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Company registration number: 8184207
Tectona Partnership Limited
Unaudited filleted financial statements
31 December 2023
Tectona Partnership Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Tectona Partnership Limited
Directors and other information
Director M Nicholls
Company number 8184207
Registered office Hammond Cottage
Wick Street
Stroud
Gloucestershire
GL6 7QN
Business address Hammond Cottage
Wick Street
Stroud
Gloucestershire
GL6 7QN
Tectona Partnership Limited
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 33,642 28,224
Cash at bank and in hand 15,942 14,145
_______ _______
49,584 42,369
Creditors: amounts falling due
within one year 6 ( 41,421) ( 78,023)
_______ _______
Net current assets/(liabilities) 8,163 ( 35,654)
_______ _______
Total assets less current liabilities 8,163 ( 35,654)
_______ _______
Net assets/(liabilities) 8,163 ( 35,654)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,063 ( 35,754)
_______ _______
Shareholder funds/(deficit) 8,163 ( 35,654)
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
M Nicholls
Director
Company registration number: 8184207
Tectona Partnership Limited
Statement of changes in equity
Year ended 31 December 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2022 100 ( 62,251) ( 62,151)
Profit for the year 26,497 26,497
_______ _______ _______
Total comprehensive income for the year - 26,497 26,497
_______ _______ _______
At 31 December 2022 and 1 January 2023 100 ( 35,754) ( 35,654)
Profit for the year 45,817 45,817
_______ _______ _______
Total comprehensive income for the year - 45,817 45,817
Dividends paid and payable ( 2,000) ( 2,000)
_______ _______ _______
Total investments by and distributions to owners - ( 2,000) ( 2,000)
_______ _______ _______
At 31 December 2023 100 8,063 8,163
_______ _______ _______
Tectona Partnership Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hammond Cottage, Wick Street, Stroud, Gloucestershire, GL6 7QN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Debtors
2023 2022
£ £
Trade debtors 33,552 28,224
Other debtors 90 -
_______ _______
33,642 28,224
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 20,469 17,798
Corporation tax 4,951 -
Social security and other taxes 8,834 9,017
Other creditors 7,167 51,208
_______ _______
41,421 78,023
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
M Nicholls ( 48,297) - 42,210 ( 6,087)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
M Nicholls ( 64,447) ( 5,850) 22,000 ( 48,297)
_______ _______ _______ _______