HKT INTERNATIONAL LTD


Directors	TANEJA, Abhishek
	TANEJA, Ishaan


Registered Address	27 Old Gloucester Street
	London
	WC1N 3AX


Registered Number	14287705 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		5,429		-
Investment property	4		845,000		483,770
			850,429		483,770
Current assets
Debtors		2,409		1,895
Cash at bank and on hand		3,084		6,534
		5,493		8,429
Creditors amounts falling due within one year	5	(4,055)		(15,650)
Net current assets (liabilities)			1,438		(7,221)
Total assets less current liabilities			851,867		476,549
Creditors amounts falling due after one year	6		(375,240)		(161,000)
Net assets			476,627		315,549
Capital and reserves
Called up share capital			493,000		335,000
Other reserves			6,152		-
Profit and loss account			(22,525)		(19,451)
Shareholders' funds			476,627		315,549

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 18 November 2025, and are signed on its behalf by:

TANEJA, Ishaan
Director
Registered Company No. 14287705

HKT INTERNATIONAL LTD

Notes to the Financial Statements
for the year ended 31 March 2025

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Borrowing costs
	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Fixtures and fittings	5

	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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
Additions	6,387	6,387
At 31 March 25	6,387	6,387
Depreciation and impairment
Charge for year	958	958
At 31 March 25	958	958
Net book value
At 31 March 25	5,429	5,429
At 31 March 24	-	-

4.	Investment property
	The investment property is carried at the fair value amount of £845,000. The valuation has been determined by the directors based on: Market evidence of recent transactions for similar properties in the same location. Consideration of the property’s condition, location, and potential for future rental income. Assumptions regarding market trends and yields. No external independent valuation was obtained. The directors believe that the fair value reflects the amount for which the property could be exchanged between knowledgeable, willing parties in an arm’s length transaction at the reporting date.

Investment property

The investment property is carried at the fair value amount of £845,000.

The valuation has been determined by the directors based on:

Market evidence of recent transactions for similar properties in the same location.
Consideration of the property’s condition, location, and potential for future rental income.
Assumptions regarding market trends and yields.

No external independent valuation was obtained. The directors believe that the fair value reflects the
amount for which the property could be exchanged between knowledgeable, willing parties in an arm’s length transaction at the reporting date.


		£
	Fair value at 01 April 24	483,770
	Additions	355,078
	Fair value adjustments	6,152
	At 31 March 25	845,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,645	-
Accrued liabilities and deferred income	1,410	15,650
Total	4,055	15,650

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	375,240	161,000
Total	375,240	161,000


	The borrowings are loans secured against the properties.

7.	Share capital
	Allotted, issued and fully paid: 158,000 £1 ordinary shares were issued in the year. At the year end, the company had share capital of £493,000 in £1 ordinary shares.

8.	Events after reporting date
	During October 2025, one of the properties held by the company was disposed of for £375,000.