TERABOOTH LIMITED

Company Registration Number:
12332815 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2024

Period of accounts

Start date: 01 December 2023

End date: 30 November 2024

TERABOOTH LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Notes

TERABOOTH LIMITED

Balance sheet

As at 30 November 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,401,000 1,394,500
Total fixed assets: 1,401,000 1,394,500
Current assets
Debtors: 4 4,815 3,925
Cash at bank and in hand: 31,372 28,158
Total current assets: 36,187 32,083
Creditors: amounts falling due within one year: 5 (4,238) (4,030)
Net current assets (liabilities): 31,949 28,053
Total assets less current liabilities: 1,432,949 1,422,553
Creditors: amounts falling due after more than one year: 6 (1,217,324) (1,231,733)
Provision for liabilities: (33,724) (32,489)
Total net assets (liabilities): 181,901 158,331
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:7143,772137,840
Profit and loss account: 38,127 20,489
Shareholders funds: 181,901 158,331

The notes form part of these financial statements

TERABOOTH LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 July 2025
and signed on behalf of the board by:

Name: Eugene J. Kongnyuy
Status: Director

The notes form part of these financial statements

TERABOOTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the amounts received for rental income. Revenue is recognized when it is probable that future economic benefits will flow to the company and the revenue can be measured reliably.

Valuation and information policy

Investment property is property held to earn rental income and capital appreciation. It is initially held at cost purchase price plus other attributable expenditure and subsequently revalued at the reporting date end. Changes in fair value are reported in other comprehensive income. The value of the properties is based on valuation as of 30 November 2024. The current valuation of fair value was carried out by the Company Directors based on the professional valuation conducted by an independent qualified surveyor and subsequent valuation estimates given by Zoopla. The Directors based their valuation on valuation estimates from Zoopla (https://www.zoopla.co.uk/house-prices/) which uses data on: Previously sold prices of property and when it was sold Changes in the market value of similar properties sold nearby. Property features, for example, the number of bedrooms Local area information such as schools and crime rates

Other accounting policies

Investment Property Investment property is carried at fair value determined annually by the directors, considering professional advice and current market rent and investment property yields for comparable real estate properties in the area. This is adjusted, if need be, for differences in nature and specific condition of the asset. Gains are recognized in the income statement under other comprehensive income and deferred tax is provided for at the rate expected to be applied if the property were to be sold. Cash and Cash equivalents Cash is composed of cash in hand and deposits with financial institutions (Banks) repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in not less than 3 months from the date of acquisition and are easily convertible into cash without any significant loss of value. Prepayments These are mainly prepaid insurance expenses. Creditors Short term creditors are measured at the transaction price while long term loans are measured initially at fair value, net of transaction costs and subsequently at amortized cost using the effective interest method. Finance Costs These are charged to the Profit and loss account over the term of the loan using the effective interest method. Issue costs are initially recognized as a reduction in proceeds of associated capital instruments.

TERABOOTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

The company had no employees at the end of the reporting period.

TERABOOTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible Assets

Total
Cost £
At 01 December 2023 1,394,500
Revaluations 6,500
At 30 November 2024 1,401,000
Net book value
At 30 November 2024 1,401,000
At 30 November 2023 1,394,500

Due to the prevailing market conditions, there has been a marginal appreciation in asset values, reflecting the upward adjustment.

TERABOOTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 4,815 3,925

The receivable as of 30 November 2024 is due to rent owed by a tenant. Prepayments are also included here as the system does not make provisions for recording prepayments separately.

TERABOOTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

The £2738 is rent received in advance for the month of December 2024 for two properties. £1500 is a one month rent deposit which is protected by a tenant deposit scheme.

TERABOOTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due after more than one year note

The Loan comprises of an interest only mortgage for four properties with two repayable in twenty three years and one payable in twenty five years from 2022 and one payable in thirty five years from 2022 and secured by a charge over the companies freehold property.

TERABOOTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Revaluation reserve

2024
£
Balance at 01 December 2023 137,840
Surplus or deficit after revaluation 5,932
Balance at 30 November 2024 143,772

The observed increase is primarily due to a modest upward revaluation of the property, reflecting adjustments made in response to market conditions.