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Company Registration No. 12819339 (England and Wales)
TELIOM ASSOCIATES LTD Unaudited accounts for the year ended 31 August 2024
TELIOM ASSOCIATES LTD Unaudited accounts for the year ended 31 August 2024
CONTENTS
PAGE
Statement of financial position
3
Notes to the financial statements
5
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TELIOM ASSOCIATES LTD Statement of Financial Position as at 31 August 2024
Note
2024
2023
£
£
£
£
Fixed assets
Tangible fixed assets
2
252,032
252,655
252,032
252,655
Current assets
Debtors
4
1,268
2,573
Cash at bank and in hand
194
671
1,462
3,244
Creditors: amounts falling due within one year
5
(80,380)
(78,169)
Net current assets/(liabilities)
(78,918)
(74,925)
Total assets less current liabilities
173,114
177,730
Creditors: amounts falling due after more than one year
6
(187,362)
(187,073)
Net assets/liabilities
(14,248)
(9,343)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(14,249)
(9,344)
Shareholders' funds
(14,248)
(9,343)
For the period ending 31 August 2024 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 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 accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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TELIOM ASSOCIATES LTD Statement of Financial Position as at 31 August 2024
This report was approved by the board of directors on 22 August 2026 and signed on behalf of the board by:
....................... Magdiel Feval Director
Company Registration Number 12819339 The principal activity of the company is Buying and selling of own real estate. The company is a private limited company, which is incorporated in England and Wales (no 12819339). The address of the registered office is 170 170 Marathon House 33 Olympic Way Wembley HA9 0GF.
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TELIOM ASSOCIATES LTD Notes to the financial statements for the year ended 31 August 2024
1 Compliance with Accounting Standards
The financial statement have been prepared in accordance with the Financial Reporting Standard 102 Section 1A Small Entities. There were no significant departures from that standard.
2 Tangible fixed assets

| Computer | Freehold | Total
--- | --- | --- | ---
| equipment | property |
| £ | £ | £
Cost |  |  |
At 01 Sep 2023 | 4,849 | 248,500 | 253,349
Additions | - | - | -
Disposals | - | - | -
Revaluations | - | - | -
At 31 Aug 2024 | 4,849 | 248,500 | 253,349
Depreciation |  |  |
At 01 Sep 2023 | 694 | - | 694
On Disposals | - | - | -
Charge for the year | 623 | - | 623
Other movements (impairment / revaluation) | - | - | -
At 31 Aug 2024 | 1,317 | - | 1,317
Net Book value |  |  |
At 31 Aug 2024 | 3,532 | 248,500 | 252,032
At 31 Aug 2023 | 4,155 | 248,500 | 252,655

Computer equipment is depreciated at 15% on the reducing balance method. No depreciation is provided in the year of acquisition.
3 Dividends
During the year the company paid dividends of £0 (prior year: £0) to its shareholders.
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TELIOM ASSOCIATES LTD Notes to the financial statements for the year ended 31 August 2024
4 Debtors

| £ | £
--- | --- | ---
Accrued income and prepayments | 1,268 | 2,573
| 1,268 | 2,573

Trade debtors of £725 in respect of rent arrears have been recognised in the year and fully provided against.
5 Creditors: amounts due within one year

| £ | £
--- | --- | ---
Directors loan accounts | 63,070 | 60,859
VAT | 2,979 | 2,979
Accruals | 864 | 864
Corporation tax provision | 13,467 | 13,467
| 80,380 | 78,169

6 Creditors: amounts due after one year

| £ | £
--- | --- | ---
Loans | 187,362 | 187,073
| 187,362 | 187,073
Bank loans are secured by fixed charges over the company's investment properties.

7 Loans to directors

| Brought | Advances | Repaid | Carried
--- | --- | --- | --- | ---
| forward | in period | in period | forward
| £ | £ | £ | £
Magdiel Feval |  |  |  |
| 60,859 | 5,098 | 2,887 | 63,070
| 60,859 | 5,098 | 2,887 | 63,070

8 Controlling party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
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TELIOM ASSOCIATES LTD Notes to the financial statements for the year ended 31 August 2024
9 Average number of employees
During the year the average number of employees was 1 (2023: 1).
10 Going concern
The financial statements have been prepared on a going concern basis. The company has net liabilities of £14,248 at 31 August 2024 and is dependent on the continued financial support of its director, who has confirmed his intention to provide such support for at least twelve months from the date of approval of these financial statements.
11 Loans to directors
Included in creditors due within one year is an amount of £63,070 (2023: £60,859) owed to its director. The amount is interest free and repayable on demand.
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