ACCOUNTS - Final Accounts preparation

Registered number: 08374379

TURNKEY CONSULTING MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

TURNKEY CONSULTING MANAGEMENT LIMITED

REGISTERED NUMBER: 08374379

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		-		167
Investments	5		3,505,806		3,500,320
			3,505,806		3,500,487
Current assets
Debtors: amounts falling due within one year	6	3,294		40,610
Cash at bank and in hand	7	56,267		199,141
		59,561		239,751
Creditors: amounts falling due within one year	8	(2,500)		(37,229)
Net current assets			57,061		202,522
Total assets less current liabilities			3,562,867		3,703,009
Provisions for liabilities
Deferred tax		-		(142)
			-		(142)
Net assets			3,562,867		3,702,867

Capital and reserves
Called up share capital		1	1
Other reserves	10	3,162,686	3,162,686
Profit and loss account	10	400,180	540,180
		3,562,867	3,702,867

The director considers 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 director acknowledges his 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.

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TURNKEY CONSULTING MANAGEMENT LIMITED

REGISTERED NUMBER: 08374379

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The Company has opted not to file the statement of comprehensive income 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 on 24 September 2025.

R. J. Hunt

Director

The notes on pages 3 to 8 form part of these financial statements.

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TURNKEY CONSULTING MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Turnkey Consulting Management Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 58 Ayres Street, London, SE1 1EU..

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Consolidation

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of Companies Act 2006 not to prepare group accounts.

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.3

Revenue

Revenue represents management charges receivable (excluding value added tax) from fixed asset investments companies.

2.4

Interest income

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

2.5

Valuation of investments

Investments in subsidiaries are measured at fair value or cost if the fair value cannot be determined.

Investments in subsidiaries are measured at cost less accumulated impairment.

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TURNKEY CONSULTING MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

2 years 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

Debtors

Short-term debtors are measured at transaction price.

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TURNKEY CONSULTING MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

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.

2.10

Creditors

Short-term creditors are measured at the transaction price.

2.11

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 reporting 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 reporting 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 except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.12

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each re-porting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income..
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an inten-tion to settle on a net basis or to realise the asset and settle the liability simultaneously.

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TURNKEY CONSULTING MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.13

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.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2024	800
	At 31 December 2024	800
	Depreciation
	At 1 January 2024	633
	Charge for the year on owned assets	167
	At 31 December 2024	800
	Net book value
	At 31 December 2024	-
	At 31 December 2023	167

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TURNKEY CONSULTING MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Fixed asset investments

		Shares in participating interests
		£
	Cost or valuation
	At 1 January 2024	3,500,320
	Additions	5,486
	At 31 December 2024	3,505,806

Debtors

					2024	2023
					£	£


Amounts owed by associated undertakings	1,610	1,574
Other debtors	-	39,036
VAT repayable	26	-
Corporation tax repayable	1,658	-
	3,294	40,610

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank	56,267	199,141
	56,267	199,141

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TURNKEY CONSULTING MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	1,710
Corporation tax	-	16,346
Other taxation and social security	-	13,173
Accruals	2,500	6,000
	2,500	37,229

9.	Deferred taxation

		2024
		£

	At beginning of year	(142)
	Utilised in year	142
	At end of year	-

The deferred taxation balance is made up as follows:
	2024	2023
	£	£

	Accelerated capital allowances	-	(142)
		-	(142)

10.

Reserves

Other reserves

Other reserves represents the gain arising from the share-for-share exchange and is a non-distributable profit.

11.	Controlling party

The controlling party is R. J. Hunt.

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