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REGISTERED NUMBER: 05058792 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TEMPTATIONS T2 LIMITED

TEMPTATIONS T2 LIMITED (REGISTERED NUMBER: 05058792)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEMPTATIONS T2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Hajiyianni





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 05058792 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

TEMPTATIONS T2 LIMITED (REGISTERED NUMBER: 05058792)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,953 5,606

CURRENT ASSETS
Stocks 5 1,785 1,625
Debtors 6 673,508 628,041
Cash at bank and in hand 15,097 27,673
690,390 657,339
CREDITORS
Amounts falling due within one year 7 81,628 72,283
NET CURRENT ASSETS 608,762 585,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,715

590,662

CREDITORS
Amounts falling due after more than one
year

8

32,340

42,051
NET ASSETS 592,375 548,611

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 591,375 547,611
SHAREHOLDERS' FUNDS 592,375 548,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

TEMPTATIONS T2 LIMITED (REGISTERED NUMBER: 05058792)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 16 November 2023 and were signed by:





M Hajiyianni - Director


TEMPTATIONS T2 LIMITED (REGISTERED NUMBER: 05058792)

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


1. STATUTORY INFORMATION

Temptations T2 Limited 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.

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.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants represents income received in the form of the Job Retention Scheme (JRS), small business grant fund (SBGF) received from the Government during the COVID-19 pandemic. The Government Grant also represents the first year of interest for the company on the Bounce Back Loan (BBL) it received during the year.

The grants are recognised on the accruals basis in the same period as the expenditure that it is expected to compensate for.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

TEMPTATIONS T2 LIMITED (REGISTERED NUMBER: 05058792)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Equipment Totals
£    £    £    £   
COST
At 1 April 2022 84,983 148,866 66,454 300,303
Additions 9,786 4,909 970 15,665
At 31 March 2023 94,769 153,775 67,424 315,968
DEPRECIATION
At 1 April 2022 84,504 144,393 65,800 294,697
Charge for year 2,567 2,345 406 5,318
At 31 March 2023 87,071 146,738 66,206 300,015
NET BOOK VALUE
At 31 March 2023 7,698 7,037 1,218 15,953
At 31 March 2022 479 4,473 654 5,606

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 1,785 1,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amount owed from related company 668,308 627,031
Prepayments 5,200 1,010
673,508 628,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 48,552 43,236
Tax 7,731 7,332
Social security and other taxes (173 ) 1,965
VAT 13,655 11,875
Amount owed to related companies 7,000 6,000
Accrued expenses 4,863 1,875
81,628 72,283

TEMPTATIONS T2 LIMITED (REGISTERED NUMBER: 05058792)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 32,340 42,051

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 32,340 42,051

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RELATED PARTY DISCLOSURES

During the period the company paid rent of £24,000 (2022: £30,000) to Pinebrow Limited a company of which Mr M Hajiyianni and Mr C Hajiyianni are also directors and shareholders.

Included in debtors, are amounts owed by the following companies in which the directors are the majority shareholders.
2023 2022
£    £   
Temptations T3 Ltd 659,144 617,867
Morgans Brasserie & Bars Ltd 7,964 7,964
Mill Bay Marina Restaurant Ltd 1,200 1,200




Included in creditors are amounts owed to the following companies in which the directors are the majority shareholders.
2023 2022
£    £   
Pinebrow Ltd 7,000 6,000




12. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who together own 100% of the issued ordinary share capital.