Takkas Property Investments Limited 15485788 false 2024-02-13 2025-02-28 2025-02-28 The principal activity of the company is Property investment. The company was incorporated on the 13th of February 2024 and commenced trading on the same date. Digita Accounts Production Advanced 6.30.9574.0 true true 15485788 2024-02-13 2025-02-28 15485788 2025-02-28 15485788 bus:OrdinaryShareClass1 2025-02-28 15485788 bus:OrdinaryShareClass2 2025-02-28 15485788 bus:OrdinaryShareClass3 2025-02-28 15485788 bus:OrdinaryShareClass4 2025-02-28 15485788 bus:OrdinaryShareClass5 2025-02-28 15485788 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 15485788 bus:SmallEntities 2024-02-13 2025-02-28 15485788 bus:AuditExemptWithAccountantsReport 2024-02-13 2025-02-28 15485788 bus:FilletedAccounts 2024-02-13 2025-02-28 15485788 bus:SmallCompaniesRegimeForAccounts 2024-02-13 2025-02-28 15485788 bus:RegisteredOffice 2024-02-13 2025-02-28 15485788 bus:Director1 2024-02-13 2025-02-28 15485788 bus:Director2 2024-02-13 2025-02-28 15485788 bus:OrdinaryShareClass1 2024-02-13 2025-02-28 15485788 bus:OrdinaryShareClass2 2024-02-13 2025-02-28 15485788 bus:OrdinaryShareClass3 2024-02-13 2025-02-28 15485788 bus:OrdinaryShareClass4 2024-02-13 2025-02-28 15485788 bus:OrdinaryShareClass5 2024-02-13 2025-02-28 15485788 bus:PrivateLimitedCompanyLtd 2024-02-13 2025-02-28 15485788 bus:Agent1 2024-02-13 2025-02-28 15485788 core:OtherRelatedParties 2024-02-13 2025-02-28 15485788 countries:AllCountries 2024-02-13 2025-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15485788

Takkas Property Investments Limited
Unaudited Filleted Financial Statements
for the Period from 13 February 2024 to 28 February 2025

Takkas Property Investments Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Takkas Property Investments Limited

Company Information

Directors | A Takkas S Takkas

Registered office | 25 Worcester Crescent Woodford Green Essex IG8 0LX

Accountants | Thomas Alexander & Co Ltd 590 Green Lanes Palmers Green London N13 5RY

Takkas Property Investments Limited

(Registration number: 15485788)
Balance Sheet as at 28 February 2025

| Note | 2025 £
Fixed assets |  |
Investment property | 4 | 651,336
Current assets |  |
Cash at bank and in hand |  | 79
Creditors: Amounts falling due within one year | 5 | (652,790)
Net current liabilities |  | (652,711)
Net liabilities |  | (1,375)
Capital and reserves |  |
Called up share capital | 6 | 100
Retained earnings |  | (1,475)
Shareholders' deficit |  | (1,375)

For the financial period ending 28 February 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 November 2025 and signed on its behalf by:

......................................... A Takkas Director

Takkas Property Investments Limited

Notes to the Unaudited Financial Statements for the Period from 13 February 2024 to 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
25 Worcester Crescent
Woodford Green
Essex
IG8 0LX

These financial statements were authorised for issue by the Board on 6 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continuing support of the company creditors.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Takkas Property Investments Limited

Notes to the Unaudited Financial Statements for the Period from 13 February 2024 to 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4 | Investment properties

| 2025 £
Additions | 651,336
At 28 February | 651,336

The investment property is valued based on an assessment of the property and the market by the company directors. The directors are of the opinion that the current market value is the same as the original purchase price, and therefore no revaluation is necessary.

There has been no valuation of investment property by an independent valuer.

Takkas Property Investments Limited

Notes to the Unaudited Financial Statements for the Period from 13 February 2024 to 28 February 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Accruals and deferred income | 1,440
Directors loan account | 191,350
Other creditors | 460,000
| 652,790

6 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary A Shares of £1 each | 2 | 2
Ordinary B Shares of £1 each | 2 | 2
Ordinary C Shares of £1 each | 32 | 32
Ordinary D Shares of £1 each | 32 | 32
Ordinary E Shares of £1 each | 32 | 32
| 100 | 100

7 | Related party transactions

Summary of transactions with other related parties

Included in other creditors is an amount of £460,000 owed to Health & Safety Risk Services Ltd.