Registered number: 09826625
TK INVESTMENTS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
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CONTENTS
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Statement of Financial Position
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Statement of Changes in Equity
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Notes to the Financial Statements
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TK INVESTMENTS LTD
FOR THE YEAR ENDED 30 JUNE 2023
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 Investments Ltd for the year ended 30 June 2023 which comprise the Statement of Financial Position, the Statement of Changes in Equity 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 at https://www.icaew.com /regulation.
This report is made solely to the Board of Directors of TK Investments Ltd, as a body, in accordance with the terms of our engagement letter dated 10 December 2020. Our work has been undertaken solely to prepare for your approval the financial statements of TK Investments Ltd and state those matters that we have agreed to state to the Board of Directors of TK Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TK Investments Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that TK Investments 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 loss of TK Investments Ltd. You consider that TK Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of TK Investments 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.
Sopher + Co LLP
Chartered Accountants
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD
12 November 2024
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TK INVESTMENTS LTD
REGISTERED NUMBER:09826625
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STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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For the year ended 30 June 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 November 2024.
The notes on pages 5 to 6 form part of these financial statements.
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TK INVESTMENTS LTD
REGISTERED NUMBER:09826625
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023
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The notes on pages 5 to 6 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
TK Investments Ltd is a private limited liability company incorporated in England and Wales, with its registered office at 2nd Floor, 1-3 Mount Street (entrance via Davies Street), London, W1K 3NB. The Company's business address is 70 Cadogan Place, London, SW1X 9AH.
The principal activity of the Company is that of an investment holding company.
The Company's functional and presentational currency is £ Sterling.
2.Accounting policies
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Basis of preparation of financial statements
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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.
The following principal accounting policies have been applied:
Investments in associates are measured at cost less accumulated impairment.
Short term creditors are measured at the transaction price.
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Investments in associates
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
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Amounts owed by participating interest
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Creditors: Amounts falling due within one year
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Allotted, called up and fully paid
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1 Ordinary share of £1.00
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In July 2023, Tanner Krolle International Limited issued an additional 47,712 Class A shares of £0.001 to the Company in consideration for the Company discharging the amount due to it by Tanner Krolle International Limited. This issue of shares resulted in majority control of Tanner Krolle International Limited passing to the Company.
The directors regard One Luxury Group S.C.SP, a partnership registered in Luxembourg, as the ultimate parent and controlling party.
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