IRIS Accounts Production v23.3.0.418 10604302 director 1.3.22 28.2.23 28.2.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106043022022-02-28106043022023-02-28106043022022-03-012023-02-28106043022021-02-28106043022021-03-012022-02-28106043022022-02-2810604302ns10:Originalns15:EnglandWales2022-03-012023-02-2810604302ns14:PoundSterlingns10:Original2022-03-012023-02-2810604302ns10:Originalns10:Director12022-03-012023-02-2810604302ns10:Original2022-03-012023-02-2810604302ns10:Original2023-02-2810604302ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2810604302ns10:Originalns10:SmallEntities2022-03-012023-02-2810604302ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2810604302ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2810604302ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2810604302ns10:Originalns10:FullAccounts2022-03-012023-02-2810604302ns10:Original2021-03-012022-02-2810604302ns10:Originalns10:RegisteredOffice2022-03-012023-02-2810604302ns10:Original2022-02-2810604302ns10:Originalns5:CurrentFinancialInstruments2023-02-2810604302ns10:Originalns5:CurrentFinancialInstruments2022-02-2810604302ns5:ShareCapitalns10:Original2023-02-2810604302ns5:ShareCapitalns10:Original2022-02-2810604302ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2810604302ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2810604302ns10:Originalns5:CostValuation2022-02-2810604302ns10:Originalns5:RevaluationsIncreaseDecreaseInInvestments2023-02-2810604302ns10:Originalns5:CostValuation2023-02-28
REGISTERED NUMBER: 10604302 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

TEVACOM PARTICIPATIONS LTD

TEVACOM PARTICIPATIONS LTD (REGISTERED NUMBER: 10604302)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TEVACOM PARTICIPATIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A Constantinides





REGISTERED OFFICE: 869 High Road
North Finchley
London
N12 8QA





REGISTERED NUMBER: 10604302 (England and Wales)






TEVACOM PARTICIPATIONS LTD (REGISTERED NUMBER: 10604302)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 786,049 740,450

CREDITORS
Amounts falling due within one year 5 44,542 40,043
NET CURRENT LIABILITIES (44,542 ) (40,043 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,507

700,407

PROVISIONS FOR LIABILITIES 196,512 140,685
NET ASSETS 544,995 559,722

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 543,995 558,722
SHAREHOLDERS' FUNDS 544,995 559,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





A Constantinides - Director


TEVACOM PARTICIPATIONS LTD (REGISTERED NUMBER: 10604302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Tevacom Participations 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.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis as the director is satisfied that the
company will have adequate resources to meet its liabilities to third parties as they fall due.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Tevacom Participations Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

INVESTMENTS IN SUBSIDIARIES
Investment in subsidiary undertakings are recognised at fair value.

TAXATION
Taxation for the year 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

TEVACOM PARTICIPATIONS LTD (REGISTERED NUMBER: 10604302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 March 2022 740,450
Revaluations 45,599
At 28 February 2023 786,049
NET BOOK VALUE
At 28 February 2023 786,049
At 28 February 2022 740,450

Cost or valuation at 28 February 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 764,447
Cost 21,602
786,049

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 44,542 40,043

6. RELATED PARTY DISCLOSURES

Included in creditors amounts falling due within one year, is a shareholders loan of £40,042 (2022: £36,442) due to Mr T Roumpas where no interest has been charged.

7. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of Mr T Roumpas by virtue of his shareholdings.