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Registration number: 05645539

Taranna Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Taranna Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Taranna Properties Limited

Company Information

Director | Mr Ahsan Raza

Registered office | 796-798 Fulham Road London SW6 5SL

Solicitors | MTG Solicitors Partnership Warley Chambers 2nd Floor Warley Road Hayes Middlesex UB4 0PU

Accountants | SK Accountants Accountants53 Hurstdene Avenue Staines Upon Thames Surrey TW18 1JG

Taranna Properties Limited

(Registration number: 05645539)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 2,440,013 | 2,442,439
Current assets |  |  |
Cash at bank and in hand |  | 46,284 | 8,203
Creditors: Amounts falling due within one year | 5 | (73,197) | (52,645)
Net current liabilities |  | (26,913) | (44,442)
Total assets less current liabilities |  | 2,413,100 | 2,397,997
Creditors: Amounts falling due after more than one year | 5 | (438,699) | (479,541)
Net assets |  | 1,974,401 | 1,918,456
Capital and reserves |  |  |
Called up share capital | 6 | 500,000 | 500,000
Revaluation reserve |  | 825,000 | 825,000
Retained earnings |  | 649,401 | 593,456
Shareholders' funds |  | 1,974,401 | 1,918,456

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 September 2025

......................................... Mr Ahsan Raza Director

Taranna Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
796-798 Fulham Road
London
SW6 5SL
England

These financial statements were authorised for issue by the director on 12 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
No deferred tax is provided on the revalued amounts of investment properties as the company has no plans to dispose of these properties in the foreseeable future.

Taranna Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | Not Depreciated
Leasehold improvements | Term of lease

Investment property

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired term is less than 20 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Taranna Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Properties under construction £ | Total £
Cost or valuation
At 1 January 2024 | 1,898,653 | 12,130 | 534,082 | 2,444,865
At 31 December 2024 | 1,898,653 | 12,130 | 534,082 | 2,444,865
Depreciation
At 1 January 2024 | - | 2,426 | - | 2,426
Charge for the year | - | 2,426 | - | 2,426
At 31 December 2024 | - | 4,852 | - | 4,852
Carrying amount
At 31 December 2024 | 1,898,653 | 7,278 | 534,082 | 2,440,013
At 31 December 2023 | 1,898,653 | 9,704 | 534,082 | 2,442,439

Included within the net book value of land and buildings above is £1,898,653 (2023 - £1,898,653) in respect of freehold land and buildings.

Revaluation

The fair value of the company's Freehold Property was revalued on 12 January 2017 by an independent valuer. The name and qualification of the independent valuer are Richard Winser Associates, FRICS .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2023 - £Nil).

Taranna Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Taxation and social security | 18,704 | 13,912
Accruals and deferred income | 500 | 500
Other creditors | 53,993 | 38,233
| 73,197 | 52,645

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 7 | 438,699 | 479,541

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 500,000 | 500,000 | 500,000 | 500,000

7 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 438,699 | 479,541

Bank borrowings

Lloyds - £705,000 is denominated in GBP with a nominal interest rate of 6.11%, and the final instalment is due on 31 March 2038. The carrying amount at year end is £438,699 (2023 - £479,541). Secured against 796-798 Fulham Road,London SW6 5SL

8 | Related party transactions

Taranna Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Transactions with the director

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 31 December 2024 £
Mr Ahsan Raza
Non-interest loan due to director | 38,234 | (10,000) | 25,760 | 53,994

2023 | At 1 January 2023 £ | Repayments by director £ | At 31 December 2023 £
Mr Ahsan Raza
Non-interest loan due to director | 10,671 | 27,563 | 38,234

Taranna Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Director's remuneration

The director's remuneration for the year was as follows:

| 2024 £ | 2023 £
Remuneration | 4,000 | -