2023-07-01 09074599 2024-06-30 09074599 2023-07-01 2024-06-30 09074599 2023-06-30 09074599 2022-07-01 2023-06-30 09074599 uk-core:WithinOneYear 2023-06-30 09074599 uk-core:WithinOneYear 2024-06-30 09074599 uk-core:AfterOneYear 2023-06-30 09074599 uk-core:AfterOneYear 2024-06-30 09074599 uk-core:ShareCapital 2024-06-30 09074599 uk-core:ShareCapital 2023-06-30 09074599 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 09074599 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 09074599 uk-bus:Director1 2023-07-01 2024-06-30 09074599 uk-core:MotorCars 2023-07-01 2024-06-30 09074599 uk-core:ToolsEquipment 2023-07-01 2024-06-30 09074599 uk-core:ToolsEquipment 2023-06-30 09074599 uk-core:MotorCars 2023-06-30 09074599 uk-core:Buildings 2023-06-30 09074599 uk-core:Buildings 2023-07-01 2024-06-30 09074599 uk-core:Buildings 2024-06-30 09074599 uk-core:MotorCars 2024-06-30 09074599 uk-core:ToolsEquipment 2024-06-30 09074599 uk-core:WithinOneYear uk-core:Secured 2024-06-30 09074599 uk-core:WithinOneYear uk-core:Secured 2023-06-30 09074599 uk-core:AfterOneYear 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure 09074599 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 09074599 uk-bus:FRS102 2023-07-01 2024-06-30 09074599 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 09074599 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Draft
Tekle Properties Ltd
Registered Number:09074599
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 30 June 2024
Tekle Properties Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
Registered Number :
09074599
As at 30 June 2024
Tekle Properties Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
12,112,728
11,916,190
2
12,112,728
11,916,190
Current assets
27,316
Cash and cash equivalents
409,892
409,892
27,316
Trade and other payables: amounts falling due within one year
(7,989,738)
(7,947,054)
3
(7,962,422)
(7,537,162)
Net current liabilities
Total assets less current liabilities
4,575,566
3,953,768
Trade and other payables: amounts falling due after more than one
year
(3,651,680)
(3,813,618)
4
761,948
Net assets
302,088
Capital and reserves
Called up share capital
100
100
Retained earnings
761,848
301,988
761,948
302,088
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Sanchay Tekle Director
These financial statements were approved and authorised for issue by the Board on 21 March 2025 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 30 June 2024
Tekle Properties Ltd
Notes to the Financial Statements
Statutory Information
Tekle Properties Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09074599.
Registered address:
45 Boundaries Road
Balham
London
SW12 8EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
10% Straight line
Motor vehicles
10% Straight line
Fixtures and fittings
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or valuation
At 01 July 2023
11,955,922
203,083
-
11,752,839
271,058
-
271,058
-
Additions
At 30 June 2024
11,752,839
271,058
203,083
12,226,980
Provision for depreciation and impairment
At 01 July 2023
39,732
39,732
-
-
Charge for year
74,520
47,414
27,106
-
At 30 June 2024
114,252
87,146
27,106
-
At 30 June 2024
Net book value
11,752,839
243,952
115,937
12,112,728
At 30 June 2023
11,752,839
-
163,351
11,916,190
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5
Draft
For the year ended 30 June 2024
Tekle Properties Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
209,169
213,839
Trade creditors
115,451
90,213
Taxation and social security
140,879
-
Directors' loan accounts
2,282,277
2,557,083
Other creditors
5,199,278
5,128,603
7,947,054
7,989,738
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
3,580,536
3,651,680
Trade creditors
233,082
-
3,813,618
3,651,680
The bank loans and overdrafts are secured against the assets of the company. The company has the following three loans with Cynergy Bank:1.Loan of £1,040,000:Taken out on 14 November 2022.Repayable over 60 months.The interest rate on the loan is fixed at 4.9%.2.Loan of £2,325,000:Taken out on 4 March 2023.Repayable over 60 months.The interest rate on the loan is fixed at 5.55%.3.Loan of £520,000:Taken out on 9 March 2023.Repayable over 60 months.·he interest rate on the loan is fixed at 5.55%.
5. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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