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Company registration number: 13837111
Tustain Holdings Limited
Unaudited filleted financial statements
for the period ended
31 January 2023
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Tustain Holdings Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Tustain Holdings Limited
Directors and other information
Directors John Bernard Tustain (Appointed 10 January 2022)
Elizabeth Beatrice Tustain (Appointed 10 January 2022)
Matthew John Tustain (Appointed 15 February 2023)
Company number 13837111
Registered office 5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Accountants Thomas Nock Martin Limited
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
Tustain Holdings Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Tustain Holdings Limited
Period ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tustain Holdings Limited for the period ended 31 January 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Tustain Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Tustain Holdings Limited and state those matters that we have agreed to state to the board of directors of Tustain Holdings Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tustain Holdings Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Tustain Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tustain Holdings Limited. You consider that Tustain Holdings Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Tustain Holdings Limited. 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 financial statements.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
6 October 2023
Tustain Holdings Limited
Statement of financial position
31 January 2023
31/01/23
Note £ £
Fixed assets
Investments 5 1
_______
1
Current assets
Cash at bank and in hand 392
_______
392
Creditors: amounts falling due
within one year 6 ( 1)
_______
Net current assets 391
_______
Total assets less current liabilities 392
_______
Net assets 392
_______
Capital and reserves
Called up share capital 7 392
_______
Shareholders funds 392
_______
For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 October 2023 , and are signed on behalf of the board by:
John Bernard Tustain
Director
Company registration number: 13837111
Tustain Holdings Limited
Statement of changes in equity
Period ended 31 January 2023
Called up share capital Total
£ £
At 10 January 2022 - -
Profit for the period - -
_______ _______
Total comprehensive income for the period - -
Issue of shares 392 392
_______ _______
Total investments by and distributions to owners 392 392
_______ _______
At 31 January 2023 392 392
_______ _______
Tustain Holdings Limited
Notes to the financial statements
Period ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company received no income and incurred no expenditure during the current period and therefore no income statement is presented within these financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 10 January 2022 - -
Additions 1 1
_______ _______
At 31 January 2023 1 1
_______ _______
Impairment
At 10 January 2022 and 31 January 2023 - -
_______ _______
Carrying amount
At 31 January 2023 1 1
_______ _______
6. Creditors: amounts falling due within one year
31/01/23
£
Other creditors 1
_______
7. Called up share capital
Issued, called up and fully paid
31/01/23
No £
Ordinary A shares of £ 0.10 each 1,000 100
Ordinary B shares of £ 0.10 each 1,000 100
Ordinary D shares of £ 0.10 each 960 96
Ordinary E shares of £ 0.10 each 960 96
_______ _______
3,920 392
_______ _______