Company registration number 06190208 (England and Wales)
TTK PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
TTK PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
TTK PROPERTIES LIMITED (REGISTERED NUMBER: 06190208)
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
650,000
650,000
Current assets
Debtors
4
160,210
148,250
Cash at bank and in hand
59,468
59,849
219,678
208,099
Creditors: amounts falling due within one year
5
(14,329)
(14,040)
Net current assets
205,349
194,059
Total assets less current liabilities
855,349
844,059
Provisions for liabilities
(43,218)
(39,843)
Net assets
812,131
804,216
Capital and reserves
Called up share capital
2
2
Non-distributable profits reserve
6
276,883
280,259
Distributable profit and loss reserves
535,246
523,955
Total equity
812,131
804,216

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TTK PROPERTIES LIMITED (REGISTERED NUMBER: 06190208)
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 February 2024 and are signed on its behalf by:
Olivier Gillot
Director
TTK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

TTK Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectationtrue

that the company has adequate resources to continue in operational existence for the

foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in

preparing the financial statements.

1.3
Turnover

Turnover represents net invoiced sales of services and rental income.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

TTK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Investment property
2023
£
Fair value
At 1 July 2022 and 30 June 2023
650,000

Investment property comprises £650,000. The fair value of the investment property has been arrived at on the basis of a valuation carried out at market value by the Royal Institution of Chartered Surveyors , who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. In the opinion of the directors, the value of the property has not changed since the last valuation in 2019.

 

4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
160,210
148,250
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
1,164
Taxation and social security
12,333
10,976
Other creditors
1,996
1,900
14,329
14,040
TTK PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
6
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the year
280,259
280,259
Non distributable profits in the year
(3,376)
-
At the end of the year
276,883
280,259
7
Related party transactions

During the year the company charged rentals totalling £55,400 (2022; £49,700) services totalling £12,000 (2022: £12,000) to a company with common directors.

 

At the year end the company was owed £160,210 (2022: £147,847) from a company with common directors.

 

8
Parent company

The company is jointly owned by Societe Civile GDB Holding and Societe Civile Olapa Holding, entities incorporated in France.

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