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REGISTERED NUMBER: 03509907 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

TK REST LTD

TK REST LTD (REGISTERED NUMBER: 03509907)

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

TK REST LTD

Company Information

for the Year Ended 28 February 2025

| DIRECTOR: | Mr M J Breen

| REGISTERED OFFICE: | 42 Lytton Road

| Barnet

| Hertfordshire

| EN5 5BY

| REGISTERED NUMBER: | 03509907 (England and Wales)

| ACCOUNTANTS: | Jeff Lermer & Associates

| Chartered Accountants

| 42 Lytton Road

| Barnet

| Hertfordshire

| EN5 5BY

TK REST LTD (REGISTERED NUMBER: 03509907)

Balance Sheet

28 February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 592 |  | - |  |

Investment property | 5 | 1,000,000 |  | 1,000,000 |  |

1,000,592 |  | 1,000,000 |  |

CURRENT ASSETS

Debtors | 6 | 25,983 |  | 21,766 |  |

Cash at bank | 5,433 |  | 6,008 |  |

31,416 |  | 27,774 |  |

CREDITORS

Amounts falling due within one year | 7 | 767,557 |  | 767,121 |  |

NET CURRENT LIABILITIES | (736,141 | ) | (739,347 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 264,451 |  | 260,653 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (15,109 | ) | (18,076 | ) |

PROVISIONS FOR LIABILITIES | 10 | (73,074 | ) | (73,074 | ) |

NET ASSETS | 176,268 |  | 169,503 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 2 |  | 2 |  |

Revaluation reserve | 219,222 |  | 219,222 |  |

Retained earnings | (42,956 | ) | (49,721 | ) |

SHAREHOLDERS' FUNDS | 176,268 |  | 169,503 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

TK REST LTD (REGISTERED NUMBER: 03509907)

Balance Sheet - continued

28 February 2025

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 6 November 2025 and were signed by:

Mr M J Breen - Director

TK REST LTD (REGISTERED NUMBER: 03509907)

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| TK Rest Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on reducing balance

| Computer equipment | - | Straight line over 3 years

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| Going concern

| The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

TK REST LTD (REGISTERED NUMBER: 03509907)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | - |  | 658 |  | 658 |  |

| Additions | 789 |  | - |  | 789 |  |

| At 28 February 2025 | 789 |  | 658 |  | 1,447 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 658 |  | 658 |  |

| Charge for year | 197 |  | - |  | 197 |  |

| At 28 February 2025 | 197 |  | 658 |  | 855 |  |

| NET BOOK VALUE

| At 28 February 2025 | 592 |  | - |  | 592 |  |

| At 29 February 2024 | - |  | - |  | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 March 2024

| and 28 February 2025 | 1,000,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 1,000,000 |  |

| At 29 February 2024 | 1,000,000 |  |

| Fair value at 28 February 2025 is represented by:

£ |

| Valuation in 2022 | 537,295 |  |

| Valuation in 2024 | (245,000 | ) |

| Cost | 707,705 |  |

1,000,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts owed by group undertakings | - |  | 21,766 |  |

| Directors' current accounts | 25,983 |  | - |  |

25,983 |  | 21,766 |  |

TK REST LTD (REGISTERED NUMBER: 03509907)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans and overdrafts (see note 9) | 3,473 |  | 3,473 |  |

| Other loans (see note 9) | 763,124 |  | 762,688 |  |

| Accruals and deferred income | 960 |  | 960 |  |

767,557 |  | 767,121 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Bank loans (see note 9) | 15,109 |  | 18,076 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

| 28.2.25 |  | 29.2.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 3,473 |  | 3,473 |  |

| Other loans | 763,124 |  | 762,688 |  |

766,597 |  | 766,161 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 3,473 |  | 3,473 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 11,636 |  | 14,603 |  |

10. | PROVISIONS FOR LIABILITIES

| 28.2.25 |  | 29.2.24

£ | £ |

| Deferred tax | 73,074 |  | 73,074 |  |

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 73,074 |  |

| Balance at 28 February 2025 | 73,074 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28.2.25 |  | 29.2.24

| value: | £ | £ |

| 2 | Ordinary | £1 | 2 |  | 2 |  |

TK REST LTD (REGISTERED NUMBER: 03509907)

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

| 28.2.25 |  | 29.2.24

£ | £ |

| Mr M J Breen

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 25,983 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 25,983 |  | - |  |

| As at the balance sheet date, included in debtors due within one year is £25,983 (2024: £Nil), due and payable by the director. This amount was repaid within 9 months of the year end.

13. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company was owed an amount of £Nil (2024: £21,766) by Mayfair Castle Limited, a company in which the director, Mr M J Breen, has common control.