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REGISTERED NUMBER: 10774442 (England and Wales)















TJRK Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






TJRK Limited (Registered number: 10774442)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TJRK Limited

Company Information
for the year ended 31 December 2023







Director: T R Jones





Registered office: Honeycroft
91 Silverdale Avenue
Walton-On-Thames
Surrey
KT12 1EJ





Registered number: 10774442 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

TJRK Limited (Registered number: 10774442)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 263,006 263,006

Current assets
Debtors 5 472,228 543,528
Cash at bank 57,372 172,452
529,600 715,980
Creditors
Amounts falling due within one year 6 169,152 186,709
Net current assets 360,448 529,271
Total assets less current liabilities 623,454 792,277

Creditors
Amounts falling due after more than one
year

7

155,400

308,331
Net assets 468,054 483,946

Capital and reserves
Called up share capital 8 650,000 650,000
Retained earnings 9 (181,946 ) (166,054 )
Shareholders' funds 468,054 483,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





T R Jones - Director


TJRK Limited (Registered number: 10774442)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

TJRK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currency translation
Functional and presentational currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non- monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.

Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax balances are recognised in respect of all timing differences that have been originated but not reversed by the balance sheet date, except that:

TJRK Limited (Registered number: 10774442)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Other financial assets, including investments in equity instruments of entities which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is nominally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the profit and loss account.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss unless they are included in a hedging arrangement.

Financial liabilities are derecognised when the liability is extinguished, that is when the associated contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Going concern
The company meets its day to day working capital requirements through the support of the director and
shareholder of the company. On this basis, the director and shareholder consider it appropriate to prepare the financial statements on the going concern basis.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

TJRK Limited (Registered number: 10774442)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Fixed asset investments
Interest in
associate
£
Cost
At 1 January 2023
and 31 December 2023 263,006
Net book value
At 31 December 2023 263,006
At 31 December 2022 263,006

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 472,228 543,528

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 121 -
Other creditors 169,031 186,709
169,152 186,709

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 155,400 308,331

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
650,000 Ordinary £1 650,000 650,000

9. Reserves
Retained
earnings
£

At 1 January 2023 (166,054 )
Deficit for the year (15,892 )
At 31 December 2023 (181,946 )

10. Related party disclosures

Included in other debtors is £472,228 (2022 - £543,528) owed by a connected company under common control.

During the year the company paid loan interest of £7,333 (2022 - £5,489) to a connected company under common control. At the year-end a balance of £308,331 (2022 - £492,940) was owed to in relation to the loan.