TPD1 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11785388 (England and Wales)

Unaudited Financial Statements

for the Period 24 January 2019 to 31 December 2019

for

TPD1 Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Lapidus

S Trashchenko

REGISTERED OFFICE:

2B Haddo Street

Greenwich

London

SE10 9RN

REGISTERED NUMBER:

11785388 (England and Wales)

ACCOUNTANTS:

Burnbecks Limited

Chartered Certified Accountants

2B Haddo Street

Greenwich

London

SE10 9RN

FIXED ASSETS

Investment property

4

1,525,000

CURRENT ASSETS

Cash at bank and in hand

1,539

CREDITORS

Amounts falling due within one year

1,306,396

NET CURRENT LIABILITIES

(1,304,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

220,143

CREDITORS

Amounts falling due after more than one year

(48,581

)

PROVISIONS FOR LIABILITIES

(52,164

)

NET ASSETS

119,398

CAPITAL AND RESERVES

Called up share capital

1

Fair value reserve

5

222,382

Retained earnings

(102,985

)

119,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 December 2020 and were signed on its behalf by:

S Trashchenko - Director

1.	STATUTORY INFORMATION

TPD1 Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,525,000

At 31 December 2019

1,525,000

NET BOOK VALUE

At 31 December 2019

1,525,000

Fair value at 31 December 2019 is represented by:

£

Valuation in 2019

274,546

Cost

1,250,454

1,525,000

If investment property had not been revalued it would have been included at the following historical

cost:

£

Cost

1,250,454

Investment property was valued on a fair value basis on 31 December 2019 by the directors .

5.

RESERVES

Fair

value

reserve

£

Revaluation

274,546

Deferred tax

(52,164

)

At 31 December 2019

222,382