REGISTERED NUMBER:
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TRANSWORLD REAL ESTATE LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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REGISTERED NUMBER:
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TRANSWORLD REAL ESTATE LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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TRANSWORLD REAL ESTATE LIMITED (REGISTERED NUMBER: 04545190) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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TRANSWORLD REAL ESTATE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Tudor House |
16 Cathedral Road |
Cardiff |
CF11 9LJ |
TRANSWORLD REAL ESTATE LIMITED (REGISTERED NUMBER: 04545190) |
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STATEMENT OF FINANCIAL POSITION |
31ST MARCH 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
TRANSWORLD REAL ESTATE LIMITED (REGISTERED NUMBER: 04545190) |
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STATEMENT OF FINANCIAL POSITION - continued |
31ST MARCH 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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TRANSWORLD REAL ESTATE LIMITED (REGISTERED NUMBER: 04545190) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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1. | STATUTORY INFORMATION |
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Transworld Real Estate Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Office equipment - 25% Straight line |
Fixtures and Fittings - 25% Straight line |
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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. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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TRANSWORLD REAL ESTATE LIMITED (REGISTERED NUMBER: 04545190) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st April 2020 |
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Additions |
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At 31st March 2021 |
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DEPRECIATION |
At 1st April 2020 |
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Charge for year |
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At 31st March 2021 |
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NET BOOK VALUE |
At 31st March 2021 |
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At 31st March 2020 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1st April 2020 |
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Disposals | ( |
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At 31st March 2021 |
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NET BOOK VALUE |
At 31st March 2021 |
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At 31st March 2020 |
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6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st April 2020 |
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Additions |
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At 31st March 2021 |
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NET BOOK VALUE |
At 31st March 2021 |
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At 31st March 2020 |
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TRANSWORLD REAL ESTATE LIMITED (REGISTERED NUMBER: 04545190) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary shares | 1 | 2 | 2 |
TRANSWORLD REAL ESTATE LIMITED (REGISTERED NUMBER: 04545190) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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10. | RELATED PARTY DISCLOSURES |
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The company was under the control of the directors as disclosed on page 1 of the financial statements throughout the year. |
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During the year Transworld Real Estate Limited invoiced Lower West Side Limited £0 (2020 - £2,550,000), a company in which Mr. D.H. Loosemore has a controlling interest. |
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During the year Transworld Real Estate Limited invoiced Urban Centric (DM) Limited £160,000 (2020 - £0), a company in which Mr. D.H. Loosemore has a controlling interest. |
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During the year Transworld Real Estate Limited invoiced Tucasa Limited £30,000 (2020 - £0), a company in which Mr. D.H. Loosemore has a significant interest. |
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As at the year end Transworld Real Estate Limited was owed £335,000 (2020 - £335,000) by Arbor Vale Limited, a company in which Mr. D.H. Loosemore has a controlling interest. |
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As at the year end Transworld Real Estate Limited was owed £145,000 (2020 - £145,000) by Urban Centric (Cardiff) Limited, a company in which Mrs. R.E. Loosemore has a controlling interest. |
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As at the year end Transworld Real Estate Limited was owed £110,000 (2020 - £110,000) by Urban Centric (Blackboy) Limited, a company in which Mrs. R.E. Loosemore has a significant interest. |
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As at the year end Transworld Real Estate Limited was owed £1,005,456 (2020 - £555,546) by Portabella CF11 Limited, a company in which Mrs. R.E. Loosemore has a controlling interest. |
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As at the year end Transworld Real Estate Limited was owed £0 (2020 - £50,000) by Portabella AH Limited, a company in which Mrs. R.E. Loosemore has a controlling interest. |
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As at the year end Transworld Real Estate Limited was owed £2,000 (2020 - £0) by South Central Cardiff Limited, a company in which Mr. D.H. Loosemore has a controlling interest. |
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As at the year end Transworld Real Estate Limited was owed £38,705 (2020 - £0) by Urban Centric (Connaught Road) Limited, a company in which Mrs. R.E. Loosemore has a significant interest. |
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As at the year end Transworld Real Estate Limited was owed £0 (2020 - £5,000) by Tucasa Limited, a company in which Mr. D.H. Loosemore has a significant interest. |