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

TUDOR INVESTMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Shah

Mrs R A Shah

Mrs M Rupani

SECRETARIES:

Mrs R A Shah

Mrs S A Ashar

REGISTERED OFFICE:

Tudor House

185 Kenton Road

Kenton

Harrow

Middlesex

HA3 0EY

REGISTERED NUMBER:

03705187 (England and Wales)

ACCOUNTANTS:

Barretts

Chartered Accountants &

Chartered Tax Advisers

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

3,536,427

675,770

Investment property

6

2,000,000

2,000,000

5,536,427

2,675,770

CURRENT ASSETS

Debtors

7

2,415,970

5,077,989

Cash at bank

1,372,084

789,644

3,788,054

5,867,633

CREDITORS

Amounts falling due within one year

8

877,435

225,593

NET CURRENT ASSETS

2,910,619

5,642,040

TOTAL ASSETS LESS CURRENT LIABILITIES

8,447,046

8,317,810

CREDITORS

Amounts falling due after more than one year

9

(5,082,857

)

(5,189,037

)

PROVISIONS FOR LIABILITIES

(334,548

)

(254,256

)

NET ASSETS

3,029,641

2,874,517

CAPITAL AND RESERVES

Called up share capital

10

500

500

Capital redemption reserve

11

500

500

Retained earnings

11

3,028,641

2,873,517

SHAREHOLDERS' FUNDS

3,029,641

2,874,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 11 March 2024 and were signed on its behalf by:

A M Shah - Director

1.	STATUTORY INFORMATION

Tudor Investments 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 represents rents received from tenants, net of value added tax..

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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.

Income from limited liability partnership membership

Income is recognised from LLPs of which the company is a member for the financial period of each LLP ending in this year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 July 2022

and 30 June 2023

3,833

DEPRECIATION

At 1 July 2022

and 30 June 2023

3,833

NET BOOK VALUE

At 30 June 2023

-

At 30 June 2022

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2022

675,770

Additions

2,903,084

Disposals

(25,000

)

Share of profit/(loss)

(17,427

)

At 30 June 2023

3,536,427

NET BOOK VALUE

At 30 June 2023

3,536,427

At 30 June 2022

675,770

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2022

and 30 June 2023

2,000,000

NET BOOK VALUE

At 30 June 2023

2,000,000

At 30 June 2022

2,000,000

Fair value at 30 June 2023 is represented by:

£

Valuation in 202

1,338,190

Cost

661,810

2,000,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023

2022

£

£

Cost

661,810

661,810

Investment properties were valued on an open market basis on 30 June 2022 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

2,415,970

5,077,989

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Tax

60,286

38,302

Other creditors

162,739

170,401

Directors' current accounts

641,004

3,782

Accruals and deferred income

13,406

13,108

877,435

225,593

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Shareholder loans

2,782,312

2,797,270

Loans

2,300,545

2,391,767

5,082,857

5,189,037

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

500

Ordinary

£1

500

500

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 July 2022

2,873,517

500

2,874,017

Profit for the year

235,416

235,416

Revaluation of investment properties

(80,292

)

-

(80,292

)

At 30 June 2023

3,028,641

500

3,029,141