ACCOUNTT - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 12404225

FLAT 6 TOLWORTH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FLAT 6 TOLWORTH LIMITED

REGISTERED NUMBER: 12404225

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Investment property	4		440,541		440,541
Current assets
Debtors: amounts falling due within one year	5	7,009		5,046
Cash at bank and in hand	6	2,087		7,558
Creditors: amounts falling due within one year	7	(137,326)		(136,569)
Net current liabilities			(128,230)		(123,965)
Total assets less current liabilities			312,311		316,576
Creditors: amounts falling due after more than one year	8		(317,525)		(317,525)
Net liabilities			(5,214)		(949)

Capital and reserves
Called up share capital	10	1	1
Profit and loss account		(5,215)	(950)
		(5,214)	(949)

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 29 October 2025.

P E Summers

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

FLAT 6 TOLWORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Flat 6 Tolworth limited ("the Company") is a private company limited by shares and registered in England and Wales. The address of its registered office is 62 Salisbury Road, Walmer, Deal, Kent, CT14 7QJ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

These financial statements have been prepared on a going concern basis. The company is part financed by related parties and the director has confirmed support will continue to be provided by these companies for the foreseeable future. At the time of approval of these financial statements the director is of the opinion that the company will continue in operation for the foreseeable future.

2.3

Finance costs

Finance costs are charged to the Statement of comprehensive income 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

Revenue

Rental Income
Rental income is in respect of the longterm leasehold interest in the investment property. Such income is recognised in accordance with the leases granted.

2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Page 2

FLAT 6 TOLWORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.7

Investment property

Investment property is carried at fair value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

2.8

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.

2.9

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.

2.10

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.

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 3

FLAT 6 TOLWORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Investment property

		Long leasehold investment property
		£
	Valuation
	At 1 February 2024	440,541
	At 31 January 2025	440,541

The property was acquired in June 2020. In the opinion of the director, the value of the property has not materially changed in the period.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

Historic cost

441,041

Debtors

					2025	2024
					£	£

Other debtors	2,000	-
Prepayments and accrued income	5,009	5,046
	7,009	5,046

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	2,087	7,558

Page 4

FLAT 6 TOLWORTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other creditors	131,796	131,708
Accruals and deferred income	5,530	4,861
	137,326	136,569

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	317,525	317,525

The bank loan is secured by a fixed charge against the investment property held within the Company.

Amounts falling due after more than 5 years
Bank loans	317,525	317,525

10.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £1.00	1	1

11.	Related party transactions
	Included within other creditors due within one year is an amount of £127,980 (2024 - £127,980) owed to companies in which the director and shareholder has a significant interest. Included within other creditors due within one year is an amount of £2,416 (2024 - £2,328) due to the director of the company.

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