Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-282true2024-03-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08825883 2024-03-01 2025-02-28 08825883 2023-03-01 2024-02-29 08825883 2025-02-28 08825883 2024-02-29 08825883 2023-03-01 08825883 c:Director1 2024-03-01 2025-02-28 08825883 d:PlantMachinery 2024-03-01 2025-02-28 08825883 d:PlantMachinery 2025-02-28 08825883 d:PlantMachinery 2024-02-29 08825883 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08825883 d:FurnitureFittings 2024-03-01 2025-02-28 08825883 d:FurnitureFittings 2025-02-28 08825883 d:FurnitureFittings 2024-02-29 08825883 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08825883 d:OfficeEquipment 2024-03-01 2025-02-28 08825883 d:OfficeEquipment 2025-02-28 08825883 d:OfficeEquipment 2024-02-29 08825883 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08825883 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 08825883 d:FreeholdInvestmentProperty 2025-02-28 08825883 d:FreeholdInvestmentProperty 2024-02-29 08825883 d:CurrentFinancialInstruments 2025-02-28 08825883 d:CurrentFinancialInstruments 2024-02-29 08825883 d:Non-currentFinancialInstruments 2025-02-28 08825883 d:Non-currentFinancialInstruments 2024-02-29 08825883 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 08825883 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 08825883 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 08825883 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 08825883 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-02-28 08825883 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 08825883 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-02-28 08825883 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 08825883 d:ShareCapital 2025-02-28 08825883 d:ShareCapital 2024-02-29 08825883 d:OtherMiscellaneousReserve 2025-02-28 08825883 d:OtherMiscellaneousReserve 2024-02-29 08825883 d:RetainedEarningsAccumulatedLosses 2025-02-28 08825883 d:RetainedEarningsAccumulatedLosses 2024-02-29 08825883 d:AcceleratedTaxDepreciationDeferredTax 2025-02-28 08825883 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 08825883 d:TaxLossesCarry-forwardsDeferredTax 2025-02-28 08825883 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 08825883 d:OtherDeferredTax 2025-02-28 08825883 d:OtherDeferredTax 2024-02-29 08825883 c:OrdinaryShareClass1 2024-03-01 2025-02-28 08825883 c:OrdinaryShareClass1 2025-02-28 08825883 c:FRS102 2024-03-01 2025-02-28 08825883 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08825883 c:FullAccounts 2024-03-01 2025-02-28 08825883 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08825883 2 2024-03-01 2025-02-28 08825883 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 08825883














TEKTON LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
TEKTON LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 9


 
TEKTON LIMITED
REGISTERED NUMBER:08825883

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
47,024
10,890

Investment property
 5 
2,525,001
2,525,001

  
2,572,025
2,535,891

Current assets
  

Stocks
 6 
643,830
632,192

Debtors: amounts falling due within one year
 7 
4,060
12,804

Cash at bank and in hand
 8 
17,418
10,545

  
665,308
655,541

Creditors: amounts falling due within one year
 9 
(487,110)
(400,662)

Net current assets
  
 
 
178,198
 
 
254,879

Total assets less current liabilities
  
2,750,223
2,790,770

Creditors: amounts falling due after more than one year
 10 
(1,640,117)
(1,647,905)

Provisions for liabilities
  

Deferred tax
 12 
(95,371)
(93,156)

  
 
 
(95,371)
 
 
(93,156)

Net assets
  
1,014,735
1,049,709


Capital and reserves
  

Called up share capital 
 13 
100
100

Non-distributable profit and loss account
  
311,144
311,144

Profit and loss account
  
703,491
738,465

  
1,014,735
1,049,709


1

 
TEKTON LIMITED
REGISTERED NUMBER:08825883
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 by: 




................................................
A W Nichols
Director

Date: 17 July 2025

The notes on pages 3 to 9 form part of these financial statements.

2

 
TEKTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Tekton Limited is a private company, limited by shares, registered in England and Wales, registration number 08825883. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of the provision of consultancy services, property development and residential property letting. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover from provision of consultancy services, property development and rentals 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. Turnover from provision of consultancy services, property development and rentals is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
TEKTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

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, either using the reducing balance or straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by directors 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 account.

4

 
TEKTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.9

 Work in progress

Stocks and Work in progress are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost icludes all direct costs.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

 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.

 
2.12

 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.

 
2.13

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from related parties, banks and other third parties, loans to related parties.

 
2.14

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

5

 
TEKTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

4.


Tangible fixed assets







Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2024
7,457
21,198
2,322
30,977


Additions
45,747
5,234
726
51,707


Disposals
-
(7,140)
-
(7,140)



At 28 February 2025

53,204
19,292
3,048
75,544



Depreciation


At 1 March 2024
4,754
14,070
1,263
20,087


Charge for the year
9,561
5,466
546
15,573


Disposals
-
(7,140)
-
(7,140)



At 28 February 2025

14,315
12,396
1,809
28,520



Net book value



At 28 February 2025
38,889
6,896
1,239
47,024



At 29 February 2024
2,703
7,128
1,059
10,890


5.


Investment property





Freehold investment properties

£



Valuation


At 1 March 2024
2,525,001



At 28 February 2025
2,525,001

The 2025 valuations were made by the directors, on an open market value for existing use basis.



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

28 February
29 February
2025
2024
£
£


Historical cost
2,122,687
2,122,687

6

 
TEKTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Stocks

28 February
29 February
2025
2024
£
£

Work in progress
643,830
632,192



7.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
-
9,600

Other debtors
1,024
409

Prepayments and accrued income
3,036
2,795

4,060
12,804



8.


Cash and cash equivalents

28 February
29 February
2025
2024
£
£

Cash at bank and in hand
17,418
10,545



9.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank loans
12,220
16,599

Corporation tax
-
5,184

Other taxation and social security
-
459

Other creditors
444,420
338,039

Accruals and deferred income
30,470
40,381

487,110
400,662


The bank loans are limited recourse and are secured by a charge over the company's freehold properties.

7

 
TEKTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

10.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
1,640,117
1,647,905


The bank loans are limited recourse and are secured by a charge over the company's freehold properties.
 

11.


Loans


Analysis of the maturity of loans is given below:


28 February
29 February
2025
2024
£
£

Amounts falling due within one year

Bank loans
12,220
16,599


Amounts falling due 2-5 years

Bank loans
48,878
66,397

Amounts falling due after more than 5 years

Bank loans
1,591,239
1,581,508

1,652,337
1,664,504



12.


Deferred taxation






2025
2024


£

£






At beginning of year
93,156
93,035


Charged to profit or loss
(2,215)
(121)



At end of year
95,371
93,156

8

 
TEKTON LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
 
12.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

28 February
29 February
2025
2024
£
£


Accelerated capital allowances
13,066
1,987

Tax losses carried forward
(8,864)
-

Capital gains
91,169
91,169

95,371
93,156


13.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1.00 each
100
100



14.


Related party transactions

Included in other creditors is an amount of £444,417 (2024 - £336,821) owing to the directors. These are interest free loans that are repayable on demand.
During the year, dividends of £28,200 (2024 - £33,200) were paid to the directors.

 
9