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
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
TMG Holdings (SW) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
15,334
17,583
Investment property
1,412,792
1,421,278
Cash at bank and in hand
10,327
3,428
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
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
TMG Holdings (SW) Limited
Notes to the Accounts
for the period from 1 July 2023 to 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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
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
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
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
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
10
Average number of employees
During the period the average number of employees was 0 (30/06/2023: 0).