Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Buying and selling of own real estatetruefalsefalse2023-07-011false 12995846 2023-07-01 2024-06-30 12995846 2022-07-01 2023-06-30 12995846 2024-06-30 12995846 2023-06-30 12995846 c:Director1 2023-07-01 2024-06-30 12995846 d:FreeholdInvestmentProperty 2024-06-30 12995846 d:FreeholdInvestmentProperty 2023-06-30 12995846 d:CurrentFinancialInstruments 2024-06-30 12995846 d:CurrentFinancialInstruments 2023-06-30 12995846 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12995846 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12995846 d:ShareCapital 2024-06-30 12995846 d:ShareCapital 2023-06-30 12995846 d:RetainedEarningsAccumulatedLosses 2024-06-30 12995846 d:RetainedEarningsAccumulatedLosses 2023-06-30 12995846 c:FRS102 2023-07-01 2024-06-30 12995846 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12995846 c:FullAccounts 2023-07-01 2024-06-30 12995846 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12995846 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 12995846









TIK TOK PROPERTY DEVELOPMENTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
TIK TOK PROPERTY DEVELOPMENTS LTD
REGISTERED NUMBER: 12995846

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
(270)
(270)

  
(270)
(270)

Current assets
  

Cash at bank and in hand
  
124
143

  
124
143

Creditors: amounts falling due within one year
  
(4,550)
(3,850)

Net current liabilities
  
 
 
(4,426)
 
 
(3,707)

Total assets less current liabilities
  
(4,696)
(3,977)

  

Net liabilities
  
(4,696)
(3,977)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(4,796)
(4,077)

  
(4,696)
(3,977)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.




Razak Hussain
Page 1

 
TIK TOK PROPERTY DEVELOPMENTS LTD
REGISTERED NUMBER: 12995846
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TIK TOK PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Tik Tok Property Developments Ltd is a company limited by shares incorporated in England within the United Kingdom, having a registration of 12995846. The address of the registered office is 13 Riverside Studios Amethyst Road, Newcastle Business Park, Newcastle Upon Tyne, England, NE4 7YL. The principal activity of the company in the year was that of buying and selling of own real estate. 
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 3

 
TIK TOK PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
TIK TOK PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employees
1
-


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
(270)



At 30 June 2024
(270)

The 2024 valuations were made by director, on an open market value for existing use basis.



At 30 June 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
124
143

124
143


Page 5

 
TIK TOK PROPERTY DEVELOPMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
100
-

Accruals and deferred income
4,450
3,850

4,550
3,850



7.


Controlling party

During the year, the company was under the control of Razak Hussain, who is the sole director and shareholder of the company.

 
Page 6