THP1 Limited

THP1 Limited

THP1 LIMITED - Company Information

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1 January 2023 false No description of principal activity Taxfiler 2023.14 10797549business:PrivateLimitedCompanyLtd2023-01-012023-12-31 107975492022-12-31 107975492023-01-012023-12-31 10797549business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10797549business:FilletedAccounts2023-01-012023-12-31 107975492023-12-31 10797549business:Director12023-01-012023-12-31 10797549business:Director22023-01-012023-12-31 10797549business:RegisteredOffice2023-01-012023-12-31 107975492022-12-31 10797549core:WithinOneYear2023-12-31 10797549core:WithinOneYear2022-12-31 10797549core:AfterOneYear2023-12-31 10797549core:AfterOneYear2022-12-31 10797549core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10797549core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10797549core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10797549core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10797549core:PreviouslyStatedAmount2023-12-31 10797549core:PreviouslyStatedAmount2022-12-31 10797549business:SmallEntities2023-01-012023-12-31 10797549countries:EnglandWales2023-01-012023-12-31 10797549core:WithinOneYear2023-01-012023-12-31 10797549core:AfterOneYear2023-01-012023-12-31 107975492022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10797549 (England and Wales)
THP1 Limited Unaudited accounts for the year ended 31 December 2023
THP1 Limited Unaudited accounts Contents
Page
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THP1 Limited Company Information for the year ended 31 December 2023
Directors
Mr Ravishankar Tumuluri Dr Neeta Jay Kapadia
Company Number
10797549 (England and Wales)
Registered Office
Venture X, 1 Ariel Way London W12 7SL United Kingdom
Accountants
Lunar Accountancy Ltd 41 Lancaster Gate London W2 3NA
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THP1 Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
4
651,800 
651,800 
Current assets
Debtors
5
6,300 
225,695 
Cash at bank and in hand
2 
239 
6,302 
225,934 
Creditors: amounts falling due within one year
6
(5,486)
(186,945)
Net current assets
816 
38,989 
Total assets less current liabilities
652,616 
690,789 
Creditors: amounts falling due after more than one year
7
(636,511)
(674,800)
Net assets
16,105 
15,989 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,103 
15,987 
Shareholders' funds
16,105 
15,989 
For the year ending 31 December 2023 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 28 February 2024 and were signed on its behalf by
Mr Ravishankar Tumuluri Director Company Registration No. 10797549
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THP1 Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
THP1 Limited is a private company, limited by shares, registered in England and Wales, registration number 10797549. The registered office is Venture X,, 1 Ariel Way, London, W12 7SL, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
651,800 
At 31 December 2023
651,800 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,600 
202,800 
Other debtors
700 
22,895 
6,300 
225,695 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,459 
30,916 
Trade creditors
- 
150,000 
Taxes and social security
27 
1,874 
Other creditors
- 
3,655 
Accruals
- 
500 
5,486 
186,945 
As at 31st December 2023 the company owed £Nil (2022 £2,000) to Tyler Hill Renewables Limited, a company in which the director, Ravishankar Tumuluri, is a director and shareholder and that is included in other creditors.
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THP1 Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
546,779 
546,779 
Other creditors
89,732 
128,021 
636,511 
674,800 
The bank loans are secured against the properties owned by the company. The loans are interest only. As at 31st December 2023 the company owed £89,732 (2022 £128,021) to Tyler Hill Ventures Limited, a company in which the director, Ravishankar Tumuluri, is a director and shareholder. Interest is charged at 6% per annum, unless waived.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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