Tekka Digital UK Limited 09155917 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is distributing interactive service and content to the world of web and mobile phone. Digita Accounts Production Advanced 6.30.9574.0 true true true 09155917 2022-01-01 2022-12-31 09155917 2022-12-31 09155917 core:RetainedEarningsAccumulatedLosses 2022-12-31 09155917 core:ShareCapital 2022-12-31 09155917 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09155917 core:FurnitureFittingsToolsEquipment 2022-12-31 09155917 bus:SmallEntities 2022-01-01 2022-12-31 09155917 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09155917 bus:FullAccounts 2022-01-01 2022-12-31 09155917 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 09155917 bus:RegisteredOffice 2022-01-01 2022-12-31 09155917 bus:Director3 2022-01-01 2022-12-31 09155917 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09155917 core:FurnitureFittings 2022-01-01 2022-12-31 09155917 1 2022-01-01 2022-12-31 09155917 countries:UnitedKingdom 2022-01-01 2022-12-31 09155917 2021-12-31 09155917 core:FurnitureFittingsToolsEquipment 2021-12-31 09155917 2021-01-01 2021-12-31 09155917 2021-12-31 09155917 core:RetainedEarningsAccumulatedLosses 2021-12-31 09155917 core:ShareCapital 2021-12-31 09155917 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 iso4217:GBP xbrli:pure

Tekka Digital UK Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2022

Registration number: 09155917

 

Tekka Digital UK Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Tekka Digital UK Limited

Balance Sheet

31 December 2022

Note

2022
£

2021
£

Current assets

 

Cash at bank and in hand

 

29,741

30,008

Creditors: Amounts falling due within one year

5

(12,212)

(9,596)

Net assets

 

17,529

20,412

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

16,529

19,412

Shareholders' funds

 

17,529

20,412

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
G S Lingua
Director

Company Registration Number: 09155917

 

Tekka Digital UK Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Primrose Hill
36 Gloucester Avenue
London
NW1 7BB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102, including section Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in pound sterling, rounded to the nearest whole pound.

Going concern

The director has decided to wind down the operations of the company during the year and no turnover has been received since the year end. As there is no turnover the director does not feel there is an impact on the company in relation to the coronavirus pandemic. The company has not been made dormant and continues to incur expenditure.

The director has reviewed the level of core overheads of the business, to determine if there is sufficient working capital to meet these requirements, for a period of at least twelve months from the date of approval of these financial statements. Following this review, based on the information available to date the director is satisfied that the company has sufficient cash balances to meet these requirements and, accordingly, the director continues to adopt the going concern basis of presentation.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Tekka Digital UK Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

3 years straight line

Leases

Rentals payable under operating leases are charged in the profit and loss on a straight line basis over the lease term.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 1).

 

Tekka Digital UK Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2022

5,059

5,059

At 31 December 2022

5,059

5,059

Depreciation

At 1 January 2022

5,059

5,059

At 31 December 2022

5,059

5,059

Carrying amount

At 31 December 2022

-

-

5

Creditors

Creditors: amounts falling due within one year

Note

2022
 £

2021
 £

Due within one year

 

Amounts due to group undertakings

10,832

8,396

Accrued expenses

 

1,380

1,200

 

12,212

9,596

 

Tekka Digital UK Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2022

6

Parent and ultimate parent undertaking

The company's immediate parent is Tekka Digital SA, incorporated in Switzerland.

Parent and ultimate parent undertaking

The ultimate parent company is Tekka SpA, incorporated in Italy. This company produces publicly available consolidated financial statements. These financial statements are available upon request from Lungo Dora Colletta 75, 10153 Turin, Italy.