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Registered number: 11176117









TALANTON INVESTMENT LIMITED







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TALANTON INVESTMENT LIMITED
 
 
COMPANY INFORMATION


Director
Mohammed Adnan Imam (appointed 30 January 2018)




Registered number
11176117



Registered office
2nd Floor
22 Gilbert Street

London

W1K 5HD





 
TALANTON INVESTMENT LIMITED
 

CONTENTS



Page
Director's report
1
Balance sheet
1 - 2
Statement of changes in equity
3 - 4
Notes to the financial statements
5 - 8


 
TALANTON INVESTMENT LIMITED
REGISTERED NUMBER: 11176117

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£


Fixed assets
720,000
720,000

Current assets
205,359
180,631

Creditors: amounts falling due within one year
(521,465)
(481,696)

Net current liabilities
 
 
(316,106)
 
 
(301,065)

Total assets less current liabilities
403,894
418,935

Creditors: amounts falling due after more than one year
(499,200)
(499,200)


Net liabilities
(95,306)
(80,265)



Capital and reserves
(95,306)
(80,265)


Page 1

 
TALANTON INVESTMENT LIMITED
REGISTERED NUMBER: 11176117
    
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.




Mohammed Adnan Imam
Director

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

Page 2

 
TALANTON INVESTMENT 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
(80,365)
(80,265)


Comprehensive income for the year

Loss for the year

-
(15,041)
(15,041)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(15,041)
(15,041)


Total transactions with owners
-
-
-


At 31 March 2024
100
(95,406)
(95,306)


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

Page 3

 
TALANTON INVESTMENT 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
(78,955)
(78,855)


Comprehensive income for the year

Loss for the year

-
(1,410)
(1,410)


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
(1,410)
(1,410)


Total transactions with owners
-
-
-


At 31 March 2023
100
(80,365)
(80,265)


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

Page 4

 
TALANTON INVESTMENT 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 cpmpany's principal activity continued to be of investment property.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
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.

Page 5

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

2.Accounting policies (continued)

 
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.

 
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).

Page 6

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

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 April 2023
720,000



At 31 March 2024

720,000






Net book value



At 31 March 2024
720,000



At 31 March 2023
720,000




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


2024
2023
£
£

Freehold
720,000
720,000

720,000
720,000



5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
100
100

100
100

Due within one year

Amounts owed by group undertakings
-
429

Other debtors
82,853
82,853

Prepayments and accrued income
122,400
97,200

205,353
180,582


Page 7

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

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
8
49

8
49



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
28,948
42,243

Trade creditors
4,937
3,376

Amounts owed to group undertakings
72,723
-

Other creditors
414,857
436,077

521,465
481,696


The following liabilities were secured:

2024
2023
£
£



Bank loan
499,200
499,200

499,200
499,200

Details of security provided:

Bank loan of £499,200 (2023: 499,200) was secured on the assets of the company.


8.


Related party transactions

As at the year end the company owed to IPE Group Holdings Ltd £72,723 (2023: (429)


9.


Controlling party

As at the end of reporting period, the ultimate controlling party was Mr Mohammed Adnan Imam by virtue of his shareholding of the company.

Page 8