Company Registration No. 10920377 (England and Wales)
STRUQTA LIMITED
Amended Unaudited accounts
for the year ended 31 August 2025
STRUQTA LIMITED
Amended Unaudited accounts
Contents
STRUQTA LIMITED
Company Information
for the year ended 31 August 2025
Directors
TATJANA WALLBANKS
ANDREW WALLBANKS
Company Number
10920377 (England and Wales)
Registered Office
Struqta Ltd
14/2E Docklands Business Centre
10-16 Tiller Road
London
London
E14 8PX
England
STRUQTA LIMITED
Statement of financial position
as at 31 August 2025
Investment property
238,035
-
Cash at bank and in hand
72
115
Creditors: amounts falling due within one year
(180,550)
(19,517)
Net current liabilities
(180,478)
(19,402)
Total assets less current liabilities
57,557
170,005
Creditors: amounts falling due after more than one year
(141,000)
(303,398)
Provisions for liabilities
Net liabilities
(92,682)
(133,393)
Called up share capital
2
2
Profit and loss account
(92,684)
(133,395)
Shareholders' funds
(92,682)
(133,393)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by
TATJANA WALLBANKS
Director
Company Registration No. 10920377
STRUQTA LIMITED
Notes to the Accounts
for the year ended 31 August 2025
STRUQTA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10920377. The registered office is Struqta Ltd, 14/2E Docklands Business Centre, 10-16 Tiller Road, London, London, E14 8PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. No depreciation rates apply as all tangible assets were transferred to investment property during the year
In the year ended 31 August 2025 the company has returned to preparing its financial statements under FRS 102 Section 1A, having prepared the prior year accounts under FRS 105.
The change has been made to ensure investment property is correctly measured at fair value in accordance with FRS 102 Section 16, which is not permitted under FRS 105.
The application of FRS 105 in the year ended 31 August 2024 was the result of administrative error in the selection of the appropriate reporting category. The company had previously prepared accounts under FRS 102 Section 1A. No corporation tax has been payable in any prior year as the company has made losses throughout its trading history and therefore no tax advantage has arisen from this error.
STRUQTA LIMITED
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
At 1 September 2024
193,272
Transfer to investment property
(193,272)
On transfers from investment property
(3,865)
Net gain from fair value adjustments
44,763
Transfers from tangible fixed assets
135,500
The investment properties were transferred from tangible fixed assets during the year following the adoption of FRS 102 Section 1A and the fair value model under FRS 102 Section 16. The opening balance of nil reflects that these properties were previously classified as tangible fixed assets under the prior year accounting framework.
The properties comprise:
27 Davis St - purchased 2017 for £48,500 with capital improvements of £28,835
34 Burnaby St - purchased 2018 for £87,000 with capital improvements of £28,937
Independent valuations were obtained on 23 October 2025 confirming open market values of £95,000 for 27 Davis St and £148,000 for 34 Burnaby St. The fair values at 31 August 2025 have been estimated by adjusting for the 53 day period between the valuation date and the year end using a straight line methodology.
This is the first year the company has adopted fair value measurement for investment property. The net fair value gain of £48,628 recognised in profit and loss for the year includes the reversal of £3,865 depreciation that was incorrectly charged in the prior year under the previous accounting framework, together with a fair value uplift of £44,763 representing the increase in open market value since acquisition.
No depreciation is charged on investment property in accordance with FRS 102 Section 16.
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
1,470
Other creditors
173,194
10,250
Loans from directors
7,356
7,657
The company has an outstanding Bounce Back Loan of £630 obtained under the government's Covid-19 Bounce Back Loan Scheme. The loan carries interest at 2.5% per annum. The balance is repayable within one year.
STRUQTA LIMITED
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
141,000
139,000
The following loans are secured on the company's investment properties:
Mortgage - 27 Davis St £48,995.19
Mortgage - 34 Burnaby St £91,374.73
Total secured borrowings £140,369.92
Both mortgages are interest only and secured by way of a fixed charge over the respective investment properties. The mortgages are not due for repayment within 12 months of the balance sheet date.
8
Transactions with related parties
Gate Marketing Limited, a company under common control, provided a loan to the company. The balance outstanding at 31 August 2025 was £167,993.97. Interest of £4,097.41 was charged by Gate Marketing Limited during the year on normal commercial terms. This loan was fully repaid subsequent to the year end.
TW Accounts Limited, a company under common control, provided a loan to the company. The balance outstanding at 31 August 2025 was £5,200.00. No interest was charged on this loan. This loan was fully repaid subsequent to the year end.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).