Company Registration No. 10424818 (England and Wales)
TLK Serviced Apartments Limited
Unaudited accounts
for the period from 1 November 2017 to 28 February 2018
TLK Serviced Apartments Limited
Unaudited accounts
Contents
TLK Serviced Apartments Limited
Statement of financial position
as at 28 February 2018
Cash at bank and in hand
11,492
882
Creditors: amounts falling due within one year
(177,682)
(10,102)
Net current (liabilities)/assets
(136,935)
34,994
Total assets less current liabilities
(127,248)
34,994
Creditors: amounts falling due after more than one year
-
(36,250)
Net liabilities
(127,248)
(1,256)
Called up share capital
100
100
Profit and loss account
(127,348)
(1,356)
Shareholders' funds
(127,248)
(1,256)
For the period 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 director acknowledges his 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 5 February 2019.
Ozdemir Fadil
Director
Company Registration No. 10424818
TLK Serviced Apartments Limited
Notes to the Accounts
for the period from 1 November 2017 to 28 February 2018
TLK Serviced Apartments Limited is a private company, limited by shares, registered in England and Wales, registration number 10424818. The registered office is 16 Streatham High Road, London, SW16 1DB .
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 period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the services provided to the hotel guests and tenants is recognised when services have been delivered to customers.
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:
Fixtures & fittings
over the period of 3 years.
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.
4
Tangible fixed assets
Fixtures & fittings
At 28 February 2018
14,531
Charge for the period
4,844
TLK Serviced Apartments Limited
Notes to the Accounts
for the period from 1 November 2017 to 28 February 2018
Amounts due from group undertakings etc.
3,150
-
Accrued income and prepayments
1,109
-
Other debtors
24,326
43,730
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
48,383
7,430
Amounts owed to group undertakings and other participating interests
2,961
-
Taxes and social security
7,471
2,672
Loans from directors
96,700
-
7
Creditors: amounts falling due after more than one year
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company has taken advantage under FRS 102 1A not to disclose transactions with the subsidiary undertakings.
The company's parent company is TLK Property Investment Limited incorporated in England. The address of its Registered Office and the principle place of business is 16 Streatham High Road, London SW16 1DB.
11
Average number of employees
During the period the average number of employees was 2 (2017: 1).
