Tov 777 Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11632293 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

TOV 777 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W T Soriano

Mrs O Weinberger

REGISTERED OFFICE:

Buckingham House 2nd Floor

45 Vivian Avenue

London

NW4 3XA

REGISTERED NUMBER:

11632293 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Investment property

4

4,660,412

2,657,738

CURRENT ASSETS

Cash at bank and in hand

153,176

46,846

CREDITORS

Amounts falling due within one year

5

(2,138,310

)

(1,992,275

)

NET CURRENT LIABILITIES

(1,985,134

)

(1,945,429

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,675,278

712,309

CREDITORS

Amounts falling due after more than one year

6

(2,688,905

)

(723,070

)

PROVISIONS FOR LIABILITIES

(2,013

)

(2,013

)

NET LIABILITIES

(15,640

)

(12,774

)

CAPITAL AND RESERVES

Called up share capital

8

180

180

Other reserves

8,581

8,581

Retained earnings

(24,401

)

(21,535

)

SHAREHOLDERS' FUNDS

(15,640

)

(12,774

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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.

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 2 December 2022 and were signed on its behalf by:

Mrs O Weinberger - Director

1.	STATUTORY INFORMATION

Tov 777 Limited 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.

The directors report net current liabilities of £1,985,134 (2021: £1,945,429 ) at the balance sheet date. The parent company confirms that it will continue to support the company and will not seek repayment of the amounts it is owed ahead of other creditors in the foreseeable future.

Due to the above the director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2021

2,657,738

Additions

2,002,674

At 31 May 2022

4,660,412

NET BOOK VALUE

At 31 May 2022

4,660,412

At 31 May 2021

2,657,738

Fair value at 31 May 2022 is represented by:

£

Valuation in 2021

10,594

Cost

4,649,818

4,660,412

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Amounts owed to group undertakings

1,961,102

1,960,998

Other creditors

177,208

31,277

2,138,310

1,992,275

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.22

31.5.21

£

£

Bank loans

2,688,905

723,070

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,688,905

723,070

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.22

31.5.21

£

£

Bank loans

2,688,905

723,070

Bank loans are secured against the investment property owned by the company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

100

Ordinary

£1

100

100

80

Preference

£1

80

80

180

180

9.	ULTIMATE CONTROLLING PARTY

The company is owned by Tov 7 Limited.

The ultimate controlling party is Mr W T Soriano and Mrs Orly Weingberger.