Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-013falseManagement of real estate on a fee or contract basis3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13422181 2022-04-01 2023-03-31 13422181 2021-05-26 2022-03-31 13422181 2023-03-31 13422181 2022-03-31 13422181 c:Director1 2022-04-01 2023-03-31 13422181 d:Buildings 2022-04-01 2023-03-31 13422181 d:Buildings 2023-03-31 13422181 d:Buildings 2022-03-31 13422181 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 13422181 d:PlantMachinery 2022-04-01 2023-03-31 13422181 d:PlantMachinery 2023-03-31 13422181 d:PlantMachinery 2022-03-31 13422181 d:CurrentFinancialInstruments 2023-03-31 13422181 d:CurrentFinancialInstruments 2022-03-31 13422181 d:Non-currentFinancialInstruments 2023-03-31 13422181 d:Non-currentFinancialInstruments 2022-03-31 13422181 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13422181 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13422181 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13422181 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 13422181 d:ShareCapital 2023-03-31 13422181 d:ShareCapital 2022-03-31 13422181 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 13422181 d:RetainedEarningsAccumulatedLosses 2023-03-31 13422181 d:RetainedEarningsAccumulatedLosses 2022-03-31 13422181 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13422181 c:OrdinaryShareClass1 2023-03-31 13422181 c:OrdinaryShareClass1 2022-03-31 13422181 c:FRS102 2022-04-01 2023-03-31 13422181 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13422181 c:FullAccounts 2022-04-01 2023-03-31 13422181 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13422181 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13422181









TESU BLACKPOOL LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TESU BLACKPOOL LIMITED
REGISTERED NUMBER: 13422181

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,123,101
1,190,309

Current assets
  

Debtors: amounts falling due after more than one year
 5 
11,645
-

Debtors: amounts falling due within one year
 5 
11,444
9,203

Cash at bank and in hand
  
10,023
-

  
33,112
9,203

Creditors: amounts falling due within one year
 6 
(166,292)
(1,101,926)

Net current liabilities
  
 
 
(133,180)
 
 
(1,092,723)

Total assets less current liabilities
  
989,921
97,586

Creditors: amounts falling due after more than one year
  
(753,115)
-

Provisions for liabilities
  

Deferred tax
  
(35,146)
(26,775)

Net assets
  
201,660
70,811


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
201,560
70,711

  
201,660
70,811


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 year 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 income and retained earnings 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 by: 



Page 1

 
TESU BLACKPOOL LIMITED
REGISTERED NUMBER: 13422181

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


U S Pilani
Director
Date: 25 September 2023

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
TESU BLACKPOOL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Tesu Blackpool Limited is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 3rd Floor, 24 Old Bond Street, London, W1S 4AP.
The financial statements are presented in sterling which is the functional currency of the company.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, on the directors' understanding that the company's creditors, being in principal it's parent undertaking will continue to provide financial support to the company, by deferment of the amounts due to them or by other means.
The directors are satisfied, for the foreseeable future, being a period of at least twelve months from the date on which these financial statements are approved, that the company has sufficient resources to enable it to continue in operation as a going concern and meet its liabilities as they fall due for payment. They therefore consider it appropriate to prepare these financial statements on a going concern basis.

 
2.3

Revenue

Revenue represents rents receivable during the year from owned property in which the group operates. Rental income is accrued on a time apportioned basis.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

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.

Page 3

 
TESU BLACKPOOL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight-line
Freehold property [integral plant]
-
25%
reducing balance
Plant and machinery
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

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.

Page 4

 
TESU BLACKPOOL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost


At 1 April 2022
1,192,271
52,781
1,245,052



At 31 March 2023

1,192,271
52,781
1,245,052



Depreciation


At 1 April 2022
45,397
9,347
54,744


Charge for the year on owned assets
56,348
10,859
67,207



At 31 March 2023

101,745
20,206
121,951



Net book value



At 31 March 2023
1,090,526
32,575
1,123,101



At 31 March 2022
1,146,874
43,435
1,190,309


5.


Debtors

2023
2022
£
£

Due after more than one year

Prepayments
11,645
-

Page 5

 
TESU BLACKPOOL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.Debtors (continued)


2023
2022
£
£

Due within one year

Other debtors
4,532
3,661

Prepayments
6,912
5,542

11,444
9,203



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
62,209
-

Trade creditors
5,160
150

Amounts owed to group undertakings
92,889
1,098,476

Accruals
6,034
3,300

166,292
1,101,926



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
753,115
-


The aggregate amount of creditors for which security has been given amount to £815,324 (2022 - £NIL).
The above bank loans are secured by way of debenture, and first legal charge over the freehold property held within the company.

Page 6

 
TESU BLACKPOOL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Deferred taxation




2023


£






At beginning of year
(26,775)


Charged to profit or loss
(8,371)



At end of year
(35,146)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(35,146)
(46,862)

Tax losses carried forward
-
20,087

(35,146)
(26,775)


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses.


11.


Related party transactions

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.


12.


Parent undertaking

The immediate and ultimate parent undertaking is Swindon Hotel Ltd, a company incorporated in the British Virgin Islands. Its Registered Office is 2nd Floor, O'Neal Marketing Associates Building Wickham's Cay II, P.O. Box 3174, Road Town, Tortola VG1110, British Virgin Islands.

Page 7