REGISTERED NUMBER: 11609570 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TRK ASSETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R R Kapoor

REGISTERED OFFICE:

Birchwood

Lawnswood Drive

Stourbridge

West Midlands

DY7 5QW

REGISTERED NUMBER:

11609570 (England and Wales)

CURRENT ASSETS

Debtors

4

3,758,322

2,862,713

Cash at bank

164,102

12,934

3,922,424

2,875,647

CREDITORS

Amounts falling due within one year

5

3,245,340

2,308,090

NET CURRENT ASSETS

677,084

567,557

TOTAL ASSETS LESS CURRENT LIABILITIES

677,084

567,557

CREDITORS

Amounts falling due after more than one year

6

15,833

25,833

NET ASSETS

661,251

541,724

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

660,251

540,724

SHAREHOLDERS' FUNDS

661,251

541,724

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

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

The director acknowledges his 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 director and authorised for issue on 22 October 2025 and were signed by:

R R Kapoor - Director

1.	STATUTORY INFORMATION

TRK Assets 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Other debtors

3,758,322

2,862,713

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

£

Trade creditors

1,380

1,428

Tax

74,239

34,397

Other creditors

1,105,197

330,000

T.R.K Management Limited

329,001

320,000

Directors' current accounts

1,559,505

1,509,189

Accruals and deferred income

174,650

111,776

Accrued expenses

1,368

1,300

3,245,340

2,308,090

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/24

31/10/23

£

£

Bank loans (see note 7)

15,833

25,833

7.

LOANS

An analysis of the maturity of loans is given below:

31/10/24

31/10/23

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,833

25,833

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/24

31/10/23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 November 2023

540,724

Profit for the year

119,527

At 31 October 2024

660,251