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REGISTERED NUMBER: 13863356 (England and Wales)


Turimex Investments Limited

Abridged Unaudited Financial Statements

for the period

1 February 2023 to 31 March 2024






Turimex Investments Limited (Registered number: 13863356)






Contents of the Financial Statements
for the period 1 February 2023 to 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Turimex Investments Limited

Company Information
for the period 1 February 2023 to 31 March 2024







DIRECTOR: Mr I Dinc





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 13863356 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Turimex Investments Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Turimex Investments Limited for the period ended 31 March 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Turimex Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Turimex Investments Limited and state those matters that we have agreed to state to the director of Turimex Investments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turimex Investments Limited and its director for our work or for this report.

It is your duty to ensure that Turimex Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Turimex Investments Limited. You consider that Turimex Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Turimex Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


20 March 2025

Turimex Investments Limited (Registered number: 13863356)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 7,032,009 7,032,009

CURRENT ASSETS
Debtors 5 107,372 3,594
Cash at bank and in hand 6,830 28,096
114,202 31,690
CREDITORS
Amounts falling due within one year 6 2,510,292 2,428,341
NET CURRENT LIABILITIES (2,396,090 ) (2,396,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,635,919

4,635,358

CREDITORS
Amounts falling due after more than one
year

7

4,700,000

4,700,000
NET LIABILITIES (64,081 ) (64,642 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (64,181 ) (64,742 )
SHAREHOLDERS' FUNDS (64,081 ) (64,642 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

Turimex Investments Limited (Registered number: 13863356)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 March 2025 and were signed by:





Mr I Dinc - Director


Turimex Investments Limited (Registered number: 13863356)

Notes to the Financial Statements
for the period 1 February 2023 to 31 March 2024

1. STATUTORY INFORMATION

Turimex Investments Limited 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

No depreciation is charged on investment property and on the improvement cost under FRS102 standard.

Going concern
The company is dependent on continuing finance being made available by its directors to enable it to continue operating and to meet its liabilities as they fall due. The directors of the company has agreed to provide sufficient funds to the company for these purposes. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 March 2024 7,032,009
NET BOOK VALUE
At 31 March 2024 7,032,009
At 31 January 2023 7,032,009

Turimex Investments Limited (Registered number: 13863356)

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,839 642
Other debtors 101,533 2,952
107,372 3,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 756 445
Amounts owed to group undertakings 2,458,349 2,375,216
Taxation and social security 32,076 2,926
Other creditors 19,111 49,754
2,510,292 2,428,341

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 4,700,000 4,700,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,700,000 4,700,000

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,700,000 4,700,000

Turimex Investments Limited (Registered number: 13863356)

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 4,700,000 4,700,000

Loans secured over the company's assets to Punjab National Bank (International) Limited.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 February 2023 (64,742 )
Profit for the period 561
At 31 March 2024 (64,181 )

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 31 March 2024 and 31 January 2023:

2024 2023
£    £   
Mr I Dinc
Balance outstanding at start of period (32,350 ) -
Amounts advanced 120,851 5,700
Amounts repaid (28,702 ) (38,050 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 59,799 (32,350 )

Turimex Investments Limited (Registered number: 13863356)

Notes to the Financial Statements - continued
for the period 1 February 2023 to 31 March 2024

13. RELATED PARTY DISCLOSURES

Transactions with members of key management personnel:

1. Loans due from the member of key management personnel to company at balance sheet date £59,799 (2023:Due to related party £32,350). Interest free loan repayable on demand

Transactions with entities under common and joint control:

1. The amounts due from the elated party at the balance sheet date are £9,833( 2023: £1,651). Loans bear interest at market rate and have no fixed repayments terms.

2. The amounts due to the related party on the balance sheet date are £2,482,753(2023:£2,380,120). Loans bear interest at market rate and have no fixed repayments terms.