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Company No: 12095908 (England and Wales)

# NTK DEVELOPMENTS LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

NTK DEVELOPMENTS LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

NTK DEVELOPMENTS LTD

## BALANCE SHEET

As at 31 March 2025
NTK DEVELOPMENTS LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 0 |  | 218
Investments | 4 | 4 |  | 4
|  | 4 |  | 222
Current assets |  |  |  |
Debtors | 5 | 3,645,446 |  | 3,775,818
Cash at bank and in hand |  | 8,943 |  | 5,184
|  | 3,654,389 |  | 3,781,002
Creditors: amounts falling due within one year | 6 | ( 343,391) |  | ( 292,713)
Net current assets |  | 3,310,998 |  | 3,488,289
Total assets less current liabilities |  | 3,311,002 |  | 3,488,511
Creditors: amounts falling due after more than one year | 7 | ( 2,853,212) |  | ( 2,714,342)
Net assets |  | 457,790 |  | 774,169
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,000 |  | 1,000
Profit and loss account |  | 456,790 |  | 773,169
Total shareholders' funds |  | 457,790 |  | 774,169

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of NTK Developments Ltd (registered number: 12095908) were approved and authorised for issue by the Board of Directors on 17 October 2025. They were signed on its behalf by:

Mr M H Colwill Director |

NTK DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
NTK DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

NTK Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Herniss Business Park, Halvasso, Penryn, TR10 9BZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 0

#### 3. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 490 |  | 490
At 31 March 2025 | 490 |  | 490
Accumulated depreciation |  |  |
At 01 April 2024 | 272 |  | 272
Charge for the financial year | 218 |  | 218
At 31 March 2025 | 490 |  | 490
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 218 |  | 218

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 April 2024 | 4
At 31 March 2025 | 4
Carrying value at 31 March 2025 | 4
Carrying value at 31 March 2024 | 4

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 58,320 |  | 48,720
Other debtors | 3,587,126 |  | 3,727,098
| 3,645,446 |  | 3,775,818

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Amounts owed to directors | 341,041 |  | 162,713
Accruals | 1,950 |  | 27,300
Other taxation and social security | 400 |  | 200
Other creditors | 0 |  | 102,500
| 343,391 |  | 292,713

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other loans | 2,853,208 |  | 2,714,338
Other creditors | 4 |  | 4
| 2,853,212 |  | 2,714,342

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 Ordinary shares of £ 1.00 each | 1,000 |  | 1,000