2 2 The TPK Partnership Limited 11640975 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Other business support service activities not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true 11640975 2023-11-01 2024-10-31 11640975 2024-10-31 11640975 core:CurrentFinancialInstruments 2024-10-31 11640975 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11640975 core:FurnitureFittingsToolsEquipment 2024-10-31 11640975 bus:SmallEntities 2023-11-01 2024-10-31 11640975 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11640975 bus:FilletedAccounts 2023-11-01 2024-10-31 11640975 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11640975 bus:RegisteredOffice 2023-11-01 2024-10-31 11640975 bus:Director1 2023-11-01 2024-10-31 11640975 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11640975 core:FurnitureFittings 2023-11-01 2024-10-31 11640975 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 11640975 core:OfficeEquipment 2023-11-01 2024-10-31 11640975 countries:UnitedKingdom 2023-11-01 2024-10-31 11640975 2023-10-31 11640975 core:FurnitureFittingsToolsEquipment 2023-10-31 11640975 2022-11-01 2023-10-31 11640975 2023-10-31 11640975 core:CurrentFinancialInstruments 2023-10-31 11640975 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11640975 core:FurnitureFittingsToolsEquipment 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11640975

The TPK Partnership Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

The TPK Partnership Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The TPK Partnership Limited

(Registration number: 11640975)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

41,735

45,213

Current assets

 

Debtors

5

2,790

2,790

Cash at bank and in hand

 

2,000

5,800

 

4,790

8,590

Creditors: Amounts falling due within one year

6

(34,925)

(39,897)

Net current liabilities

 

(30,135)

(31,307)

Net assets

 

11,600

13,906

Capital and reserves

 

Called up share capital

7

2

2

Profit and loss account

11,598

13,904

Shareholders' funds

 

11,600

13,906

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2025 and signed on its behalf by:
 

.........................................
M Keegan
Director

 

The TPK Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the Board on 6 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£), which is also the company's functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

The TPK Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Furniture and fittings

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

The TPK Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

49,798

49,798

Additions

2,260

2,260

At 31 October 2024

52,058

52,058

Depreciation

At 1 November 2023

4,585

4,585

Charge for the year

5,738

5,738

At 31 October 2024

10,323

10,323

Carrying amount

At 31 October 2024

41,735

41,735

At 31 October 2023

45,213

45,213

5

Debtors

Current

2024
£

2023
£

Other debtors

2,790

2,790

 

2,790

2,790

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

145

145

Taxation and social security

257

2,762

Accruals and deferred income

2,300

1,975

Other creditors

32,223

35,015

34,925

39,897

 

The TPK Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Share of £1 each

1

1

1

1

B Share of £1 each

1

1

1

1

2

2

2

2

8

Related party transactions

Included within other creditors is an amount of £32,223 (2023: £35,013) owed to the directors. This amount is interest-free and repayable on demand.