Company No: 13707673 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	71,092		33,810
Investments	4	4,000		4,009
		75,092		37,819
Current assets
Debtors
- due within one year	5	1,207,447		1,143,332
- due after more than one year	5	1,408,123		1,583,597
Cash at bank and in hand		88,322		36,881
		2,703,892		2,763,810
Creditors: amounts falling due within one year	6	( 8,922)		( 47,290)
Net current assets		2,694,970		2,716,520
Total assets less current liabilities		2,770,062		2,754,339
Net assets		2,770,062		2,754,339
Capital and reserves
Called-up share capital	7	10,000		10,000
Share premium account		2,679,732		2,679,732
Profit and loss account		80,330		64,607
Total shareholders' funds		2,770,062		2,754,339

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Teseke Limited (registered number: 13707673) were approved and authorised for issue by the Board of Directors on 12 December 2025. They were signed on its behalf by:

Richard John Bland Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Teseke Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1f Long Acre, Saltash, PL12 6LZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 April 2024	36,406		36,406
Additions	45,917		45,917
At 31 March 2025	82,323		82,323
Accumulated depreciation
At 01 April 2024	2,596		2,596
Charge for the financial year	8,635		8,635
At 31 March 2025	11,231		11,231
Net book value
At 31 March 2025	71,092		71,092
At 31 March 2024	33,810		33,810

4. Fixed asset investments

	Investments in associates		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 April 2024	9		4,000		4,009
Disposals	( 9)		0		( 9)
At 31 March 2025	0		4,000		4,000
Carrying value at 31 March 2025	0		4,000		4,000
Carrying value at 31 March 2024	9		4,000		4,009

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Amounts owed by directors	125,202		122,733
Prepayments	3,310		0
Other debtors	1,078,935		1,020,599
	1,207,447		1,143,332
Debtors: amounts falling due after more than one year
Other debtors	1,408,123		1,583,597

Other debtors relate to loan notes that formed the consideration for the disposal of shares in an associate during the period ended 31 March 2023.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	7,422		4,500
Corporation tax	0		42,790
Other creditors	1,500		0
	8,922		47,290

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000,000 Ordinary shares of £ 0.01 each	10,000		10,000

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed by the directors	125,202		122,733

Interest is charged on the loan at HMRC approved rates when overdrawn. There is no fixed date of repayment.