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Company No: 14621279 (England and Wales)

T2K HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

T2K HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

T2K HOLDINGS LTD

BALANCE SHEET

As at 31 December 2024
T2K HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Investments 3 1,500,090 1,500,090
1,500,090 1,500,090
Creditors: amounts falling due within one year 4 ( 678,740) ( 678,739)
Net current liabilities (678,740) (678,739)
Total assets less current liabilities 821,350 821,351
Creditors: amounts falling due after more than one year 5 ( 450,000) ( 630,000)
Net assets 371,350 191,351
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 371,250 191,251
Total shareholders' funds 371,350 191,351

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of T2K Holdings Ltd (registered number: 14621279) were approved and authorised for issue by the Board of Directors on 07 March 2025. They were signed on its behalf by:

L P Clarke
Director
T2K HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
T2K HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

T2K Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
31.12.2024
Period from
27.01.2023 to
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

Investments in subsidiaries

31.12.2024
£
Cost
At 01 January 2024 1,500,090
At 31 December 2024 1,500,090
Carrying value at 31 December 2024 1,500,090
Carrying value at 31 December 2023 1,500,090

4. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Amounts owed to Group undertakings 48,749 48,749
Other creditors 629,991 629,990
678,740 678,739

5. Creditors: amounts falling due after more than one year

31.12.2024 31.12.2023
£ £
Other creditors 450,000 630,000

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100