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REGISTERED NUMBER: 05213988 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

TK (LETTINGS) LIMITED

TK (LETTINGS) LIMITED (REGISTERED NUMBER: 05213988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TK (LETTINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: J Karpel
D Epstein





REGISTERED OFFICE: 9 Heath Street
Hampstead
NW3 6TP





REGISTERED NUMBER: 05213988 (England and Wales)





ACCOUNTANTS: Factotum Group LLP
85 Great Portland Street
London
W1W 7LT

TK (LETTINGS) LIMITED (REGISTERED NUMBER: 05213988)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,861 11,149

CURRENT ASSETS
Debtors 5 1,006,990 1,335,322
Cash at bank 1,407,892 1,320,231
2,414,882 2,655,553
CREDITORS
Amounts falling due within one year 6 1,700,578 1,574,106
NET CURRENT ASSETS 714,304 1,081,447
TOTAL ASSETS LESS CURRENT LIABILITIES 721,165 1,092,596

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 721,164 1,092,595
SHAREHOLDERS' FUNDS 721,165 1,092,596

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th July 2025 and were signed on its behalf by:




D Epstein - Director



J Karpel - Director


TK (LETTINGS) LIMITED (REGISTERED NUMBER: 05213988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024


1. Statutory information

TK (Lettings) 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.

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.

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:

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis :

Long-term leasehold property- 17% (Over 6 years)
Fixtures and fittings- 25%
Office equipment- 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds


TK (LETTINGS) LIMITED (REGISTERED NUMBER: 05213988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

4. Tangible fixed assets
Long Fixtures
leasehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1st November 2023
and 31st October 2024 10,144 67,025 7,048 84,217
Depreciation
At 1st November 2023 10,144 56,161 6,763 73,068
Charge for year - 4,193 95 4,288
At 31st October 2024 10,144 60,354 6,858 77,356
Net book value
At 31st October 2024 - 6,671 190 6,861
At 31st October 2023 - 10,864 285 11,149

TK (LETTINGS) LIMITED (REGISTERED NUMBER: 05213988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 24,140 71,660
Amounts owed by group undertakings 329,500 614,099
Other debtors 653,350 649,563
1,006,990 1,335,322

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 2,777 2,070
Amounts owed to group undertakings 53,397 -
Taxation and social security 94,812 92,459
Other creditors 1,549,592 1,479,577
1,700,578 1,574,106

7. Related party transactions

The company is taking advantage of the provision within section 33 of FRS102 which permits the company to not disclose transactions with members of a wholly owned group.The balance with group members at year-end can be seen in the Debtors note.

8. Ultimate controlling party

The company is jointly controlled by its directors J Karpel and D Epstein.