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Registration number: 14298528

TKOOM Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

TKOOM Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

TKOOM Properties Limited

Company Information

Directors | Richard Garner Sally Garner

Registered office | 9 Hare & Billet Road Blackheath SE3 0RB

Accountants | Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB

TKOOM Properties Limited

(Registration number: 14298528)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 505,000 | 500,000
Current assets |  |  |
Debtors | 6 | - | 228
Cash at bank and in hand |  | 4,854,117 | 17,717
|  | 4,854,117 | 17,945
Creditors: Amounts falling due within one year | 9 | (5,428) | (1,824)
Net current assets |  | 4,848,689 | 16,121
Total assets less current liabilities |  | 5,353,689 | 516,121
Creditors: Amounts falling due after more than one year | 9 | (5,000,000) | (180,000)
Net assets |  | 353,689 | 336,121
Capital and reserves |  |  |
Called up share capital | 7 | 20 | 20
Share premium reserve |  | 360,000 | 360,000
Retained earnings |  | (6,331) | (23,899)
Shareholders' funds |  | 353,689 | 336,121

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 January 2026 and signed on its behalf by:

......................................... Richard Garner Director

TKOOM Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Hare & Billet Road
Blackheath
SE3 0RB

These financial statements were authorised for issue by the Board on 26 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Key sources of estimation uncertainty

In the application of the company’s accounting policies, the director's are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and rental income is recognised on a pro rata basis.

TKOOM Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

TKOOM Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Taxation

Tax charged/(credited) in the income statement

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 3,787 | (228)
UK corporation tax adjustment to prior periods | 9 | -
| 3,796 | (228)

5 | Investment properties

| 2025 £
At 1 September | 500,000
Fair value adjustments | 5,000
At 31 August 2024 | 505,000

The properties were valued by the directors at the year end.

6 | Debtors

| 2025 £ | 2024 £
Other debtors | - | 228
| - | 228

TKOOM Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A of £0.01 each | 200 | 2 | 200 | 2
Ordinary B of £0.01 each | 200 | 2 | 200 | 2
Ordinary C of £0.01 each | 800 | 8 | 800 | 8
Ordinary D of £0.01 each | 800 | 8 | 800 | 8
| 2,000 | 20 | 2,000 | 20

8 | Related party transactions

Summary of transactions with associates

During the period TKOOM Limited were repaid in full a loan totalling £180,000, on which interest of £2,197 (2024: £2,197) was charged. The balance due to TKOOM Limited at the year end as £nil (2024: £180,000).

Summary of transactions with other related parties

Richard and Sally Garner
(Directors and shareholders) During the period the directors introduced funds to the company totalling £nil (2024: £nil). They also paid for business expenses personally totalling £540 (2024: £680), these were repaid in full during the period. At the balance sheet date the amount owed to Richard and Sally Garner was £nil (2024: £nil), on which interest of £nil (2024: £nil) was charged.

Summary of transactions with other related parties

Shareholders During the period two shareholders introduced funds to the company of £2,500,000 each, totalling £5,000,000. The loans are not currently expected to be repaid in full within the next 5 years. At the balance sheet date the amount owed to the two shareholders was £5,000,000, on which no interest was charged.

TKOOM Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Accruals |  | 900 | 864
Income tax liability |  | 3,568 | -
Deferred income |  | 960 | 960
|  | 5,428 | 1,824
Due after one year |  |  |
Loans and borrowings | 10 | 5,000,000 | 180,000

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 5,000,000 | 180,000