REGISTERED NUMBER: |
TSB Capital Ltd |
Unaudited Financial Statements |
for the Period 25 October 2022 to 31 March 2023 |
REGISTERED NUMBER: |
TSB Capital Ltd |
Unaudited Financial Statements |
for the Period 25 October 2022 to 31 March 2023 |
TSB Capital Ltd (Registered number: 14441325) |
Contents of the Financial Statements |
for the Period 25 October 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
TSB Capital Ltd |
Company Information |
for the Period 25 October 2022 to 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
5 London Road |
Rainham |
Gillingham |
Kent |
ME8 7RG |
TSB Capital Ltd (Registered number: 14441325) |
Statement of Financial Position |
31 March 2023 |
Notes | £ |
CURRENT ASSETS |
Inventories |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
TSB Capital Ltd (Registered number: 14441325) |
Notes to the Financial Statements |
for the Period 25 October 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
TSB Capital Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Inventories |
Inventories are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads, not including any general administrative overheads, that have been incurred in bringing the inventories to their present location and condition. |
Net realisable value represents the estimated net selling price less estimated total costs of completion of the finished goods. |
Land held for development is recorded at the lower of direct cost and net realisable value. Direct cost comprises the cost of land, raw materials, development costs and interest but excludes indirect overheads. |
Financial instruments |
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
Basic financial instruments are recognised at amortised cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Other creditors |
TSB Capital Ltd (Registered number: 14441325) |
Notes to the Financial Statements - continued |
for the Period 25 October 2022 to 31 March 2023 |
5. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Satnam Property Ltd, a company incorporated in England and Wales whose registered office address is 3 - 5 London Road, Rainham, Gillingham, England, ME8 7RG. |