REGISTERED NUMBER: 02823501 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Telekey Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Cornelli

SECRETARY:

Mrs T Cornelli

REGISTERED OFFICE:

C/O CAAT Advisory Ltd

Studio 19a Oru Space Sutton

7 Throwley Way,

Sutton

SM1 4AF

REGISTERED NUMBER:

02823501 (England and Wales)

ACCOUNTANTS:

CAAT Advisory Ltd

Studio 19a Oru Space Sutton,

7 Throwley Way

Sutton

SM1 4AF

FIXED ASSETS

Investment property

4

1,805,143

1,805,143

CURRENT ASSETS

Debtors

5

303,015

472,164

Investments

6

434,405

333,453

Cash at bank

21,544

21,497

758,964

827,114

CREDITORS

Amounts falling due within one year

7

293,244

398,984

NET CURRENT ASSETS

465,720

428,130

TOTAL ASSETS LESS CURRENT LIABILITIES

2,270,863

2,233,273

PROVISIONS FOR LIABILITIES

69,197

69,197

NET ASSETS

2,201,666

2,164,076

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,201,664

2,164,074

SHAREHOLDERS' FUNDS

2,201,666

2,164,076

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 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 31 December 2025 and were signed by:

F Cornelli - Director

1.	STATUTORY INFORMATION

Telekey Properties Limited is a private company, limited by shares , registered in England and Wales. 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,805,143

NET BOOK VALUE

At 31 March 2025

1,805,143

At 31 March 2024

1,805,143

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

550,000

Valuation in 2022

785,392

Valuation in 2023

469,751

1,805,143

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

303,015

472,164

6.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Other

434,405

333,453

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

30,097

25,794

Other creditors

263,147

373,190

293,244

398,984