Teamex (uk) Limited 03166609 Real Estate Investment false 1 January 2023 03166609 2023-01-01 2023-12-31 03166609 2022-12-31 03166609 2023-12-31 03166609 2022-01-01 2022-12-31 03166609 2021-12-31 03166609 2022-12-31 03166609 frs102-bus:Micro-entities 2023-01-01 2023-12-31 03166609 frs102-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03166609 frs102-bus:FullAccounts 2023-01-01 2023-12-31 03166609 frs102-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03166609 frs102-core:CurrentFinancialInstruments 2023-12-31 03166609 frs102-core:CurrentFinancialInstruments 2022-12-31 03166609 frs102-bus:Director1 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
03166609
Teamex (uk) Limited
Unaudited Accounts
for the year ended
31 December 2023
Teamex (uk) Limited
Balance Sheet
as at 31 December 2023

2023
£
2022
£
Fixed assets 642,427 589,248
Current assets 1,577,650 1,688,173
Prepayments and accrued income: 0 (925)
Creditors: amounts falling due within one year (1,427,955) (1,481,442)
Net current assets / (liabilities) 149,695 205,806
Total assets less current liabilities 792,122 795,054
Total net assets (liabilities) 792,122 795,054
Capital and reserves 792,122 795,054



.
During the period the average number of employees was 3 (2022: 3).
Note on Rental Income: In this, as well as the previous accounting period, all rental income, including both long-term and short-term lettings, is reported under general turnover. | Note on Debt Write-Off: During the current accounting period, the company recognised an additional write-off amounting to £45,000 relating to a debt due from its wholly-owned subsidiary. This follows a prior write-off of £247,500 in the previous accounting period. The decision to write off this further amount was made after a continued assessment of the subsidiary's financial position, which revealed insufficient assets to cover the outstanding debt. As a result, this additional amount was considered a bad debt. This write-off has further reduced the company's total assets and equity by the corresponding amount. Management will continue to evaluate the subsidiary's financial condition and explore options for future recovery or restructuring.
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105, the Financial Reporting Standard applicable to the Micro-entities Regime, and the micro-entity provisions of the Companies Act 2006. The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 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.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...................................................

Mr V Karatosic

Director

Approved by the board on 20 September 2024

Company Number: 03166609 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

124 City Road
124 City Road
London
EC1V 2NX
England