| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| TOTALPOINT LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| TOTALPOINT LIMITED |
| TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TOTALPOINT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Court House |
| Court Road |
| Bridgend |
| CF31 1BE |
| TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
| TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Totalpoint Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has net current liabilities and relies on the ongoing support of its directors. The directors have confirmed that they will continue to provide this support as required in order to be able to meet their current liabilities as they fall due for the 12 months from the date of approval of these accounts. Accordingly the accounts are prepared on a going concern basis. |
| Turnover |
| Turnover represents the net invoice value of rents and management charges receivable relating to the year along with commissions received in the year excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Investment property |
| Investment property is included at fair value and any fair value adjustments are recognised in the income statement. Deferred taxation is provided on any gains at the rate expected to apply when the property is sold. |
| 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. |
| TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Included in cost or valuation of investment property is freehold land of £ 36,512 (2023 - £ 36,512 ) which is not depreciated. |
| Cost or valuation at 31 December 2024 is represented by: |
| £ |
| Valuation in 2012 | (862,400 | ) |
| Valuation in 2016 | (15,600 | ) |
| Valuation in 2017 | (163,000 | ) |
| Valuation in 2021 | (98,750 | ) |
| Valuation in 2022 | (85,216 | ) |
| Cost | 2,723,478 |
| 1,498,512 |
| TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 5. | INVESTMENT PROPERTY - continued |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2024 | 2023 |
| £ | £ |
| Cost | 2,723,478 | 2,723,478 |
| Investment properties are valued on an open market basis based on independent valuations provided by qualified property consultants and chartered surveyors that took place during June and July 2018 and representations made by the directors since then. The directors approve that the valuations currently held in the accounts represent a true and fair reflection of the market value of all of the properties and will continue to review this on an annual basis. |
| The revaluations have resulted in an overall revaluation loss and if the assets were to be sold for their revalued amounts, this would create a capital loss. Accordingly, there is no deferred tax provision in the accounts. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | - | 40,000 |
| TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Bank loans are secured over the freehold investment property assets of the company. |
| 10. | RESERVES |
| Retained earnings are made up of £2,385,372 (2023: £2,320,638) of realised distributable reserves and £1,224,967 (2023: £1,224,967 ) of unrealised revaluation losses. |
| 11. | FINANCIAL COMMITMENTS |
| The company had total commitments at the balance sheet date of £13,616 (2023 - £17,092) |
| 12. | RELATED PARTY DISCLOSURES |
| During the year, the company had an interest free loan from one of the directors. The amount outstanding at the year end was £275,000 (2023 - £275,000). |