REGISTERED NUMBER: 10610508 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

T & K PROPERTY LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Investment property

4

284,650

284,650

Current assets

Debtors

5

155,220

218,684

Cash at bank

894

770

156,114

219,454

Creditors

Amounts falling due within one year

6

97,474

156,812

Net current assets

58,640

62,642

Total assets less current liabilities

343,290

347,292

Creditors

Amounts falling due after more than one year

7

(181,806

)

(182,144

)

Provisions for liabilities

9

(9,687

)

(9,687

)

Net assets

151,797

155,461

Capital and reserves

Called up share capital

10

100

100

Fair value reserve

11

29,060

29,060

Retained earnings

122,637

126,301

Shareholders' funds

151,797

155,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Mr J M Tollerfield - Director

Mr M E King - Director

1.	Statutory information

T & K Property Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10610508 The registered office is 31 West Street, Wimborne, Dorset, BH21 1JS and business address is Unit 5 Chantry Park, 2 Cowley Road, Nuffield Industrial Estate, Poole, Dorset, BHT 0UJ.

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

Turnover represents income received from property rentals.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Investment property

Total

£

Fair value

At 1 April 2024

and 31 March 2025

284,650

Net book value

At 31 March 2025

284,650

At 31 March 2024

284,650

The investment property was valued by the directors as at 31 March 2025.

Investment properties will be valued at fair value in future years with changes in fair value taken to the fair value reserve.

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

960

768

Other debtors

153,444

216,699

Prepayments and accrued income

816

1,217

155,220

218,684

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

3,064

7,854

Other loans

18,000

54,000

Trade creditors

2,873

1,247

Tax

28,876

35,687

Other creditors

27,691

27,691

Directors' current accounts

15,392

28,833

Accruals and deferred income

1,578

1,500

97,474

156,812

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

2,466

7,854

Bank loans - 2-5 years

4,386

19,543

Bank loans more 5 yr by instal

174,954

154,747

181,806

182,144

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

174,954

154,747

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Paragon Bank PLC

181,656

185,769

All monies owed to Paragon Bank PLC relating to the mortgage over 304 Bitterne Road West, Southampton, S018 1BQ are secured in a charge dated 7 July 2021 over the property.

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

9,687

9,687

Deferred

tax

£

Balance at 1 April 2024

9,687

Balance at 31 March 2025

9,687

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.

Reserves

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

29,060

12.	Ultimate controlling party

The company is controlled by the directors Mr J Tollerfield and Mr M King, each owning 50% of he issued voting share capital.