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REGISTERED NUMBER: 02805130 (England and Wales)















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: N J Hilu
P M Hilu
G N Hilu





SECRETARY: P M Hilu





REGISTERED OFFICE: The Green
Pen-Y-Fan
The Narth
Monmouth
Monmouthshire
NP25 4RA





REGISTERED NUMBER: 02805130 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales and West Limited
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 2,531 3,596
Investment property 5 1,498,512 1,498,512
1,501,043 1,502,108

CURRENT ASSETS
Debtors 6 71,738 58,027
Cash at bank 317,425 279,439
389,163 337,466
CREDITORS
Amounts falling due within one year 7 563,545 528,758
NET CURRENT LIABILITIES (174,382 ) (191,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,326,661

1,310,816

CREDITORS
Amounts falling due after more than one
year

8

(164,811

)

(214,736

)

PROVISIONS FOR LIABILITIES (632 ) (683 )
NET ASSETS 1,161,218 1,095,397

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 10 1,161,208 1,095,387
SHAREHOLDERS' FUNDS 1,161,218 1,095,397

TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





G N Hilu - Director


TOTALPOINT LIMITED (REGISTERED NUMBER: 02805130)

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


1. STATUTORY INFORMATION

Totalpoint 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 January 2024
and 31 December 2024 11,896
DEPRECIATION
At 1 January 2024 8,300
Charge for year 1,065
At 31 December 2024 9,365
NET BOOK VALUE
At 31 December 2024 2,531
At 31 December 2023 3,596

5. INVESTMENT PROPERTY
Total
£
COST OR VALUATION
At 1 January 2024
and 31 December 2024 1,498,512
NET BOOK VALUE
At 31 December 2024 1,498,512
At 31 December 2023 1,498,512

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 44,997 28,235
Other debtors 26,741 29,792
71,738 58,027

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 49,682 49,682
Trade creditors 4,257 3,332
Taxation and social security 46,830 48,468
Other creditors 462,776 427,276
563,545 528,758

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 164,811 214,736

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 214,493 264,418

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).