TOGA PROPERTIES LIMITED

TOGA PROPERTIES LIMITED
Contents Page
For the Period 20 August 2024 to 31 August 2025

Company information	1
Directors' report	2
Accountants' report	3
Income statement	4
Statement of financial position	5
Notes to the financial statements	6
Statement of changes in equity	7

TOGA PROPERTIES LIMITED
Company Information
For the Period 20 August 2024 to 31 August 2025

Directors	Olutomi Ajoke OKUNDIA Telcy OKUNDIA
Registered Number	15906180
Registered Office	28 OAKENSHAW REACH BASINGSTOKE ENGLAND RG24 9QU
Accountants	SA Accountancy Practice Equitable House Suit 202, 7 General Gordon Square London SE18 6FH
Bankers	Mettle Natwest Bank

1

TOGA PROPERTIES LIMITED
Directors' Report
For the Period 20 August 2024 to 31 August 2025

Director's report and financial statements

The directors present his/her/their annual report and the financial statements for the year ended 31 August 2025.

Principal activities

Principal activity of the company during the financial year was of .68100 - Buying and selling of own real estate
68201 - Renting and operating of Housing Association real estate
68209 - Other letting and operating of own or leased real estate
68320 - Management of real estate on a fee or contract basis

Directors

The directors who served the company throughout the period were as follows:

Olutomi Ajoke OKUNDIA

Telcy OKUNDIA

Statement of directors' responsibilities

The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:

----------------------------------
Olutomi Ajoke OKUNDIA
Director

Date approved: 19 May 2026

2

TOGA PROPERTIES LIMITED Accountants' Report For the Period 20 August 2024 to 31 August 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 August 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. SA Accountancy Practice 31 August 2025 .................................................... SA Accountancy Practice Equitable House Suit 202, 7 General Gordon Square London SE18 6FH 19 May 2026 3

TOGA PROPERTIES LIMITED
Accountants' Report
For the Period 20 August 2024 to 31 August 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
SA Accountancy Practice
31 August 2025

....................................................

SA Accountancy Practice
Equitable House
Suit 202, 7 General Gordon Square
London
SE18 6FH
19 May 2026

3

TOGA PROPERTIES LIMITED
Income Statement
For the Period 20 August 2024 to 31 August 2025

	Notes	2025 £
Turnover		13,950
Cost of sales		(2,037)
Gross profit		11,913
Administrative expenses		(27,676)
Operating loss		(15,763)
Interest payable and similar charges		(8,346)
Profit/(Loss) on ordinary activities before taxation		(24,109)
Tax on profit on ordinary activities		-
Profit/(Loss) for the financial period		(24,109)

4

Registered Number: 15906180 TOGA PROPERTIES LIMITED
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £
Fixed assets
Tangible fixed assets	3	270,000
		270,000
Current assets
Debtors	4	(92,922)
Cash at bank and in hand		2,313
		(90,609)
Net current assets		(90,609)

Total assets less current liabilities		179,391
Creditors: amount falling due after more than one year	5	(202,500)
Net assets		(23,109)

Capital and reserves
Called up share capital	6	1,000
Profit and loss account		(24,109)
Shareholders' funds		(23,109)

For the period ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The financial statements were approved by the board of directors on 19 May 2026 and were signed on its behalf by:

-------------------------------
Olutomi Ajoke OKUNDIA
Director

5

TOGA PROPERTIES LIMITED
Statement of Changes in Equity
For the Period 20 August 2024 to 31 August 2025

	Equity share capital	Revaluation reserve	Capital redemption reserve	Retained Earnings	Total
	£	£	£	£	£
At 20 August 2024					-
Profit for the period				(24,109)	(24,109)
Total comprehensive income for the period	-	-	-	(24,109)	(24,109)
Shares issued	1,000				1,000
Total investments by and distributions to owners	1,000	-	-	-	1,000
At 31 August 2025	1,000			(24,109)	(23,109)

6

TOGA PROPERTIES LIMITED
Notes to the Financial Statements
For the Period 20 August 2024 to 31 August 2025

General Information

TOGA PROPERTIES LIMITED is a private company, limited by shares, registered in , registration number 15906180, registration address 28 OAKENSHAW REACH, BASINGSTOKE ENGLAND, RG24 9QU.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the period was 0.

3.

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 20 August 2024	-	-
Additions	270,000	270,000
Disposals	-	-
At 31 August 2025	270,000	270,000
Depreciation
At 20 August 2024	-	-
Charge for period	-	-
On disposals	-	-
At 31 August 2025	-	-
Net book values
Closing balance as at 31 August 2025	270,000	270,000
Opening balance as at 20 August 2024	-	-

4.

Debtors: amounts falling due after one year

	2025 £
Directors Loan Accounts	(92,922)
	(92,922)

5.

Creditors: amount falling due after more than one year

	2025 £
Bank Loans & Overdrafts (secured)	202,500
	202,500

6.

Share Capital

Allotted, called up and fully paid	2025 £
0 Class A share of £1.00 each	-
	-

7

Registered Number: 15906180

TOGA PROPERTIES LIMITED

Unaudited Financial Statements

Period of accounts Start date: 20 August 2024 End date: 31 August 2025