Company Registration No. 06954207 (England and Wales)
TLK Property & Investments Limited
Unaudited accounts
for the year ended 28 February 2018
TLK Property & Investments Limited
Unaudited accounts
Contents
TLK Property & Investments Limited
Statement of financial position
as at 28 February 2018
Tangible assets
23,195
29,013
Cash at bank and in hand
14,676
39,770
Creditors: amounts falling due within one year
(418,452)
(387,823)
Net current (liabilities)/assets
(58,980)
119,090
Net (liabilities)/assets
(35,584)
148,103
Called up share capital
1,000
1,000
Profit and loss account
(36,584)
147,103
Shareholders' funds
(35,584)
148,103
For the year ending 28 February 2018 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.
Approved by the Board on 28 February 2019.
Ozdemir Fadil
Director
Company Registration No. 06954207
TLK Property & Investments Limited
Notes to the Accounts
for the year ended 28 February 2018
TLK Property & Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 06954207. The registered office is 16 Streatham High Road, London, SW16 1DB, England.
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.
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.
The accounts are presented in £ sterling.
The company's balance sheet shows a negative position at the period end, however at the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future on the assumption of continued support of from the director and a shareholder. Thus, the director continue to adopt the going concern basis of accounting in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 5 years
Motor vehicles
18% on reducing balance
Investments in shares are included at fair value.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
TLK Property & Investments Limited
Notes to the Accounts
for the year ended 28 February 2018
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2017
21,210
41,335
62,545
At 28 February 2018
21,210
40,450
61,660
At 1 March 2017
14,109
19,423
33,532
Charge for the year
1,421
4,397
5,818
At 28 February 2018
15,530
22,935
38,465
At 28 February 2018
5,680
17,515
23,195
At 28 February 2017
7,101
21,912
29,013
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Investments
Subsidiary undertakings
Valuation at 1 March 2017
-
Valuation at 28 February 2018
201
Details of company's subsidiaries at 28 February 20118 are as follows
TLK Property Services Limited registered in England and Wales and held directly 100% of Ordinary share capital.
TLK Serviced Apartments Limited registered in England and Wales and held directly 100% of Ordinary share capital.
That Housing Company Limited registered in England and Wales and held directly 100% of Ordinary share capital.
Trade debtors
64,416
31,215
Amounts due from group undertakings etc.
95,066
118
Accrued income and prepayments
93,429
57,544
Other debtors
91,885
378,266
TLK Property & Investments Limited
Notes to the Accounts
for the year ended 28 February 2018
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
171,928
71,076
Amounts owed to group undertakings and other participating interests
105,212
49,330
Taxes and social security
10,916
13,117
Other creditors
22,968
18,559
Loans from directors
5,399
139,237
Deferred income
100,029
82,390
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Transactions with related parties
At the balance sheet date, £81,334 was owed by the companies in which Mr O Fadil have interests.
The company is taking advantage of the provisions of FRS102, whereby it is not disclosing related party transactions with its subsidiary undertakings.
The ultimate controlling party is the directors of the company.
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Average number of employees
During the year the average number of employees was 8 (2017: 8).