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REGISTERED NUMBER: 06370129 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Tooley Property Company Limited

Tooley Property Company Limited (Registered number: 06370129)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tooley Property Company Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S Dyadechko





SECRETARY: Mrs V Myronov





REGISTERED OFFICE: Langdale House
11 Marshalsea Road
London
SE1 1EN





REGISTERED NUMBER: 06370129 (England and Wales)

Tooley Property Company Limited (Registered number: 06370129)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 4 6,471,973 6,042,747
Investments 5 962,778 1,032,124
Cash at bank and in hand 680,753 593,778
8,115,504 7,668,649
CREDITORS
Amounts falling due within one year 6 40,553,026 41,677,912
NET CURRENT LIABILITIES (32,437,522 ) (34,009,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,437,522

)

(34,009,263

)

CREDITORS
Amounts falling due after more than
one year

7

1,489,538

-
NET LIABILITIES (33,927,060 ) (34,009,263 )

CAPITAL AND RESERVES
Called up share capital 600,000 600,000
Retained earnings (34,527,060 ) (34,609,263 )
(33,927,060 ) (34,009,263 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Tooley Property Company Limited (Registered number: 06370129)

Balance Sheet - continued
30 September 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:





S Dyadechko - Director


Tooley Property Company Limited (Registered number: 06370129)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Tooley Property Company 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.

Tooley Property Company Limited (Registered number: 06370129)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Tooley Property Company Limited (Registered number: 06370129)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Turnover

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).

4. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Other debtors 5,651,000 5,723,261

Tooley Property Company Limited (Registered number: 06370129)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. DEBTORS - continued
30.9.24 30.9.23
£    £   
Amounts falling due after more than one year:
Other debtors 820,973 319,486

Aggregate amounts 6,471,973 6,042,747

5. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Unlisted investments 962,778 1,032,124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 760,802 291,575
Payments on account 673,122 -
Trade creditors 4,725,020 6,173,121
Other creditors 34,394,082 35,213,216
40,553,026 41,677,912

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 1,489,538 -

8. GOING CONCERN

The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net liabilities amounting to £33,927,060 (2023: £34,009,263) and incurred a net profit of £82,203 (2023: £47,721) for the period.

The director has concluded that the combination of these circumstances represent a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, he continues to adopt the going concern basis in preparing the accounts.

Tooley Property Company Limited (Registered number: 06370129)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


9. CONTROLLING PARTY

The ultimate controlling party is Mr Y Dyadechko by virtue of his beneficial interest in the issued share capital of Tooley Property Company Limited.