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REGISTERED NUMBER: 08358740 (England and Wales)















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: M Gross





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





REGISTERED NUMBER: 08358740 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
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 4 765,000 765,000

CREDITORS
Amounts falling due within one year 5 (743,071 ) (729,527 )
NET CURRENT LIABILITIES (743,071 ) (729,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,929

35,473

CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 107,867 107,867
Retained earnings 9 (85,939 ) (72,395 )
SHAREHOLDERS' FUNDS 21,929 35,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 January 2025 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.

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 5 February 2025 and were signed by:





M Gross - Director


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 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 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 765,000
NET BOOK VALUE
At 29 January 2025 765,000
At 31 January 2024 765,000

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) 417,152 409,709
Other creditors 322,499 317,118
Accrued expenses 3,420 2,700
743,071 729,527

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 417,152 409,709

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: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2024 (72,395 ) 107,867 35,472
Deficit for the period (13,544 ) (13,544 )
At 29 January 2025 (85,939 ) 107,867 21,928

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Gross.