MIKROLINK TELECOMMUNICATION UK LTD


Directors	Yuksel Acik
	Dogan Eraslan
	Damla Sen


Registered Address	3 Blake House Admirals Way
	Canary Wharf
	London
	E14 9UJ


Registered Number	10218937 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		156,065		187,737
Investment property	4		683,337		-
			839,402		187,737
Current assets
Stocks	5	-		28,500
Debtors	6	1,287,668		5,919,150
Cash at bank and on hand		90,686		50,316
		1,378,354		5,997,966
Creditors amounts falling due within one year	7	(121,528)		(4,205,505)
Net current assets (liabilities)			1,256,826		1,792,461
Total assets less current liabilities			2,096,228		1,980,198
Creditors amounts falling due after one year	8		(1,255,615)		-
Provisions for liabilities	9		(4,345)		(3,622)
Net assets			836,268		1,976,576
Capital and reserves
Called up share capital			3,153,000		3,153,000
Profit and loss account			(2,316,732)		(1,176,424)
Shareholders' funds			836,268		1,976,576

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2025, and are signed on its behalf by:

Dogan Eraslan
Director

Yuksel Acik
Director

Registered Company No. 10218937

MIKROLINK TELECOMMUNICATION UK LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	27		26

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 24	4,105	80,079	65,105	89,872	14,399	253,560
Additions	-	-	-	-	458	458
At 31 December 24	4,105	80,079	65,105	89,872	14,857	254,018
Depreciation and impairment
At 01 January 24	-	30,250	5,722	26,358	3,493	65,823
Charge for year	-	8,969	10,689	10,762	1,710	32,130
At 31 December 24	-	39,219	16,411	37,120	5,203	97,953
Net book value
At 31 December 24	4,105	40,860	48,694	52,752	9,654	156,065
At 31 December 23	4,105	49,829	59,383	63,514	10,906	187,737

4.	Investment property
	Investment property comprises the freehold building addressed Apartment 4108 Arena Tower, 25 Crossharbour Plaza, London, E14 9YF. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31st December 2024 by an independent valuation agency, who are not connected with the company.


		£
	Additions	683,337
	At 31 December 24	683,337

5.	Stocks

	2024	2023
	£	£
Other stocks	-	28,500
Total	-	28,500

6.	Debtors: amounts due after one year

	2024	2023
	£	£
Amounts owed by associates and joint ventures / participating interests	-	732,721
Total	-	732,721

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	910	4,123,365
Bank borrowings and overdrafts	60	-
Taxation and social security	48,300	82,140
Other creditors	72,258	-
Total	121,528	4,205,505


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	453,125	-
Amounts owed to related parties	802,490	-
Total	1,255,615	-

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	4,345	3,622
Total	4,345	3,622