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REGISTERED NUMBER: 04794211 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TECKNO PROPERTIES LIMITED

TECKNO PROPERTIES LIMITED (REGISTERED NUMBER: 04794211)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TECKNO PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A Langley
S W Lunt





SECRETARY: S W Lunt





REGISTERED OFFICE: Waterside Road
Beverley
East Yorkshire
HU17 0ST





REGISTERED NUMBER: 04794211 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

TECKNO PROPERTIES LIMITED (REGISTERED NUMBER: 04794211)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 196,000 196,000
Investment property 5 1,669,043 1,669,043
1,865,043 1,865,043

CURRENT ASSETS
Debtors 6 651,955 674,942
Cash at bank 33,285 72,574
685,240 747,516
CREDITORS
Amounts falling due within one year 7 67,827 132,924
NET CURRENT ASSETS 617,413 614,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,482,456

2,479,635

CREDITORS
Amounts falling due after more than one year 8 - 57,390
NET ASSETS 2,482,456 2,422,245

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,481,456 2,421,245
2,482,456 2,422,245

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TECKNO PROPERTIES LIMITED (REGISTERED NUMBER: 04794211)

BALANCE SHEET - continued
31 December 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 21 May 2024 and were signed on its behalf by:





A Langley - Director


TECKNO PROPERTIES LIMITED (REGISTERED NUMBER: 04794211)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Teckno Properties Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 19 Cave Road, Brough, HU15 1HA.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual entity only.

The principal activity of the company is property rental.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the current economic environment, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

TECKNO PROPERTIES LIMITED (REGISTERED NUMBER: 04794211)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 196,000
NET BOOK VALUE
At 31 December 2023 196,000
At 31 December 2022 196,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,669,043
NET BOOK VALUE
At 31 December 2023 1,669,043
At 31 December 2022 1,669,043

The directors review investment properties annually and consider the valuation to be fairly stated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 651,955 674,942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 67,005
Taxation and social security 17,828 14,995
Other creditors 49,999 50,924
67,827 132,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 57,390