Company Registration No. 10424818 (England and Wales)
TLK SERVICED APARTMENTS LIMITED
Unaudited accounts
for the year ended 28 February 2023
TLK SERVICED APARTMENTS LIMITED
Unaudited accounts
Contents
TLK SERVICED APARTMENTS LIMITED
Company Information
for the year ended 28 February 2023
Directors
Ozdemir Fadil
R P Headley
Company Number
10424818 (England and Wales)
Registered Office
16 STREATHAM HIGH ROAD
LONDON
SW16 1DB
UNITED KINGDOM
Accountants
HS Global Accountancy Ltd
7 Alder Brook
14-20 High Street
Wealdstone
HA3 7HA
TLK SERVICED APARTMENTS LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
51,411
53,877
Cash at bank and in hand
27,357
49,541
Creditors: amounts falling due within one year
(354,824)
(182,807)
Net current liabilities
(131,277)
(8,045)
Total assets less current liabilities
(79,866)
45,832
Creditors: amounts falling due after more than one year
(234,817)
(259,221)
Net liabilities
(314,683)
(213,389)
Called up share capital
100
100
Profit and loss account
(314,783)
(213,489)
Shareholders' funds
(314,683)
(213,389)
For the year ending 28 February 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by
Ozdemir Fadil
Director
Company Registration No. 10424818
TLK SERVICED APARTMENTS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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, UNITED KINGDOM.
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.
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
in accordance with the property
Plant & machinery
straight line over 3 years
The accounts are presented in £ sterling.
TLK SERVICED APARTMENTS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings
At 28 February 2023
61,629
At 28 February 2023
10,218
At 28 February 2023
51,411
At 28 February 2022
53,877
Amounts falling due within one year
Trade debtors
54,347
24,671
Amounts due from group undertakings etc.
999
5,118
Accrued income and prepayments
47,022
43,609
Other debtors
93,822
51,823
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
86,782
75,302
Amounts owed to group undertakings and other participating interests
12,898
-
Taxes and social security
52,816
26,580
Other creditors
13,563
13,648
Deferred income
60,530
26,740
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
234,817
259,221
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
TLK SERVICED APARTMENTS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
9
Average number of employees
During the year the average number of employees was 16 (2022: 14).