T44 LKY LIMITED


Directors	B J MORRIS
	P J MORRIS


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	10471068 (England and Wales)

Statement of Financial Position
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,068		4,068
Investment property	4		-		430,617
			4,068		434,685
Current assets
Debtors	5	20,000		20,000
Cash at bank and on hand		228,083		49,609
		248,083		69,609
Creditors amounts falling due within one year	6	(17,548)		(1,228)
Net current assets (liabilities)			230,535		68,381
Total assets less current liabilities			234,603		503,066
Creditors amounts falling due after one year	7		-		(263,495)
Provisions for liabilities	8		-		(12,677)
Net assets			234,603		226,894
Capital and reserves
Called up share capital			101		101
Revaluation reserve			-		54,043
Profit and loss account			234,502		172,750
Shareholders' funds			234,603		226,894

The company was entitled to exemption from audit for this reporting period 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 August 2026, and are signed on its behalf by:

B J MORRIS
Director
Registered Company No. 10471068

T44 LKY LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Fixtures and fittings	3

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 December 24	4,068	1,201	5,269
At 30 November 25	4,068	1,201	5,269
Depreciation and impairment
At 01 December 24	-	1,201	1,201
At 30 November 25	-	1,201	1,201
Net book value
At 30 November 25	4,068	-	4,068
At 30 November 24	4,068	-	4,068

4.	Investment property


		£
	Fair value at 01 December 24	430,617
	Additions	15,394
	Disposals	(446,011)
	At 30 November 25	-

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	20,000	20,000
Total	20,000	20,000

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	14,604	-
Other creditors	652	28
Accrued liabilities and deferred income	2,292	1,200
Total	17,548	1,228

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	263,495
Total	-	263,495

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	-	12,677
Total	-	12,677

9.	Related party transactions
	As at the balance sheet date, the company owed an amount of £654 (2024:£30) to the directors. The amount is interest free and repayable on demand. As at the balance sheet date, the company is owed an amount an amount of £20,000 (2024:£20,000) by PTB One Ltd. The company is related party by virtue of the fact that it is under common control.