Company Registration No. 07900283 (England and Wales)
Transomas Investments Limited
Unaudited accounts
for the year ended 29 December 2024
Transomas Investments Limited
Unaudited accounts
Contents
Transomas Investments Limited
Company Information
for the year ended 29 December 2024
Directors
Mr. Jagjit Singh Gill
Mr. Tarnjit Singh Gill
Company Number
07900283 (England and Wales)
Registered Office
51 Gloucester Terrace
London
W2 3DQ
England
Transomas Investments Limited
Statement of financial position
as at 29 December 2024
Investment property
23,445,000
23,445,000
Debtors
15,553,050
15,553,050
Cash at bank and in hand
821,687
867,188
Creditors: amounts falling due within one year
(4,808,973)
(4,767,157)
Net current assets
11,565,764
11,653,081
Total assets less current liabilities
35,010,764
35,098,081
Creditors: amounts falling due after more than one year
(8,731,870)
(8,461,718)
Provisions for liabilities
Other provisions
(2,139,236)
(2,139,236)
Net assets
24,139,658
24,497,127
Called up share capital
13
13
Share premium
15,655,166
15,655,166
Profit and loss account
8,484,479
8,841,948
Shareholders' funds
24,139,658
24,497,127
For the year ending 29 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by
Mr. Tarnjit Singh Gill
Director
Company Registration No. 07900283
Transomas Investments Limited
Notes to the Accounts
for the year ended 29 December 2024
Transomas Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07900283. The registered office is 51 Gloucester Terrace, London, W2 3DQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 30 December 2023
23,445,000
At 29 December 2024
23,445,000
The fair value of the investment properties are based on the valuation carried out by Belleveue Mortlakes Chartered Surveyors on 7 December 2020, an independent valuer not connected with the company. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. As at the balance sheet date, the directors consider the valuation is still appropriate and the open market value of the investment properties is not significantly different to the valuation stated above.
Amounts falling due within one year
Trade debtors
93,188
93,188
Amounts due from group undertakings etc.
5,110,395
5,110,395
Other debtors
8,427,021
8,427,021
Amounts falling due after more than one year
Other debtors
1,922,446
1,922,446
Transomas Investments Limited
Notes to the Accounts
for the year ended 29 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
470
470
Trade creditors
10,986
10,986
Amounts owed to group undertakings and other participating interests
54,485
12,669
Taxes and social security
34,707
34,707
Other creditors
4,708,325
4,708,325
Other creditors include (2022: £2,503,430) due to related parties currently in dispute.
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
8,731,870
8,461,718
The bank loan is secured on the properties of the company. The company is disputing charges on its assets and related parties.
During the financial year, the Company was in a legal dispute regarding certain historical transactions (the “Legal Dispute”). As at the date of these accounts being approved, the Legal Dispute has concluded and the former director of the Company during the financial year has been made personally liable for the winning parties’ costs (in the circumstances, the parties adverse to the Company). The new directors are considering whether the Company may have claims against the former director of the Company for misappropriation of Company funds, including but not limited to: (1) expenses incurred to pursue the Legal Dispute for illegitimate purposes and for her personal benefit, (2) inflated director’s remuneration, and (3) overcharged management charges. No adjustments, if any, have been reflected in these financial statements, as the full extent of any such misappropriation is yet to be quantified.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).