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Registration number: 00720128

Tounack Investments Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Tounack Investments Limited

Company Information

Directors

Mr J R Hartman Mr G A Jones Mrs S E Hartman Mrs M Stanton

Registered office

7 High Holborn High Holborn London WC1V 6DR

Tounack Investments Limited

(Registration number: 00720128)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	6,176	6,255
Other financial assets	6	47,703	47,703
		53,879	53,958
Current assets
Debtors	7	8,226	596
Cash at bank and in hand		10,033	76,570
		18,259	77,166
Creditors: Amounts falling due within one year	8	(5,994)	(26,313)
Net current assets		12,265	50,853
Net assets		66,144	104,811
Capital and reserves
Called up share capital		100	100
Capital redemption reserve		65,561	65,561
Profit and loss account		483	39,150
Total equity		66,144	104,811

For the financial year ending 31 March 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 November 2025 and signed on its behalf by:

.........................................

Mr J R Hartman

Director

Tounack Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
7 High Holborn
High Holborn
London
WC1V 6DR

These financial statements were authorised for issue by the Board on 11 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Tounack Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Fixtures & Fittings	10% Reducing Balance
Office Equipment	20% Reducing Balance

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	80	98

Tounack Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	5,818	1,052	482	7,352
At 31 March 2025	5,818	1,052	482	7,352
Depreciation
At 1 April 2024	-	975	122	1,097
Charge for the year	-	7	72	79
At 31 March 2025	-	982	194	1,176
Carrying amount
At 31 March 2025	5,818	70	288	6,176
At 31 March 2024	5,818	77	360	6,255

Included within the net book value of land and buildings above is £5,818 (2024 - £5,818) in respect of freehold land and buildings.
 

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	47,703	47,703
At 31 March 2025	47,703	47,703
Impairment
Carrying amount
At 31 March 2025	47,703	47,703

7

Debtors

	2025 £	2024 £
Trade debtors	350	596
Other debtors	7,876	-
	8,226	596

Tounack Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		-	498
Directors' loan accounts	10	-	312
Corporation tax liability		-	19,505
Other creditors		5,994	5,998
		5,994	26,313

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Tounack Investments Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10	Related party transactions

Transactions with directors

2025	At 1 April 2024 £	Advances to director £	At 31 March 2025 £
Mr J R Hartman
Interest free loan repayable on demand	(78)	2,047	1,969
Mrs S E Hartman
Interest free loan repayable on demand	(78)	2,047	1,969
Mr G A Jones
Interest free loan repayable on demand	(78)	2,047	1,969
Mrs M Stanton
Interest free loan repayable on demand	(78)	2,047	1,969

2024	At 1 April 2023 £	Repayments by director £	At 31 March 2024 £
Mr J R Hartman
Interest free loan repayable on demand	3,450	(3,528)	(78)
Mrs S E Hartman
Interest free loan repayable on demand	3,450	(3,528)	(78)
Mr G A Jones
Interest free loan repayable on demand	3,450	(3,528)	(78)
Mrs M Stanton
Interest free loan repayable on demand	3,450	(3,528)	(78)