakings etc.
5,110,395 
5,110,395 
Other debtors
8,427,021 
8,427,021 
13,630,604 
13,630,604 
Amounts falling due after more than one year
Other debtors
1,922,446 
- 
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Transomas Investments Limited Notes to the Accounts for the period from 1 January 2023 to 29 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
470 
470 
Trade creditors
10,986 
10,236 
Amounts owed to group undertakings and other participating interests
12,669 
12,669 
Taxes and social security
34,707 
49,446 
Other creditors
4,708,325 
3,032,019 
4,767,157 
3,104,840 
Other creditors include (2022: £2,503,430) due to related parties currently in dispute.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
8,461,718 
8,461,718 
The bank loan is secured on the properties of the company. The company is disputing charges on its assets and related parties.
8
Contingent liabilities
During the financial year, the Company was in a legal dispute regarding certain historical transactions (the “Legal Dispute”). As at the date of these accounts being approved, the Legal Dispute has concluded and the former director of the Company during the financial year has been made personally liable for the winning parties’ costs (in the circumstances, the parties adverse to the Company). The new directors are considering whether the Company may have claims against the former director of the Company for misappropriation of Company funds, including but not limited to: (1) expenses incurred to pursue the Legal Dispute for illegitimate purposes and for her personal benefit, (2) inflated director’s remuneration, and (3) overcharged management charges. No adjustments, if any, have been reflected in these financial statements, as the full extent of any such misappropriation is yet to be quantified.
9
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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