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Company Registration No. 10958626 (England and Wales)
TD2023 REALISATIONS LTD Unaudited accounts for the period from 1 April 2023 to 30 June 2023
TD2023 REALISATIONS LTD Unaudited accounts Contents
Page
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TD2023 REALISATIONS LTD Company Information for the period from 1 April 2023 to 30 June 2023
Director
C N Evans
Company Number
10958626 (England and Wales)
Registered Office
C/o VC Finance Ltd 2d Fulwood Park Liverpool L17 5AG
Accountants
VC Finance Ltd 3.02 The Plaza 100 Old Hall Street Liverpool L3 9QJ
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TD2023 REALISATIONS LTD Statement of financial position as at 30 June 2023
30/06/2023 
31/03/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,628 
58,943 
Current assets
Debtors
13,223 
71,801 
Cash at bank and in hand
50 
- 
13,273 
71,801 
Creditors: amounts falling due within one year
(91,351)
(511,920)
Net current liabilities
(78,078)
(440,119)
Total assets less current liabilities
(71,450)
(381,176)
Creditors: amounts falling due after more than one year
(36,049)
(56,485)
Provisions for liabilities
Other provisions
(21,500)
- 
Net liabilities
(128,999)
(437,661)
Capital and reserves
Called up share capital
233 
233 
Profit and loss account
(129,232)
(437,894)
Shareholders' funds
(128,999)
(437,661)
For the period ending 30 June 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2023 and were signed on its behalf by
C N Evans Director Company Registration No. 10958626
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TD2023 REALISATIONS LTD Notes to the Accounts for the period from 1 April 2023 to 30 June 2023
1
Statutory information
TD2023 REALISATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10958626. The registered office is C/o VC Finance Ltd, 2d Fulwood Park, Liverpool, L17 5AG. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. The accounts are prepared on a “break-up” basis, i.e. a basis other than going concern.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared on a break-up basis. The Company ceased trading on 01 May 2023 and began realising assets for the benefit of its creditors. Whilst the actions of the Directors project to see all creditors settled in full at 100p in the £1, there can be no certainty of this and in any event its cessation of trading makes it unable to prepare accounts on the going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
107,000 
At 30 June 2023
107,000 
Amortisation
At 1 April 2023
107,000 
At 30 June 2023
107,000 
Net book value
At 30 June 2023
- 
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TD2023 REALISATIONS LTD Notes to the Accounts for the period from 1 April 2023 to 30 June 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
3,208 
3,186 
62,527 
507 
30,464 
99,892 
Disposals
- 
- 
(54,477)
(507)
(30,464)
(85,448)
At 30 June 2023
3,208 
3,186 
8,050 
- 
- 
14,444 
Depreciation
At 1 April 2023
3,208 
3,186 
16,731 
- 
17,824 
40,949 
Charge for the period
- 
- 
711 
14 
1,172 
1,897 
On disposals
- 
- 
(16,020)
(14)
(18,996)
(35,030)
At 30 June 2023
3,208 
3,186 
1,422 
- 
- 
7,816 
Net book value
At 30 June 2023
- 
- 
6,628 
- 
- 
6,628 
At 31 March 2023
- 
- 
45,796 
507 
12,640 
58,943 
Inventories representing work in progress is calculated using a direct measurement of value to the customer of the goods or services transferred to date. This includes using the appraisal of results achieved, milestones reached or units produced or delivered.
7
Debtors
30/06/2023 
31/03/2023 
£ 
£ 
Amounts falling due within one year
VAT
2,199 
- 
Trade debtors
- 
71,801 
Other debtors
11,024 
- 
13,223 
71,801 
8
Creditors: amounts falling due within one year
30/06/2023 
31/03/2023 
£ 
£ 
Bank loans and overdrafts
30,771 
6,667 
VAT
- 
38,686 
Obligations under finance leases and hire purchase contracts
1,872 
19,750 
Trade creditors
- 
48,344 
Amounts owed to group undertakings and other participating interests
4,916 
39,274 
Taxes and social security
14,547 
30,389 
Other creditors
39,245 
2,740 
Deferred income
- 
326,070 
91,351 
511,920 
Following an agreement entered into with Tokyo Technologies Ltd and in addition with a major supplier who is owed work paid for in advance, the liability on the Company was assigned by way of Deed of Novation.
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TD2023 REALISATIONS LTD Notes to the Accounts for the period from 1 April 2023 to 30 June 2023
9
Creditors: amounts falling due after more than one year
30/06/2023 
31/03/2023 
£ 
£ 
Bank loans
32,306 
33,797 
Obligations under finance leases and hire purchase contracts
3,743 
22,688 
36,049 
56,485 
10
Share capital
30/06/2023 
31/03/2023 
£ 
£ 
Allotted, called up and fully paid:
233 Ordinary shares of £1 each
233 
233 
11
Contingent liabilities
During the return of lease cars certain damage charges are applied that can not be foreseen. Also a Novation which the Company believed had taken place of a car with VWFS has an outstanding balance of c.£5k. A provision for this liability has been made within the accounts.
12
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A Bimpson
Advance against salary
- 
10,000 
- 
10,000 
- 
10,000 
- 
10,000 
Directors loans are interest free and unsecured and repayable on demand but in not less than 9 months from the loan date. The loan shows in Other Debtors. The loan was made before the company ceased to trade, the Directors consider this may not be recoverable and have provided for it in full.
13
Controlling party
The company, in the period was a wholly owned subsidiary of TOKGRP Ltd a Company incorpoated in England No. 09938882. As it qualifies as a small group accounts are not further consolidated.
14
Post balance sheet events
The Directors contintued to wind down the affairs of the company for the benifit of creditors as can be noted from the substantially reduced liabilities. The Directors intend to file accounts to the end of September and at that point will explain all the actions taken. Those accounts expect to show further progress to balance sheet improvement and clean up. However, whilst further "unwinding" and and admin work has been completed in that period post 30/06/2023 to continue to gracefully close the company, the Directors work is almost complete. Post period end V Gardner ceased to be a Director as the amount of admin work reduced to a few small matters, mainly around lease cars. During the next report and accounts filed the Director remaining C N Evans intends to provide a detailed explanation of all transactions undertaken since it ceased trading.
15
Average number of employees
During the period the average number of employees was 2 (31/03/2023: 9).
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