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REGISTERED NUMBER: 09095776 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

NTMK LIMITED

NTMK LIMITED (REGISTERED NUMBER: 09095776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NTMK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms N D Paphitis
Ms T P D Kambouri
Ms M Kambouris





REGISTERED OFFICE: 324 Seven Sisters Road
Finsbury Park
London
N4 2AP





REGISTERED NUMBER: 09095776 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

NTMK LIMITED (REGISTERED NUMBER: 09095776)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,303,637 3,303,637

CURRENT ASSETS
Debtors 5 11,755 19,706
Cash at bank 168,341 65,101
180,096 84,807
CREDITORS
Amounts falling due within one year 6 2,498,760 2,523,411
NET CURRENT LIABILITIES (2,318,664 ) (2,438,604 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

984,973

865,033

PROVISIONS FOR LIABILITIES 93,630 93,630
NET ASSETS 891,343 771,403

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 7 443,250 443,250
Retained earnings 7 447,793 327,853
SHAREHOLDERS' FUNDS 891,343 771,403

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

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

The directors acknowledge their 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.

NTMK LIMITED (REGISTERED NUMBER: 09095776)

BALANCE SHEET - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Ms T P D Kambouri - Director


NTMK LIMITED (REGISTERED NUMBER: 09095776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

NTMK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. These estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances.

The estimates and underlying assumptions are reviewed on an ongoing basis. There has been no judgements made by management in the application of FRS 102 that have had a significant effect on the financial statements and estimates with a significant risk of material adjustment.

Turnover
Turnover represents invoiced services and rent receivable.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.


NTMK LIMITED (REGISTERED NUMBER: 09095776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 3,303,637
NET BOOK VALUE
At 31 March 2023 3,303,637
At 31 March 2022 3,303,637

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 536,880
Cost 2,766,757
3,303,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,605 14,975
Prepayments 5,150 4,731
11,755 19,706

NTMK LIMITED (REGISTERED NUMBER: 09095776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 28,124 17,841
Other creditors 1,469,239 1,499,239
Directors' current accounts 987,575 987,575
Accrued expenses 13,822 18,756
2,498,760 2,523,411

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 327,853 443,250 771,103
Profit for the year 119,940 119,940
At 31 March 2023 447,793 443,250 891,043

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Ms N D Paphitis
Balance outstanding at start of year (328,865 ) (328,865 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (328,865 ) (328,865 )

Ms T P D Kambouri
Balance outstanding at start of year (329,003 ) (329,003 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (329,003 ) (329,003 )

Ms M Kambouris
Balance outstanding at start of year (329,707 ) (329,707 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (329,707 ) (329,707 )

NTMK LIMITED (REGISTERED NUMBER: 09095776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. RELATED PARTY DISCLOSURES

Other creditors include an amount of £871,219 (2022: £871,219) owed to companies in which the directors have an interest.

During the period, the company invoiced rental charges amounting to £81,600 (2022: £81,600) to a company in which the directors have an interest.