Talwar & Sons Properties Limited

Unaudited Financial Statements for the Year Ended 30 June 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V P Talwar

A P Talwar

N P Talwar

REGISTERED OFFICE:

Om House

32 Broughton Street

Manchester

Greater Manchester

M8 8NN

REGISTERED NUMBER:

03771060 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

110,000

Investments

5

100

Investment property

6

1,700,000

1,810,100

CURRENT ASSETS

Debtors

7

882,450

695,938

Cash at bank

35,735

157,083

918,185

853,021

CREDITORS

Amounts falling due within one year

8

47,162

72,599

NET CURRENT ASSETS

871,023

780,422

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,681,123

2,590,522

CREDITORS

Amounts falling due after more than one
year

9

(375,363

)

(406,442

)

PROVISIONS FOR LIABILITIES

(8,518

)

(8,518

)

NET ASSETS

2,297,242

2,175,562

CAPITAL AND RESERVES

Called up share capital

703,575

Fair value reserve

11

23,625

Retained earnings

1,570,042

1,448,362

SHAREHOLDERS' FUNDS

2,297,242

2,175,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 3 September 2025 and were signed on its behalf by:

A P Talwar - Director

1.	STATUTORY INFORMATION

Talwar & Sons Properties 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.

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.

Turnover

Turnover represents net rents receivable, excluding value added tax.

Tangible fixed assets

Depreciation is based on historic cost or valuation, less the estimated residual value and the estimated economic life of the asset concerned. Freehold land & buildings are not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2023

and 30 June 2024

110,000

NET BOOK VALUE

At 30 June 2024

110,000

At 30 June 2023

110,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2023

and 30 June 2024

100

NET BOOK VALUE

At 30 June 2024

100

At 30 June 2023

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2023

and 30 June 2024

1,700,000

NET BOOK VALUE

At 30 June 2024

1,700,000

At 30 June 2023

1,700,000

Investment properties were valued using market data by the directors.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

Amounts owed by group undertakings

882,249

600,000

Other debtors

201

95,938

882,450

695,938

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

Loans

36,800

40,000

Trade creditors

16

96

Taxation and social security

7,299

28,309

Other creditors

3,047

4,194

47,162

72,599

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.24

30.6.23

£

Bank loans

375,363

406,442

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

199,163

231,442

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.24

30.6.23

£

Bank loans

412,163

446,442

11.

RESERVES

Fair

value

reserve

£

At 1 July 2023

and 30 June 2024

23,625

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 June 2024 and the period ended 30 June 2023:

30.6.24

30.6.23

£

N P Talwar and A P Talwar

Balance outstanding at start of year

95,839

-

Amounts advanced

-

95,839

Amounts repaid

(95,839

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

95,839