TEEM LEADING LIMITED

Company Registration Number:
12882162 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

TEEM LEADING LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TEEM LEADING LIMITED

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principal activity of the company during the year continued to be property investment and letting of residential property.



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

PUI YEE PION CHENG
SIU WING MOK


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 May 2025

And signed on behalf of the board by:
Name: PUI YEE PION CHENG
Status: Director

TEEM LEADING LIMITED

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 2,640 5,071
Cost of sales: ( 327 ) ( 1,356 )
Gross profit(or loss): 2,313 3,715
Administrative expenses: ( 32,176 ) ( 26,428 )
Operating profit(or loss): (29,863) (22,713)
Interest receivable and similar income: 6 9
Profit(or loss) before tax: (29,857) (22,704)
Profit(or loss) for the financial year: (29,857) (22,704)

TEEM LEADING LIMITED

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 311,886 313,391
Total fixed assets: 311,886 313,391
Current assets
Debtors: 4 104 439
Cash at bank and in hand: 4,627 5,390
Total current assets: 4,731 5,829
Net current assets (liabilities): 4,731 5,829
Total assets less current liabilities: 316,617 319,220
Creditors: amounts falling due after more than one year: 5 ( 335,009 ) ( 335,765 )
Total net assets (liabilities): (18,392) (16,545)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (18,393 ) (16,546 )
Total Shareholders' funds: ( 18,392 ) (16,545)

The notes form part of these financial statements

TEEM LEADING LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 May 2025
and signed on behalf of the board by:

Name: PUI YEE PION CHENG
Status: Director

The notes form part of these financial statements

TEEM LEADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and any provision for impairment. The company owns three residential properties held to generate rental income. Investment properties are carried at cost and are not depreciated. The directors review the carrying value of the investment properties annually to assess whether there is any indication of impairment. Fixtures, fittings and equipment provided within the rental properties, including furniture, washing machines, cookers, and microwaves are depreciated on a straight-line basis over their estimated useful lives as follows: Furniture and white goods: 5 years (20% per annum) Small appliances: 3–5 years Depreciation is charged from the month the asset is brought into use. The assets useful lives and residual values are reviewed annually and adjusted if appropriate.

TEEM LEADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

TEEM LEADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 308,621 286 6,798 1,192 316,897
Additions 138 138
Disposals
Revaluations
Transfers
At 30 September 2024 308,621 424 6,798 1,192 317,035
Depreciation
At 1 October 2023 119 2,338 1,049 3,506
Charge for year 140 1,360 143 1,643
On disposals
Other adjustments
At 30 September 2024 259 3,698 1,192 5,149
Net book value
At 30 September 2024 308,621 165 3,100 0 311,886
At 30 September 2023 308,621 167 4,460 143 313,391

TEEM LEADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Other debtors 104 439
Total 104 439

TEEM LEADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

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

2024 2023
£ £
Other creditors 335,009 335,765
Total 335,009 335,765