Company Registration No. 06954207 (England and Wales)
TLK Property & Investments Limited
Unaudited accounts
for the year ended 27 February 2019
TLK Property & Investments Limited
Unaudited accounts
Contents
TLK Property & Investments Limited
Statement of financial position
as at 27 February 2019
Tangible assets
18,918
23,195
Cash at bank and in hand
15,236
14,676
Creditors: amounts falling due within one year
(592,410)
(418,452)
Net current liabilities
(146,291)
(58,980)
Net liabilities
(127,172)
(35,584)
Called up share capital
1,000
1,000
Profit and loss account
(128,172)
(36,584)
Shareholders' funds
(127,172)
(35,584)
For the year ending 27 February 2019 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 27 November 2019.
Ozdemir Fadil
Director
Company Registration No. 06954207
TLK Property & Investments Limited
Notes to the Accounts
for the year ended 27 February 2019
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
TLK Property & Investments Limited
Notes to the Accounts
for the year ended 27 February 2019
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 28 February 2018
21,210
40,450
61,660
At 27 February 2019
21,210
40,921
62,131
At 28 February 2018
15,530
22,935
38,465
Charge for the year
1,136
3,612
4,748
At 27 February 2019
16,666
26,547
43,213
At 27 February 2019
4,544
14,374
18,918
At 27 February 2018
5,680
17,515
23,195
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Investments
Subsidiary undertakings
Valuation at 28 February 2018
201
Valuation at 27 February 2019
201
Details of company's subsidiaries at 27 February 2019 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
65,191
64,416
Amounts due from group undertakings etc.
133,882
95,066
Accrued income and prepayments
121,598
93,429
Other debtors
110,212
91,885
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
368,855
171,928
Amounts owed to group undertakings and other participating interests
167,489
105,212
Taxes and social security
7,500
10,916
Other creditors
40,168
22,968
Loans from directors
5,998
5,399
TLK Property & Investments Limited
Notes to the Accounts
for the year ended 27 February 2019
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, £110,428 (2018 : £81,334) was owed by the companies and £27,955 (2018 : £26,806) was owed to a company 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 (2018: 8).
