TKO HOMIE NEWCASTLE LIMITED

Company Registration Number:
15706325 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 07 May 2024

End date: 31 December 2024

TKO HOMIE NEWCASTLE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

TKO HOMIE NEWCASTLE LIMITED

Balance sheet

As at 31 December 2024


Notes
8 months to 31 December 2024


£
Fixed assets
Investments: 3 9,229,623
Total fixed assets: 9,229,623
Current assets
Debtors: 4 164,838
Cash at bank and in hand: 231,891
Total current assets: 396,729
Creditors: amounts falling due within one year: 5 (5,798,823)
Net current assets (liabilities): (5,402,094)
Total assets less current liabilities: 3,827,529
Creditors: amounts falling due after more than one year:   (227,419)
Total net assets (liabilities): 3,600,110
Capital and reserves
Called up share capital: 3,165,100
Profit and loss account: 435,010
Shareholders funds: 3,600,110

The notes form part of these financial statements

TKO HOMIE NEWCASTLE LIMITED

Balance sheet statements

For the year ending 31 December 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2025
and signed on behalf of the board by:

Name: Sanjay Sethi
Status: Director

The notes form part of these financial statements

TKO HOMIE NEWCASTLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TKO HOMIE NEWCASTLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

8 months to 31 December 2024
Average number of employees during the period 0

TKO HOMIE NEWCASTLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Fixed investments

Investments consist of a property which is held either to earn rental income of for capital appreciation or both. The investment property is held at fair value based on valuations provided by independent third party valuers and any gains or losses are recognised in the period that they arise. Subsequent expenditure is capitalised when it is probably that future economic benefits will flow to the company.

TKO HOMIE NEWCASTLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

8 months to 31 December 2024
£
Debtors due after more than one year: 0

Debtors include amounts receivable from the managing agent, prepayments and rental deposits.

TKO HOMIE NEWCASTLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Creditors - amounts falling due within one year include accrued expenses (£184,547), deferred rental income (£207,956) and shareholder loan interest payable (£289,923),

TKO HOMIE NEWCASTLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Related party transactions

Name of the related party: Homie Management Limited
Relationship:
Property Manager
Description of the Transaction: During the period, Homie Management Limited provided £108,069 of property management services to the Company. Both Maximilian Bassadone and Sanjay Sethi are directors of the Company and of Homie Management Limited.
£
Balance at 31 December 2024 44,776

TKO HOMIE NEWCASTLE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Post balance sheet events

The directors have evaluated the subsequent events from the date of the financial statements through to the date of the financial statements were available to be issued. There were no subsequent events identified which require adjustment to disclosure in these financial statements.