REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2024 TO 29 JANUARY 2025 |
FOR |
TELSTONE LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2024 TO 29 JANUARY 2025 |
FOR |
TELSTONE LTD |
TELSTONE LTD (REGISTERED NUMBER: 08358740) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2024 TO 29 JANUARY 2025 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
TELSTONE LTD |
COMPANY INFORMATION |
FOR THE PERIOD 1 FEBRUARY 2024 TO 29 JANUARY 2025 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
115 Craven Park Road |
South Tottenham |
London |
N15 6BL |
TELSTONE LTD (REGISTERED NUMBER: 08358740) |
STATEMENT OF FINANCIAL POSITION |
29 JANUARY 2025 |
29.1.25 | 31.1.24 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve | 9 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
TELSTONE LTD (REGISTERED NUMBER: 08358740) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 FEBRUARY 2024 TO 29 JANUARY 2025 |
1. | STATUTORY INFORMATION |
Telstone Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net rent receivable, excluding value added tax. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2024 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2024 |
and 29 January 2025 |
NET BOOK VALUE |
At 29 January 2025 |
At 31 January 2024 |
Fair value at 29 January 2025 is represented by: |
£ |
Valuation in 2015 | 52,867 |
Valuation in 2016 | 55,000 |
Cost | 657,133 |
765,000 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.1.25 | 31.1.24 |
£ | £ |
Bank loans and overdrafts (see note 6) |
Other creditors |
Accrued expenses |
TELSTONE LTD (REGISTERED NUMBER: 08358740) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 FEBRUARY 2024 TO 29 JANUARY 2025 |
6. | LOANS |
An analysis of the maturity of loans is given below: |
29.1.25 | 31.1.24 |
£ | £ |
Amounts falling due within one year or on demand: |
Bridging loan | 417,152 | 409,709 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
29.1.25 | 31.1.24 |
£ | £ |
Bank loans |
Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.1.25 | 31.1.24 |
value: | £ | £ |
Ordinary | 1 | 1 | 1 |
9. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 February 2024 | ( |
) | 35,472 |
Deficit for the period | ( |
) | ( |
) |
At 29 January 2025 | ( |
) | 21,928 |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |