REGISTERED NUMBER: 09850978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TUNCER INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T Tuncer

SECRETARY:

REGISTERED OFFICE:

First Floor Office

34 Great Queen Street

Covent Garden

London

WC2B 5AA

REGISTERED NUMBER:

09850978 (England and Wales)

ACCOUNTANTS:

NYO Chartered Accountants and Registered Auditors

First Floor Office

34 Great Queen Street

London

WC2B 5AA

FIXED ASSETS

Tangible assets

4

14,824

53,964

Investments

5

29,500

29,500

Investment property

6

9,798,244

8,863,244

9,842,568

8,946,708

CURRENT ASSETS

Debtors

7

8,317

9,002

Cash at bank and in hand

132,190

66,384

140,507

75,386

CREDITORS

Amounts falling due within one year

8

868,464

1,375,275

NET CURRENT LIABILITIES

(727,957

)

(1,299,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,114,611

7,646,819

CREDITORS

Amounts falling due after more than one year

9

(5,696,094

)

(5,072,605

)

PROVISIONS FOR LIABILITIES

(691,697

)

(492,218

)

NET ASSETS

2,726,820

2,081,996

CAPITAL AND RESERVES

Called up share capital

12

10,000

10,000

Fair value reserve

13

2,925,734

2,091,094

Retained earnings

13

(208,914

)

(19,098

)

SHAREHOLDERS' FUNDS

2,726,820

2,081,996

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

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

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 23 December 2025 and were signed by:

Mr T Tuncer - Director

1.	STATUTORY INFORMATION

Tuncer Investments Ltd is a private company, limited by shares, registered in England. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

TURNOVER

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

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% reducing balance

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

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,651

1,299

103,659

2,665

109,274

Disposals

-

-

(90,039

)

-

(90,039

)

At 31 December 2024

1,651

1,299

13,620

2,665

19,235

DEPRECIATION

At 1 January 2024

932

519

51,194

2,665

55,310

Charge for year

165

130

860

-

1,155

Eliminated on disposal

-

-

(52,054

)

-

(52,054

)

At 31 December 2024

1,097

649

-

2,665

4,411

NET BOOK VALUE

At 31 December 2024

554

650

13,620

-

14,824

At 31 December 2023

719

780

52,465

-

53,964

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

103,659

Disposals

(90,039

)

At 31 December 2024

13,620

DEPRECIATION

At 1 January 2024

51,194

Charge for year

860

Eliminated on disposal

(52,054

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

13,620

At 31 December 2023

52,465

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.24

31.12.23

£

£

Luxury goods

29,500

29,500

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

8,863,244

Additions

100,360

Revaluations

834,640

At 31 December 2024

9,798,244

NET BOOK VALUE

At 31 December 2024

9,798,244

At 31 December 2023

8,863,244

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

718,000

Valuation in 2018

647,201

Valuation in 2019

25,646

Valuation in 2021

1,221,555

Valuation in 2023

(29,090

)

Valuation in 2024

834,640

Cost

6,380,292

9,798,244

If the investment properties had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

7,676,650

7,676,650

43 & 45 & 51 Church Street was valued on an open market basis on 29 November 2024 by Ringley Limited .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Prepayments and accrued income

8,317

9,002

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 10)

7,479

495,000

Other loans (see note 10)

743,675

757,675

Hire purchase contracts

2,479

7,588

Payments on account

60,239

60,239

Trade creditors

-

5,397

Amounts owed to associates

3,687

4,270

Tax

6,579

8,008

Social security and other taxes

535

1,660

Deferred income

33,189

31,958

Accrued expenses

10,602

3,480

868,464

1,375,275

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 10)

4,036,356

3,341,356

Hire purchase contracts

-

58,692

Directors' loan accounts

1,659,738

1,672,557

5,696,094

5,072,605

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

866,356

1,361,356

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

7,479

-

Bank loans

-

495,000

Other loans 1

713,675

727,675

Other loans 2

30,000

30,000

751,154

1,252,675

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

990,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

3,170,000

990,000

Amounts falling due in more than five years:

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

866,356

1,361,356

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

4,036,356

3,836,356

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

10,000

Ordinary

1

10,000

10,000

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

(19,098

)

2,091,094

2,071,996

Profit for the year

644,824

644,824

Gain on investment property

through Profit and Loss

(834,640

)

834,640

-

At 31 December 2024

(208,914

)

2,925,734

2,716,820

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Tuncer.