ACCOUNTS - Final Accounts preparation

Registered number: 16047732

TURCO INVESTMENT LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2025

TURCO INVESTMENT LTD

REGISTERED NUMBER: 16047732

BALANCE SHEET

AS AT 31 OCTOBER 2025

		2025
Note		£

Fixed assets
Investment property	4		452,929
			452,929
Current assets
Debtors: amounts falling due within one year	5	4,200
Cash at bank and in hand	6	178
		4,378
Creditors: amounts falling due within one year	7	(250,805)
Net current (liabilities)/assets			(246,427)
Total assets less current liabilities			206,502
Creditors: amounts falling due after more than one year	8		(202,047)

Net assets			4,455

Capital and reserves
Called up share capital	10	2
Profit and loss account		4,453
		4,455

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 July 2026.

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TURCO INVESTMENT LTD

REGISTERED NUMBER: 16047732

BALANCE SHEET (CONTINUED)

AS AT 31 OCTOBER 2025

Suat Gun

Director

The notes on pages 3 to 6 form part of these financial statements.

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TURCO INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

1.	General information

Turco Investment Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 16047732. The address of the registered office is 47 Radnor Road, Cheltenham, England, GL51 3JN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant takes possession or controls the physical use of the lease space.

Turnover comprises of rents and commissions received by the company during the year.

Turnover is recognised in the period the rent and commission relates to.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

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TURCO INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.6

Investment property

Investment property is carried at fair value determined annually by the Director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	452,929
	At 31 October 2025	452,929

The 2025 valuations were made by the Director, on a fair value basis.

Debtors

2025

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TURCO INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

5.Debtors (continued)


	Trade debtors	4,200
		4,200

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	178
		178

7.	Creditors: Amounts falling due within one year
		2025
		£

	Bank loans	8,776
	Corporation tax	1,045
	Other creditors	239,544
	Accruals and deferred income	1,440
		250,805

8.	Creditors: Amounts falling due after more than one year
		2025
		£

	Bank loans	202,047
		202,047

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TURCO INVESTMENT LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

9.	Loans
	Analysis of the maturity of loans is given below:
		2025
		£

	Amounts falling due within one year
	Bank loans	8,776
	Amounts falling due 1-2 years
	Bank loans	9,434
	Amounts falling due 2-5 years
	Bank loans	32,717
	Amounts falling due after more than 5 years
	Bank loans	159,896
		210,823

10.	Share capital
		2025
		£

		Allotted, called up and fully paid

		2 Ordinary shares of £1.00 each	2

2 Ordinary shares of £2 each have been allotted, called up and fully paid in the period

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