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Registration number: 07836692

Tomaf Limited



Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Tomaf Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

Tomaf Limited

Company Information

Director

Mr MA Ulrich

Registered office

Second Floor
150-151 Fleet Street
London
EC4A 2DQ

Registered Number

07836692

Accountants

Gower Accountancy Limited
Chartered Certified Accountants
Second Floor
150-151 Fleet Street
London
EC4A 2DQ

 

Tomaf Limited

Director's Report for the Year Ended 31 December 2021

The director presents his report and the financial statements for the year ended 31 December 2021.

Director of the company

The director who held office during the year was as follows:

Mr MA Ulrich

Principal activity

The principal activity of the company is Holding company with investment interest in an Italian company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 August 2022
 

.........................................
Mr MA Ulrich
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Tomaf Limited
for the Year Ended 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tomaf Limited for the year ended 31 December 2021 as set out on pages 4 to 7 from the company's accounting records and from information and explanations given to us.

It is your duty to ensure that Tomaf Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that Tomaf Limited is exempt from the statutory audit requirement for the year to 31 December 2021.

We have not been instructed to carry out an audit or a review of the accounts of Tomaf Limited and for this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gower Accountancy Limited
Chartered Certified Accountants
Second Floor
150-151 Fleet Street
London
EC4A 2DQ

15 August 2022

 

Tomaf Limited

(Registration number: 07836692)
Balance Sheet as at 31 December 2021

Note

2021

2020

Fixed assets

 

Investments

4

902,990

902,990

Creditors: Amounts falling due within one year

5

(2,037)

(2,059)

Total assets less current liabilities

 

900,953

900,931

Creditors: Amounts falling due after more than one year

5

(983,828)

(980,051)

Net liabilities

 

(82,875)

(79,120)

Capital and reserves

 

Called up share capital

6

10,000

10,000

Retained earnings

(92,875)

(89,120)

Shareholders' deficit

 

(82,875)

(79,120)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 August 2022
 

.........................................

Mr MA Ulrich
Director

The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the financial year ending 31 December 2021.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with section 476 of the Companies Act 2006; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Tomaf Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England nad Wales.

The address of its registered office is:
Second Floor
150-151 Fleet Street
London
EC4A 2DQ
United Kingdom

These financial statements were approved by the director on 15 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Tomaf Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Investments

2021

2020

Investments in subsidiaries

902,990

902,990

 

Tomaf Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

Subsidiaries

Cost or valuation

At 1 January 2021

902,990

Provision

Carrying amount

At 31 December 2021

902,990

At 31 December 2020

902,990

5

Creditors

Creditors: amounts falling due within one year

2021

2020

Due within one year

Accruals and deferred income

2,037

2,059

Creditors: amounts falling due after more than one year

Note

2021

2020

Due after one year

 

Loans and borrowings

7

983,828

980,051

6

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

No.

Ordinary shares of €1 each

10,000

10,000

10,000

10,000

         

7

Loans and borrowings

2021

2020

Non-current loans and borrowings

Other borrowings

983,828

980,051