REGISTERED NUMBER: 04506869 (England and Wales)

10K LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Reavley

T Hogg

REGISTERED OFFICE:

Unit 163 Maple Leaf Business Park

Manston

Ramsgate

CT12 5GY

REGISTERED NUMBER:

04506869 (England and Wales)

AUDITORS:

Spurling Cannon Audit Limited

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

FIXED ASSETS

Tangible assets

4

705

882

Investments

5

1,000

1,000

1,705

1,882

CURRENT ASSETS

Debtors

6

932

1,307

Cash at bank

26,545

28,028

27,477

29,335

CREDITORS

Amounts falling due within one year

7

39,097

35,776

NET CURRENT LIABILITIES

(11,620

)

(6,441

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,915

)

(4,559

)

PROVISIONS FOR LIABILITIES

300

300

NET LIABILITIES

(10,215

)

(4,859

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(11,215

)

(5,859

)

(10,215

)

(4,859

)

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 Board of Directors and authorised for issue on 28 May 2026 and were signed on its behalf by:

B Reavley - Director

1.	STATUTORY INFORMATION

10k Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The Directors have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the accounts.

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.

Fixture & Fittings

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixture &

Fittings

£

COST

At 1 September 2024

and 31 August 2025

2,489

DEPRECIATION

At 1 September 2024

1,607

Charge for year

177

At 31 August 2025

1,784

NET BOOK VALUE

At 31 August 2025

705

At 31 August 2024

882

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

1,000

NET BOOK VALUE

At 31 August 2025

1,000

At 31 August 2024

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6

6

VAT

926

1,301

932

1,307

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10

1,839

Amounts owed to group undertakings

34,737

29,937

Accrued expenses

4,350

4,000

39,097

35,776

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Spurling (Senior Statutory Auditor)

for and on behalf of Spurling Cannon Audit Limited

9.	RELATED PARTY DISCLOSURES

The company is owned by Montadale Limited, and company holds 100% of the issued share capital of the 10k Used Gear Limited. The transactions between these companies qualify as related party transactions. The list of related parties, their relationships, and the balances due to and from related parties with transactions are detailed below:

Name

Relationship

Montadale Limited

Ultimate Holding Company

10k Used Gear Limited

100% Owned Subsidiary

Merino Management Limited

Associate Company

Amount Owed to Group Undertakings

Amount (£)

10k Used Gear Limited

34,737.49

The company has an amount owed to 10K Used Gear Limited, which relates to transactions involving the directors. All transactions were conducted on an arm's length basis

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Montadale Limited (Company No. 15509011) & Registered office address: Milestone House, Millbrook, Guildford, United Kingdom, GU1 3YA.

Montadale limited holds 100% of the issued share capital of the 10K Limited.