1 July 2023 false No description of principal activity Taxfiler 2024.1 10578946business:PrivateLimitedCompanyLtd2023-07-012023-12-31 105789462023-06-30 105789462023-07-012023-12-31 10578946business:AuditExemptWithAccountantsReport2023-07-012023-12-31 10578946business:FilletedAccounts2023-07-012023-12-31 105789462023-12-31 10578946business:Director12023-07-012023-12-31 10578946business:Director22023-07-012023-12-31 10578946business:RegisteredOffice2023-07-012023-12-31 105789462023-06-30 10578946core:WithinOneYear2023-12-31 10578946core:WithinOneYear2023-06-30 10578946core:AfterOneYear2023-12-31 10578946core:AfterOneYear2023-06-30 10578946core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10578946core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10578946core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10578946core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10578946core:PreviouslyStatedAmount2023-12-31 10578946core:PreviouslyStatedAmount2023-06-30 10578946business:SmallEntities2023-07-012023-12-31 10578946countries:EnglandWales2023-07-012023-12-31 10578946core:MotorVehicles2023-07-012023-12-31 10578946core:ComputerEquipment2023-07-012023-12-31 10578946core:MotorVehicles2023-06-30 10578946core:ComputerEquipment2023-06-30 10578946core:MotorVehicles2023-12-31 10578946core:ComputerEquipment2023-12-31 105789462022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10578946 (England and Wales)
TMG Holdings (SW) Limited Unaudited accounts for the period from 1 July 2023 to 31 December 2023
TMG Holdings (SW) Limited Unaudited accounts Contents
Page
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TMG Holdings (SW) Limited Company Information for the period from 1 July 2023 to 31 December 2023
Directors
Mr C Knapman Mrs L Knapman
Company Number
10578946 (England and Wales)
Registered Office
Down Horn Farm Horn Lane Plymouth Devon PL9 9BR England
Accountants
Sean Clarke Accountancy 7 Southbrook Road Bovey Tracey Devon TQ13 9YZ
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TMG Holdings (SW) Limited Statement of financial position as at 31 December 2023
31/12/2023 
30/06/2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,334 
17,583 
Investment property
1,412,792 
1,421,278 
Investments
179 
179 
1,428,305 
1,439,040 
Current assets
Debtors
37,974 
36,058 
Cash at bank and in hand
10,327 
3,428 
48,301 
39,486 
Creditors: amounts falling due within one year
(377,236)
(392,160)
Net current liabilities
(328,935)
(352,674)
Total assets less current liabilities
1,099,370 
1,086,366 
Creditors: amounts falling due after more than one year
(936,150)
(913,909)
Net assets
163,220 
172,457 
Capital and reserves
Called up share capital
179 
179 
Profit and loss account
163,041 
172,278 
Shareholders' funds
163,220 
172,457 
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2023 and were signed on its behalf by
Mr C Knapman Director Company Registration No. 10578946
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TMG Holdings (SW) Limited Notes to the Accounts for the period from 1 July 2023 to 31 December 2023
1
Statutory information
TMG Holdings (SW) Limited is a private company, limited by shares, registered in England and Wales, registration number 10578946. The registered office is Down Horn Farm, Horn Lane, Plymouth, Devon, PL9 9BR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Over 5 years
Computer equipment
25% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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TMG Holdings (SW) Limited Notes to the Accounts for the period from 1 July 2023 to 31 December 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
27,425 
1,349 
28,774 
At 31 December 2023
27,425 
1,349 
28,774 
Depreciation
At 1 July 2023
10,411 
780 
11,191 
Charge for the period
2,154 
95 
2,249 
At 31 December 2023
12,565 
875 
13,440 
Net book value
At 31 December 2023
14,860 
474 
15,334 
At 30 June 2023
17,014 
569 
17,583 
5
Investment property
31/12/2023 
£ 
Fair value at 1 July 2023
1,421,278 
Net loss from fair value adjustments
(8,486)
At 31 December 2023
1,412,792 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
179 
Valuation at 31 December 2023
179 
7
Debtors
31/12/2023 
30/06/2023 
£ 
£ 
Amounts falling due within one year
Other debtors
37,974 
36,058 
8
Creditors: amounts falling due within one year
31/12/2023 
30/06/2023 
£ 
£ 
Bank loans and overdrafts
3,780 
3,780 
VAT
(11,418)
(11,747)
Obligations under finance leases and hire purchase contracts
3,676 
3,676 
Amounts owed to group undertakings and other participating interests
244,148 
258,148 
Other creditors
3,795 
3,500 
Loans from directors
133,255 
134,803 
377,236 
392,160 
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TMG Holdings (SW) Limited Notes to the Accounts for the period from 1 July 2023 to 31 December 2023
9
Creditors: amounts falling due after more than one year
31/12/2023 
30/06/2023 
£ 
£ 
Bank loans
922,314 
898,235 
Obligations under finance leases and hire purchase contracts
13,836 
15,674 
936,150 
913,909 
10
Average number of employees
During the period the average number of employees was 0 (30/06/2023: 0).
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