2023-01-012023-12-312023-12-31false11101009TKB ADVISORY SERVICES 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TKB ADVISORY SERVICES LIMITED

Registered Number
11101009
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TKB ADVISORY SERVICES LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Thomas Kennedy Burke

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

11101009 (England and Wales)
TKB ADVISORY SERVICES LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,2331,903
1,2331,903
Current assets
Debtors449,12949,129
Cash at bank and on hand9,30717,618
58,43666,747
Creditors amounts falling due within one year5(49,793)(65,771)
Net current assets (liabilities)8,643976
Total assets less current liabilities9,8762,879
Net assets9,8762,879
Capital and reserves
Called up share capital11
Profit and loss account9,8752,878
Shareholders' funds9,8762,879
The financial statements were approved and authorised for issue by the Director on 9 August 2024, and are signed on its behalf by:
Thomas Kennedy Burke
Director
Registered Company No. 11101009
TKB ADVISORY SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
TKB Advisory Services Limited is a limited liability partnership incorporated in England and Wales, registration number 11101009. It's registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The Company's functional and presentation currency is GBP. The principal place of business is 101 New Cavendish Street, London.
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 233,3543,354
At 31 December 233,3543,354
Depreciation and impairment
At 01 January 231,4511,451
Charge for year670670
At 31 December 232,1212,121
Net book value
At 31 December 231,2331,233
At 31 December 221,9031,903
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables49,12949,129
Total49,12949,129
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security16,09214,294
Other creditors19,76349,390
Accrued liabilities and deferred income13,9382,087
Total49,79365,771
6.Related party transactions
Included in other creditors is a balance of £19,763 (2022: £261) owed to the director from the company.