TKDCS_Ltd_30_Apr_2025_companies_house_set_of

TKDCS Limited

Statement of Financial Position

30 April 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	1,410,843		1,392,129
Current assets
Debtors	6	6,264		1,111
Cash at bank and in hand		110,951		132,514
		117,215		133,625
Creditors: amounts falling due within one year	7	(832,093	)	(885,187	)
Net current liabilities		(714,878	)	(751,562	)
Total assets less current liabilities		695,965		640,567
Provisions for liabilities		(60,015	)	(55,336	)
Net assets		635,950		585,231
Capital and reserves
Called up share capital		1,000		1,000
Revaluation reserve		379,274		359,274
Profit and loss account		255,676		224,957
Shareholders funds		635,950		585,231

For the year ending

30 April 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 year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

2 December 2025

, and are signed on behalf of the board by:

D Tsatsaris

Director

Company registration number:

08030548

TKDCS Limited

Notes to the Financial Statements

Year ended

30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

C/O Thandi Nicholls Ltd Creative Industries Centre

Glaisher Drive

Wolverhampton

West Midlands

WV10 9TG

, England.

The principal activity of the company in the year under review was other letting and operating of own or leased real estate.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment	25% straight line
Fixtures and fittings	25% straight line

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

5 Tangible assets

	Land and buildings	Plant and machinery etc.		Total
	£	£		£
Cost or valuation
At 1 May 2024	1,390,000	5,527		1,395,527
Disposals	-	(299	)	(299	)
Revaluations	20,000	-		20,000
At 30 April 2025	1,410,000	5,228		1,415,228
Depreciation
At 1 May 2024	-	3,398		3,398
Charge	-	1,286		1,286
Disposals	-	(299	)	(299	)
At 30 April 2025	-	4,385		4,385
Carrying amount
At 30 April 2025	1,410,000	843		1,410,843
At 30 April 2024	1,390,000	2,129		1,392,129

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Land and buildings	Land and buildings
	2025	2024
	£	£
Aggregate historical cost	1,030,726	1,030,726
Carrying amount	1,030,726	1,030,726

The valuations in the current year have been taken from the third party valuation provided by George Proctor & Partners.

Investment property

Included in land and buildings are the following amounts in relation to investment properties:

	2025
	£
Carrying amount at 1 May 2024	1,390,000.00
Fair value adjustments	20,000
Carrying amount at 30 April 2025	1,410,000

6 Debtors

	2025	2024
	£	£
Trade debtors	20	-
Other debtors	6,244	1,111
	6,264	1,111

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Other debtors	6,244	1,111
Trade debtors	20	-
	6,264	1,111

The other debtors are the prepayments included in the accounts.

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	8,744	4,989
Other creditors	823,349	880,198
	832,093	885,187

8 Directors' advances, credit and guarantees

The following aggregate advances and credits have been made to the directors

Balance b/fwd: £876,428

Plus advances in the year: £2,400

Plus private transactions: £5,512

Less amounts repaid: £64,788

Balance c/fwd: £819,552

9 Controlling party

The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.