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Tonark Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08546684
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 1,870,000 1,870,000
1,870,000 1,870,000
CURRENT ASSETS
Debtors 6 6,786 9,009
Cash at bank and in hand 12,632 6,134
19,418 15,143
Creditors: Amounts Falling Due Within One Year 7 (38,160 ) (16,466 )
NET CURRENT ASSETS (LIABILITIES) (18,742 ) (1,323 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,851,258 1,868,677
Creditors: Amounts Falling Due After More Than One Year 8 (1,330,000 ) (1,400,000 )
NET ASSETS 521,258 468,677
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 222,428 222,428
Profit and Loss Account 298,730 246,149
SHAREHOLDERS' FUNDS 521,258 468,677
Page 1
Page 2
For the 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.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B Hogan
Director
09/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tonark Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08546684 . The registered office is 10a (Basement), Christina Street, London, EC2A 4PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rent received.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Furnishings, Fixtures & Fittings 24 Months Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 18,276
As at 31 March 2025 18,276
Depreciation
As at 1 April 2024 18,276
As at 31 March 2025 18,276
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 1,870,000
£1,870,000 fair value is represented by £164,428 Valuation in 2022, £58,000 Valuation in 2023, £1,647,572 Cost. 
Investment properties were valued on an open market basis on 31 March 2025 by the Directors'.
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,880 2,880
Other debtors 3,906 6,129
6,786 9,009
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 23,716 6,385
Taxation and social security 14,444 10,081
38,160 16,466
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 1,330,000 1,400,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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