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REGISTERED NUMBER: 13195959 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

10KC LIMITED

10KC LIMITED (REGISTERED NUMBER: 13195959)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


10KC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTOR: E G Butler





REGISTERED OFFICE: 333 Fordhouse Lane
Stirchley
Birmingham
B30 3AA





REGISTERED NUMBER: 13195959 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

10KC LIMITED (REGISTERED NUMBER: 13195959)

BALANCE SHEET
28 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,108 10,497
Investment property 5 511,200 495,568
522,308 506,065

CURRENT ASSETS
Debtors 6 171 1,872
Cash at bank 6,904 10,661
7,075 12,533
CREDITORS
Amounts falling due within one year 7 202,363 206,228
NET CURRENT LIABILITIES (195,288 ) (193,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,020

312,370

CREDITORS
Amounts falling due after more than one
year

8

322,485

318,278
NET ASSETS/(LIABILITIES) 4,535 (5,908 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 11,724 -
Retained earnings (7,190 ) (5,909 )
4,535 (5,908 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

10KC LIMITED (REGISTERED NUMBER: 13195959)

BALANCE SHEET - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





E G Butler - Director


10KC LIMITED (REGISTERED NUMBER: 13195959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

10KC Limited 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.

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 - 25% on 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.

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 NIL (2023 - NIL).

10KC LIMITED (REGISTERED NUMBER: 13195959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 15,009
Additions 5,150
At 28 February 2024 20,159
DEPRECIATION
At 1 March 2023 4,512
Charge for year 4,539
At 28 February 2024 9,051
NET BOOK VALUE
At 28 February 2024 11,108
At 28 February 2023 10,497

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 495,568
Revaluations 15,632
At 28 February 2024 511,200
NET BOOK VALUE
At 28 February 2024 511,200
At 28 February 2023 495,568

Fair value at 28 February 2024 is represented by:
£   
Valuation in 2024 15,632
Cost 495,568
511,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 171 200
Other debtors - 1,672
171 1,872

10KC LIMITED (REGISTERED NUMBER: 13195959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security (200 ) (200 )
Other creditors 202,563 206,428
202,363 206,228

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Taxation and social security 3,908 -
Other creditors 318,577 318,278
322,485 318,278

9. RESERVES
Fair
value
reserve
£   
Transfer 11,724

At 28 February 2024 11,724