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REGISTERED NUMBER: 06662842 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Troika Ltd

Troika Ltd (Registered number: 06662842)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Troika Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss M C Freyer
S M Noel
Miss E Rucki





SECRETARY: Miss E Rucki





REGISTERED OFFICE: Unit E
67-69 Digby Road
London
E9 6HX





REGISTERED NUMBER: 06662842 (England and Wales)





ACCOUNTANTS: Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE

Troika Ltd (Registered number: 06662842)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,275 84,911

CURRENT ASSETS
Stocks 30,707 11,391
Debtors 6 146,574 80,718
Investments 7 48,754 36,523
Cash at bank and in hand 238,061 259,122
464,096 387,754
CREDITORS
Amounts falling due within one year 8 100,858 100,373
NET CURRENT ASSETS 363,238 287,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,513

372,292

PROVISIONS FOR LIABILITIES 6,714 5,165
NET ASSETS 399,799 367,127

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 399,796 367,124
SHAREHOLDERS' FUNDS 399,799 367,127

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 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.

Troika Ltd (Registered number: 06662842)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





Miss E Rucki - Director


Troika Ltd (Registered number: 06662842)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Troika 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 (£).


Amounts are rounded to the nearest 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 gross sales of artworks and consultancy fees, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line over 3 years
Fixtures and fittings - straight line over 3 years
Computer equipment - straight line over 3 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Troika Ltd (Registered number: 06662842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 132,217 3,988 18,320 154,525
DEPRECIATION
At 1 April 2023 52,221 3,988 13,405 69,614
Charge for year 39,998 - 1,638 41,636
At 31 March 2024 92,219 3,988 15,043 111,250
NET BOOK VALUE
At 31 March 2024 39,998 - 3,277 43,275
At 31 March 2023 79,996 - 4,915 84,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 107,507 37,301
VAT - 20,299
Accrued income 37,567 20,411
Prepayments 1,500 2,707
146,574 80,718

7. CURRENT ASSET INVESTMENTS
31/3/24 31/3/23
£    £   
Other 48,754 36,523

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation 44,917 37,774
Social security and other taxes 392 392
VAT 7,093 -
Other creditors 686 686
Directors' current accounts 41,536 53,198
Accrued expenses 6,234 8,323
100,858 100,373

Troika Ltd (Registered number: 06662842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party. The directors jointly control the company by virtue of their shareholding.