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REGISTERED NUMBER: 10099244 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TN PROJECTS LTD

TN PROJECTS LTD (REGISTERED NUMBER: 10099244)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TN PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J M Fekete





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 10099244 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

TN PROJECTS LTD (REGISTERED NUMBER: 10099244)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 43 84
Investment property 6 709,001 709,001
709,044 709,085

CURRENT ASSETS
Debtors 7 440,285 425,191
Cash at bank 4,590 2,614
444,875 427,805
CREDITORS
Amounts falling due within one year 8 (690,616 ) (681,297 )
NET CURRENT LIABILITIES (245,741 ) (253,492 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,303

455,593

CREDITORS
Amounts falling due after more than one
year

9

(506,582

)

(502,864

)
NET LIABILITIES (43,279 ) (47,271 )

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 (43,280 ) (47,272 )
SHAREHOLDERS' FUNDS (43,279 ) (47,271 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

TN PROJECTS LTD (REGISTERED NUMBER: 10099244)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 and authorised for issue by the director and authorised for issue on 23 January 2025 and were signed by:





J M Fekete - Director


TN PROJECTS LTD (REGISTERED NUMBER: 10099244)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

TN Projects 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

TN PROJECTS LTD (REGISTERED NUMBER: 10099244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 800
DEPRECIATION
At 1 May 2023 716
Charge for year 41
At 30 April 2024 757
NET BOOK VALUE
At 30 April 2024 43
At 30 April 2023 84

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 709,001
NET BOOK VALUE
At 30 April 2024 709,001
At 30 April 2023 709,001

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 179,464 176,370
Other debtors 260,821 248,821
440,285 425,191

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 1,433 2,053
Other creditors 689,183 679,244
690,616 681,297

TN PROJECTS LTD (REGISTERED NUMBER: 10099244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 493,908 488,107
Other creditors 12,674 14,757
506,582 502,864

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 14,757

Other creditors include Bounceback loan of £12,674 [2023 - £14,757]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 493,908 488,107
Other loans - 2-5 years 12,674 -
506,582 488,107

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 14,757

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 493,908 488,107

Bank loan is secured by first charge over the company's investment properties.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

TN PROJECTS LTD (REGISTERED NUMBER: 10099244)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

13. RESERVES
Retained
earnings
£   

At 1 May 2023 (47,272 )
Profit for the year 3,992
At 30 April 2024 (43,280 )