Registration number.

NI 059468

TONER PROPERTIES LTD

Director's report and financial
statements
for the year ended 31 March 2008

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 Registration number. NI 059468

TONER PROPERTIES LTD

Director's report
for the year ended 31 March 2008

The director presents his report and the financial statements for the year ended 31 March
2008.

Principal activity The principal activity of the company is to carry m the business of propert
acquisition and es and any other associated activity or service.

Director and their interests The directors who served during the year and theirs interest in
the company are as stated below:

Ordinary shares 31/3/2008

William James Toner 1

Mary Matilda Toner 1

This report is prepared in accordance with the special provisions of part 1 of the Companies
(Northern Ireland) Order 1986.

This report was approved by the Board on 30 April 2008.................and signed on its
behalf by

Mary Toner

Secretary

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 Registration number. NI 059468

TONER PROPERTIES LTD

Profit and loss account
for the year ended 31 March 2008

2008 2007

Turnover 10389 14463

Cost of sales
Gross profit 10389 14463
Administrative expenses 2341 3706
Operating profit 8049 10757
Interest payable and similar charges nil nil
Profit on ordinary 8049 10757
activities before taxation

Tax on profit on ordinary activities 1610 2043

Profit on ordinary activities after taxation 6439 8714

Dividends Nil
Retained profit for the year 6439 8714
Retained profit brought forward 8714 nil
Retained profit carried forward 15152 8714

There are no recognised gains or losses other than the profit or loss for the above
two financial years.

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 Registration number. NI 059468

Balance sheet
as at 31 Mar 2008
2008 2007

Fixed assets

Intangible assets Nil Nil

Tangible assets Nil Nil

Current assets

Debtors nil nil

Cash at bank and in hand 16764 14465

Creditors: amounts falling due within one year HMRC 1610 5750
Net current assets 15154 8715

Total assets less current liabilities 8715

Creditors: amounts falling due after more than one year nil nil

Net assets 8715

Capital and reserves nil nil

Called up share capital 2 2

Profit and loss account 15152 8713

Equity shareholders' funds 15154 8715

The director's statements required by Article 257B(4) are shown on the following
page which forms part of this Balance Sheet.

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 Registration number. NI 059468

TONER PROPERTIES LTD

Balance sheet

Director's statements required by Article 25711(4)

for the year ended 31 March 2008
In approving these financial statements as director of the company I hereby confirm:

(a) that for the year stated above the company was entitled to the exemption conferred by Article
257A(1) of the Companies (Northern Ireland) Order 1986 ;

(b) that no notice has been deposited at the registered office of the company pursuant to Article
257B(2) requesting that an audit be conducted for the year ended 31 March 2008 and

(c) that I acknowledge my responsibilities for:

(1) ensuring that the company keeps accounting records which comply with Article 229, and

(2) preparing financial statements which give a true and fair view of the state of affairs of the company
as at the end of the financial year and of its profit or loss for the year then ended in accordance with the
requirements of Article 234 and which otherwise comply with the provisions of the Companies
(Northern Ireland) Order relating to financial statements, so far as applicable to the company.

In preparing these financial statements we have relied on the exemptions for individual financial
statements conferred by Section A of Part 1 of Schedule 8 of the Companies (Northern Ireland) Order
1986 on the grounds that the company is entitled to the benefit of those exemptions as a small sized
company.

The financial statements were approved by the Board on 30 April 2008 . and signed on its
behalf by

William Toner
Director

Mary Toner
Company Secretaruy

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 Registration number. NI 059468

TONER PROPERTIES LTD

Notes to the financial statements for the year ended 31 March 2008

1. Accounting policies

1.1 Accounting convention

The financial statements are prepared under the historical cost convention

The company has taken advantage of the exemption in FRS1 from the requirement to produce a
cashfiow statement because it is a small company.

1.2. Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during
the year.

1.3. Goodwill

1.4. Tangible fixed assets and depreciation

NA
1.5. Leasing and hire purchase commitments

NA

2. Turnover

The total turnover of the company for the year has been derived from its principal activity wholly
undertaken in the UK,

TONER PROPERTIES LTD

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