REGISTERED NUMBER: 09212772 (England and Wales)

Turimex Properties Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr I Dinc

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

09212772 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Turimex Properties Ltd for the year ended 31 March 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Turimex Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Turimex Properties Ltd and state those matters that we have agreed to state to the director of Turimex Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turimex Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Turimex Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Turimex Properties Ltd. You consider that Turimex Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Turimex Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

5 December 2025

FIXED ASSETS

Investments

4

100

100

CURRENT ASSETS

Debtors

5

3,073,303

2,975,990

Cash at bank and in hand

4,873

4,822

3,078,176

2,980,812

CREDITORS

Amounts falling due within one year

6

2,640,053

2,550,594

NET CURRENT ASSETS

438,123

430,218

TOTAL ASSETS LESS CURRENT LIABILITIES

438,223

430,318

CREDITORS

Amounts falling due after more than one year

7

33,820

35,095

NET ASSETS

404,403

395,223

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

404,402

395,222

SHAREHOLDERS' FUNDS

404,403

395,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 December 2025 and were signed by:

Mr I Dinc - Director

1.	STATUTORY INFORMATION

Turimex Properties 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.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2023

and 31 March 2024

100

NET BOOK VALUE

At 31 March 2024

100

At 31 March 2023

100

Shares in group undertakings represent the cost of investing in the 100% holding of Turimex Investments Ltd- an unquoted company registered in England.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

2,458,349

2,375,217

Other debtors

614,954

600,773

3,073,303

2,975,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,781

12,041

Trade creditors

17,164

13,934

Taxation and social security

35,819

31,139

Other creditors

2,576,289

2,493,480

2,640,053

2,550,594

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

33,820

35,095

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

33,820

35,095

8.	SECURED DEBTS

Unsecured Debts:

Bounce back loan

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2023

395,222

Profit for the year

9,180

At 31 March 2024

404,402

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024

2023

£

£

Mr I Dinc

Balance outstanding at start of year

92,263

(23,212

)

Amounts advanced

-

131,354

Amounts repaid

(2,125

)

(15,879

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

90,138

92,263

12.	RELATED PARTY DISCLOSURES

Transactions with related parties:

Loans due to the company from members of key management personnel at the balance sheet date are £90,138 (2023: £ 92,263)- an interest-free loan payable on demand.

Loans due from entities under common and joint control undertakings as of the balance sheet date: £2,949,814 (2023: £2,850,062). Loans bear interest at market rate and have no fixed repayment terms.

Loans due to entities under common and joint control undertakings as of the balance sheet date: £2,574,539 (2023: £2,490,730). Loans bear interest at the market rate and have no fixed repayment terms.