13072578 2023-01-01 2023-12-31 13072578 uk-bus:Director1 2023-01-01 2023-12-31 13072578 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13072578 uk-bus:SmallEntities 2023-01-01 2023-12-31 13072578 uk-bus:FullAccounts 2023-01-01 2023-12-31 13072578 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13072578 2023-01-01 13072578 2023-12-31 13072578 2022-01-01 2022-12-31 13072578 2022-12-31 xbrli:pure iso4217:GBP 13072578 2022-01-01 2022-12-31
Company Registration Number : 13072578 (England and Wales)
13072578
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-12-31
false
TMTT INVESTMENT LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-01-01
TMTT INVESTMENT LIMITED
Unaudited financial statements and annual report
For the year ended 31 December 2023
TMTT INVESTMENT LIMITED
Contents
For the year ended 31 December 2023

CONTENTS PAGE
Company Information 3
Directors' Report 4
Directors' Responsibilities Statement
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10
Detailed Income Statement 11


TMTT INVESTMENT LIMITED
Company Information
For the year ended 31 December 2023

Company registration number 13072578 (England and Wales)
Directors Olumuyiwa BANWO
Oluwatoyin BANWO
Registered office address 42 Acorn Close
Ashford
TN23 3HR
Accountant












Accountant





TMTT INVESTMENT LIMITED
Directors' Report
For the year ended 31 December 2023

The directors present their report and the Unaudited Financial Statements for the year ended 31 December 2023.
Principal activity
The principal activity of the company continued to be that of owning and renting of own property.
Directors of the company
The following directors held office during the whole of the period:
Olumuyiwa BANWO
Oluwatoyin BANWO
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A

Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent; and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Olumuyiwa BANWO (Director)
Date: 09 March 2024
This report was approved by the board on 2024-03-09 Date: 09 March 2024
TMTT INVESTMENT LIMITED
Accountant's report
For the year ended 31 December 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of TMTT INVESTMENT LIMITED for the year ended 31 December 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TMTT INVESTMENT LIMITED for the year ended 31 December 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.





2024-03-09 Date: 09 March 2024
5
TMTT INVESTMENT LIMITED
Income Statement
For the year ended 31 December 2023

2023 2022
Notes £ £
Turnover 5 17,283 8,606
Cost of sales (326) (941)
Gross profit 16,957 7,665
Selling and distribution expenses - (30)
Administrative expenses (5,596) (4,680)
Operating profit 11,362 2,955
Interest payable and similar charges 7 (4,404) (4,523)
Profit on ordinary activities before taxation 6,957 (1,568)
Profit for the year 6,957 (1,568)
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023 2022
£ £
TMTT INVESTMENT LIMITED
Statement of Financial Position
For the year ended 31 December 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 8 - 292
Investment Property 9 289,532 289,532
289,532 289,824
Current assets
Debtors 10 30,295 -
Cash and cash equivalents 11 1,975 30,912
32,270 30,912
Current liabilities
Creditors: Amounts falling due within one year 12 (14) (756)
(14) (756)
Net current assets/(liabilities) 32,255 30,156
Total assets less current liabilities 321,787 319,980
Non-current liabilities
Creditors: Amounts falling due after more than one year 13 (207,055) (212,205)
Net assets/(liabilities) 114,732 107,775
Capital and reserves
Called up share capital 14 112,112 112,112
Retained earnings 2,620 (4,337)
Shareholders' funds 114,732 107,775
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 31 December 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 10 April 2024
.............................
Olumuyiwa BANWO (Director)
Company registration number: 13072578
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-12-31 31 December 2023
2023 2022
£ £
Fixed Assets 289,532 289,824
Current Assets 32,270 30,912
Creditors: amounts falling due within one year (14) (756)
Net current assets (liabilities) 32,255 30,156
Total assets less current liabilities 321,787 319,980
CREDITORS: Amounts falling due more than one year (207,055) (212,205)
Net Assets (liabilities) 114,732 107,775
Capital and Reserves 114,732 107,775
For the year ending 31/12/2023 the company was entitled to exemption 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. For the year ending 31-12-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 10 April 2024 2024-03-09 and signed on behalf of the board,
.............................
Olumuyiwa BANWO
Director
Company registration number: 13072578
TMTT INVESTMENT LIMITED
Notes to the Financial Statements
For the year ended 31 December 2023

(1) General Information
TMTT INVESTMENT LIMITED is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
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. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023 2022
£ £
Sales 17,283 8,606
17,283 8,606

(6) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(7) Interest payable and similar charges
2023 2022
£ £
Interest on bank loans and overdrafts 4,404 4,523
4,404 4,523

(8) Tangible fixed assets
Land and BuildingsFixtures and FittingsTotals
£££
Cost
As at 01 January 2023(3,108)3,108-
As at 31 December 2023(3,108)3,108-
Depreciation
As at 31 December 2023---
Net book value
As at 31 December 2023(3,108)3,108-
As at 31 December 2022(3,108)3,108-

(9) Investment Property
Investment Properties
£
Cost
As at 01 January 2023289,532
As at 31 December 2023289,532
Depreciation
As at 31 December 2023-
Net book value
As at 31 December 2023289,532
As at 31 December 2022289,532

(10) Debtors
Amounts falling due within one year
2023 2022
£ £
Other debtors 30,295 -
30,295 -

(11) Cash and cash equivalents
2023 2022
£ £
Bank balance 1,975 30,912
1,975 30,912

(12) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 14 756
14 756

(13) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 207,055 212,205
207,055 212,205

(14) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
11,211,200 (2022 : 11,211,197) Ordinary Shares of £ 0.01 each112,112112,112
112,112 112,112
Ordinary shares hold equal voting rights.
Retained earnings 2023
£
At 1 January 2023 (4,337)
Profit of the year 6,957
At 31 December 2023 2,620
TMTT INVESTMENT LIMITED
Detailed Income Statement
For the year ended 31 December 2023




This section does not form part of the statutory accounts.




2023 2022
£ £
Turnover 17,283 8,606
Less : Cost of sales
Other Direct Expenditure 326 941
326 941
Gross Profit 16,957 7,665
Less : Selling and distribution expenses
Subsistence - 30
- 30
Less : Administrative expenses
Light, Power and Heating 17 204
Repairs and Renewals 828 -
Low Value Equipment 292 -
Accountancy, Bookkeeping and Auditing Fees 792 864
Legal and Professional Fees 484 1,668
Insurance 3,181 1,944
Printing, Postage and Stationery 1 -
5,596 4,680
Operating profit 11,362 2,955
Less : Interest payable and similar charges
Hire Purchase, Mortgage and Other Interest 4,404 4,523
4,404 4,523
Profit on ordinary activities before taxation 6,957 (1,568)
Net profit for the year after taxation 6,957 (1,568)
Net profit for the year after dividends 6,957 (1,568)
Retained losses brought forward (4,337) (2,769)
Retained profits carried forward 2,620 (4,337)