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REGISTERED NUMBER: 11769489 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TK PROPERTY GROUP LTD

TK PROPERTY GROUP LTD (REGISTERED NUMBER: 11769489)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


TK PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: S Fearon
R Murphy





REGISTERED OFFICE: White Tower
Media City
Salford
M50 2NT





REGISTERED NUMBER: 11769489 (England and Wales)





ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ

TK PROPERTY GROUP LTD (REGISTERED NUMBER: 11769489)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a real estate agency.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

S Fearon
R Murphy

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Fearon - Director


18 October 2024

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TK PROPERTY GROUP LTD


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TK Property Group Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TK Property Group Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TK Property Group Ltd and state those matters that we have agreed to state to the Board of Directors of TK Property Group Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TK Property Group Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TK Property Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TK Property Group Ltd. You consider that TK Property Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TK Property Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ


18 October 2024

TK PROPERTY GROUP LTD (REGISTERED NUMBER: 11769489)

INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2024

Period
1.2.20
Year Ended to
31.1.24 31.1.23
Notes £    £   

TURNOVER 1,076,306 991,649

Administrative expenses 621,147 405,351
OPERATING PROFIT 4 455,159 586,298

Interest receivable and similar income 653 99
455,812 586,397

Interest payable and similar expenses 715 778
PROFIT BEFORE TAXATION 455,097 585,619

Tax on profit 107,950 110,605
PROFIT FOR THE FINANCIAL YEAR 347,147 475,014

TK PROPERTY GROUP LTD (REGISTERED NUMBER: 11769489)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,108 6,372

CURRENT ASSETS
Debtors 6 144,431 117,008
Cash at bank and in hand 132,165 117,585
276,596 234,593
CREDITORS
Amounts falling due within one year 7 253,382 237,790
NET CURRENT ASSETS/(LIABILITIES) 23,214 (3,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,322

3,175

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,222 3,075
SHAREHOLDERS' FUNDS 36,322 3,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:



S Fearon - Director



R Murphy - Director


TK PROPERTY GROUP LTD (REGISTERED NUMBER: 11769489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

TK Property Group Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Office equipment - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 6 ) .

TK PROPERTY GROUP LTD (REGISTERED NUMBER: 11769489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.2.20
Year Ended to
31.1.24 31.1.23
£    £   
Depreciation - owned assets 1,274 1,593

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 10,192 1,642 11,834
Additions - 8,010 8,010
At 31 January 2024 10,192 9,652 19,844
DEPRECIATION
At 1 February 2023 4,871 591 5,462
Charge for year 1,064 210 1,274
At 31 January 2024 5,935 801 6,736
NET BOOK VALUE
At 31 January 2024 4,257 8,851 13,108
At 31 January 2023 5,321 1,051 6,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 104,418 32,008
Amounts owed by group undertakings - 85,000
Other debtors 40,013 -
144,431 117,008

TK PROPERTY GROUP LTD (REGISTERED NUMBER: 11769489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 27,500 37,500
Tax 107,742 110,710
Social security and other taxes 6,235 4,986
VAT 60,194 47,411
Other creditors 37,000 24,000
Directors current account 7,309 6,783
Accrued expenses 7,402 6,400
253,382 237,790