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Registered number: 14873309
Tdk Trade Limited
Unaudited Financial Statements
For the Period 16 May 2023 to 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14873309
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 300,000
300,000
CURRENT ASSETS
Debtors 5 1,999
Cash at bank and in hand 1,638
3,637
Creditors: Amounts Falling Due Within One Year 6 (15,681 )
NET CURRENT ASSETS (LIABILITIES) (12,044 )
TOTAL ASSETS LESS CURRENT LIABILITIES 287,956
Creditors: Amounts Falling Due After More Than One Year 7 (335,858 )
NET LIABILITIES (47,902 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (48,002 )
SHAREHOLDERS' FUNDS (47,902)
Page 1
Page 2
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ronalds Birznieks
Director
3 February 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tdk Trade Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14873309 . The registered office is 809 Salisbury House 29 Finsbury Circus, London, EC2M 7AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 16 May 2023 316,010
Additions 12,780
Revaluation (28,790 )
As at 31 May 2024 300,000
Net Book Value
As at 31 May 2024 300,000
As at 16 May 2023 316,010
The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe that their valuation would not be materially different from the professional valuation.
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5. Debtors
31 May 2024
£
Due within one year
Prepayments and accrued income 1,999
6. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Accruals and deferred income 5,250
Director's loan account 10,431
15,681
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024
£
Bank loans 196,058
Amounts owed to related parties 139,800
335,858
8. Secured Creditors
Of the creditors the following amounts are secured.
31 May 2024
£
Bank loans and overdrafts 196,058
9. Share Capital
31 May 2024
Allotted, called up and fully paid £
100 Ordinary shares of £ 1.00 each 100
10. Related Party Transactions
Included in creditors due after more than one year is an amount of £139,800 owed to the companies in which the director has beneficial interest. Interest has been charged at 4.5% per annum on these balance.
Included in creditors due within one year is an amount of £10,431 owed to its director. The amount is interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Ronalds Birznieks by virtue of the ownership of 100% of the issued share capital in the company.
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