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REGISTERED NUMBER: 11251078 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

TMT CAPITAL LTD

TMT CAPITAL LTD (REGISTERED NUMBER: 11251078)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TMT CAPITAL LTD

Company Information
for the year ended 31 March 2024







Director: Mr D Fitter





Registered office: 417 Finchley Road
London
NW3 6HJ





Registered number: 11251078 (England and Wales)





Accountants: Duncan & Toplis Limited
3rd Floor, Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

TMT CAPITAL LTD (REGISTERED NUMBER: 11251078)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 12,420 13,957
Investments 5 200 200
Investment property 6 425,771 425,771
438,391 439,928

Current assets
Debtors 7 1,007,507 1,085,850
Cash at bank 62,575 9,951
1,070,082 1,095,801
Creditors
Amounts falling due within one year 8 133,040 539,243
Net current assets 937,042 556,558
Total assets less current liabilities 1,375,433 996,486

Creditors
Amounts falling due after more than one year 9 (1,084,184 ) (791,163 )

Provisions for liabilities (35,222 ) (35,606 )
Net assets 256,027 169,717

Capital and reserves
Called up share capital 11 100 100
Other reserves 96,352 96,352
Retained earnings 159,575 73,265
Shareholders' funds 256,027 169,717

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TMT CAPITAL LTD (REGISTERED NUMBER: 11251078)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr D Fitter - Director


TMT CAPITAL LTD (REGISTERED NUMBER: 11251078)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

TMT Capital 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 as modified by the revaluation of certain assets.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating the market value of investment properties. A review of the value of investment properties is carried out by management regularly. Whilst every attempt is made to ensure that the value is as accurate as possible, there remains a risk that the value disclosed in the accounts does not match the actual market value at the balance sheet date.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

TMT CAPITAL LTD (REGISTERED NUMBER: 11251078)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Other creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 1 (2023 - 1 ) .

TMT CAPITAL LTD (REGISTERED NUMBER: 11251078)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 April 2023 6,107 19,525 1,132 26,764
Additions - - 2,374 2,374
At 31 March 2024 6,107 19,525 3,506 29,138
Depreciation
At 1 April 2023 3,770 8,542 495 12,807
Charge for year 584 2,746 581 3,911
At 31 March 2024 4,354 11,288 1,076 16,718
Net book value
At 31 March 2024 1,753 8,237 2,430 12,420
At 31 March 2023 2,337 10,983 637 13,957

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2023
and 31 March 2024 200
Net book value
At 31 March 2024 200
At 31 March 2023 200

6. Investment property
Total
£
Fair value
At 1 April 2023
and 31 March 2024 425,771
Net book value
At 31 March 2024 425,771
At 31 March 2023 425,771

Fair value at 31 March 2024 is represented by:
£
Valuation in 2019 128,469
Cost 297,302
425,771

TMT CAPITAL LTD (REGISTERED NUMBER: 11251078)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 981,000 1,085,850
Other debtors 26,507 -
1,007,507 1,085,850

8. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings 104,500 116,308
Taxation and social security - 6,408
Other creditors 28,540 416,527
133,040 539,243

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 321,938 321,938
Other creditors 762,246 469,225
1,084,184 791,163

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 321,938 321,938
Bounce back loan 10,459 20,459
332,397 342,397

Bank loans are secured by way of fixed and floating charge over the company's assets and undertaking.

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 321,938 321,938

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100