TASA Investments Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09840063 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

TASA Investments Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

CURRENT ASSETS

Debtors

4

1,025,001

1,025,001

TOTAL ASSETS LESS CURRENT LIABILITIES

1,025,001

1,025,001

CAPITAL AND RESERVES

Called up share capital

34

34

Share premium

1,024,967

1,024,967

SHAREHOLDERS' FUNDS

1,025,001

1,025,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 October 2023 and were signed by:

T Akbar - Director

1.	STATUTORY INFORMATION

TASA Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09840063

Registered office:

6 The Charter Road

Woodford Green

London

IG8 9QU

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.

The Director considers that Pounds Sterling are the company's functional currency. The financial statements are therefore presented in Pounds Sterling.

Going concern

The Director's review of the impact of COVID-19 to the business activities of the Company is covered in the Directors' report.

The Director considers that the Company will continue have the ability to generate cash to meet its obligations when they fall due. The Director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, the going concern basis of accounting continues to be adopted in preparing the annual financial statements.

Taxation

Taxation for the year 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 year 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 year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

1,025,001

1,025,001

5.	RELATED PARTY DISCLOSURES

Included in debtors is an interest free loan amounting to £1,025,000 due from a company under the control of the director and his family equity interests in that company.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is T Akbar.