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REGISTERED NUMBER: 06734872 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TPP (COVENTRY) LTD

TPP (COVENTRY) LTD (REGISTERED NUMBER: 06734872)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TPP (COVENTRY) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: N C Stevens
K J Wood





REGISTERED OFFICE: Number 3 Siskin Drive
Middlemarch Business Park
Coventry
West Midlands
CV3 4FJ





REGISTERED NUMBER: 06734872 (England and Wales)





AUDITORS: TGFP
Chartered Accountants & Statutory Auditors
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

TPP (COVENTRY) LTD (REGISTERED NUMBER: 06734872)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,666 3,569

CURRENT ASSETS
Debtors 5 26,937 67,403
Cash at bank and in hand 369,124 178,384
396,061 245,787
CREDITORS
Amounts falling due within one year 6 396,656 94,391
NET CURRENT (LIABILITIES)/ASSETS (595 ) 151,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,071

154,965

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 2,971 154,865
3,071 154,965

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





N C Stevens - Director


TPP (COVENTRY) LTD (REGISTERED NUMBER: 06734872)

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


1. STATUTORY INFORMATION

TPP (Coventry) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned members of the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


TPP (COVENTRY) LTD (REGISTERED NUMBER: 06734872)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The financial statements have been prepared on the going concern concept, on the basis that the company will continue to enjoy the support of its parent company for a period of no less than twelve months from the date of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 4,758
Additions 1,715
At 31 March 2023 6,473
DEPRECIATION
At 1 April 2022 1,189
Charge for year 1,618
At 31 March 2023 2,807
NET BOOK VALUE
At 31 March 2023 3,666
At 31 March 2022 3,569

TPP (COVENTRY) LTD (REGISTERED NUMBER: 06734872)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,937 66,149
Other debtors - 1,254
26,937 67,403

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 74,784 59,165
Amounts owed to group undertakings 215,000 -
Taxation and social security 23,693 -
Other creditors 83,179 35,226
396,656 94,391

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Benjamin R Reynolds (Senior Statutory Auditor)
for and on behalf of TGFP

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Stairways (Holdings) Limited, incorporated in England & Wales, which is the parent of the smallest and largest group preparing consolidated financial statements that include the company.