Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseThe Company's principal activity continued to be of Investment Property00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11202447 2023-04-01 2024-03-31 11202447 2022-04-01 2023-03-31 11202447 2024-03-31 11202447 2023-03-31 11202447 2022-04-01 11202447 c:Director1 2023-04-01 2024-03-31 11202447 d:Buildings 2024-03-31 11202447 d:Buildings 2023-03-31 11202447 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 11202447 d:LandBuildings 2024-03-31 11202447 d:LandBuildings 2023-03-31 11202447 d:CurrentFinancialInstruments 2024-03-31 11202447 d:CurrentFinancialInstruments 2023-03-31 11202447 d:Non-currentFinancialInstruments 2024-03-31 11202447 d:Non-currentFinancialInstruments 2023-03-31 11202447 d:ShareCapital 2023-04-01 2024-03-31 11202447 d:ShareCapital 2024-03-31 11202447 d:ShareCapital 2022-04-01 2023-03-31 11202447 d:ShareCapital 2023-03-31 11202447 d:ShareCapital 2022-04-01 11202447 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11202447 d:RetainedEarningsAccumulatedLosses 2024-03-31 11202447 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11202447 d:RetainedEarningsAccumulatedLosses 2023-03-31 11202447 d:RetainedEarningsAccumulatedLosses 2022-04-01 11202447 c:FRS102 2023-04-01 2024-03-31 11202447 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11202447 c:FullAccounts 2023-04-01 2024-03-31 11202447 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11202447 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11202447









TALANTON PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TALANTON PROPERTIES LIMITED
REGISTERED NUMBER: 11202447

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£


Fixed assets
540,000
540,000

Current assets
29,054
31,101

Creditors: amounts falling due within one year
(239,858)
(234,901)

Net current liabilities
 
 
(210,804)
 
 
(203,800)

Total assets less current liabilities
329,196
336,200

Creditors: amounts falling due after more than one year
(331,798)
(331,797)


Net (liabilities)/assets
(2,602)
4,403



Capital and reserves
(2,602)
4,403


Page 1

 
TALANTON PROPERTIES LIMITED
REGISTERED NUMBER: 11202447
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 August 2025.

Mahammed Adnan Imam
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
TALANTON PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
4,303
4,403


Comprehensive income for the year

Loss for the year

-
(7,005)
(7,005)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(7,005)
(7,005)


Total transactions with owners
-
-
-


At 31 March 2024
100
(2,702)
(2,602)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
TALANTON PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
100
656
756


Comprehensive income for the year

Profit for the year

-
3,647
3,647


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
3,647
3,647


Total transactions with owners
-
-
-


At 31 March 2023
100
4,303
4,403


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
TALANTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a members limited liability company incorporated in the United Kingdom.
The registered address of the company is:
22 Gilbert Street
London
W1K 5HD
The company's principal activity continued to be that of rental property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
TALANTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
540,000



At 31 March 2024

540,000






Net book value



At 31 March 2024
540,000



At 31 March 2023
540,000

Page 6

 
TALANTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
540,000
540,000

540,000
540,000



5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
557

Other debtors
29,044
30,544

29,044
31,101



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
10
-

10
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
35,511
42,238

Trade creditors
3,001
567

Amounts owed to group undertakings
201,346
190,696

Other creditors
-
1,400

239,858
234,901


Page 7

 
TALANTON PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
331,798
331,797

331,798
331,797


The following liabilities were secured:

2024
2023
£
£



Bank loan
331,797
331,797

331,797
331,797

Details of security provided:

Bank loan of £331,797 (2023 - £331,797) was secured on the assets of the company.


9.


Related party transactions

As at the reporting date, IPE Group (Holdings) Limited was owed £201,346 (2023: £190,696).


10.


Controlling party

The ultimate controlling party is Mohammed Adnan Imam by virtue of his majority shareholding into the company.

Page 8