2023-05-172024-05-312024-05-31false14876742T4THEHOME 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T4THEHOME LTD

Registered Number
14876742
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2024

T4THEHOME LTD
Company Information
for the period from 17 May 2023 to 31 May 2024

Director

LADEGA, Adetoun, Dr

Registered Address

128 City Road
London
EC1V 2NX

Registered Number

14876742 (England and Wales)
T4THEHOME LTD
Balance Sheet as at
31 May 2024

Notes

2024

£

£

Fixed assets
Tangible assets31,503
Investment property4245,467
246,970
Current assets
Debtors51
Cash at bank and on hand132
133
Creditors amounts falling due within one year6(261,824)
Net current assets (liabilities)(261,691)
Total assets less current liabilities(14,721)
Net assets(14,721)
Capital and reserves
Called up share capital1
Profit and loss account(14,722)
Shareholders' funds(14,721)
The financial statements were approved and authorised for issue by the Board of Directors on 15 February 2025, and are signed on its behalf by:
LADEGA, Adetoun, Dr
Director
Registered Company No. 14876742
T4THEHOME LTD
Notes to the Financial Statements
for the period ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions1,5351,535
At 31 May 241,5351,535
Depreciation and impairment
Charge for year3232
At 31 May 243232
Net book value
At 31 May 241,5031,503
At 16 May 23--
4.Investment property

£
Additions245,467
At 31 May 24245,467
5.Debtors: amounts due within one year

2024

£
Other debtors1
Total1
6.Creditors: amounts due within one year

2024

£
Other creditors260,924
Accrued liabilities and deferred income900
Total261,824
7.Guarantees provided on behalf of directors
Director's current account is a credit balance of £260,924 relates to the director, A Ladega.