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REGISTERED NUMBER: 11630560 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

TS UK HOLDINGS LIMITED

TS UK HOLDINGS LIMITED (REGISTERED NUMBER: 11630560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TS UK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Dr G Binder





SECRETARY: J Parker





REGISTERED OFFICE: Studio 1
Ground Floor, Battersea Studios 2
82 Silverthorne Road
London
SW8 3HE





REGISTERED NUMBER: 11630560 (England and Wales)





AUDITORS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

TS UK HOLDINGS LIMITED (REGISTERED NUMBER: 11630560)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 255,100 255,100

CURRENT ASSETS
Debtors 5 3,775 911
Cash at bank 1,861 4,082
5,636 4,993
CREDITORS
Amounts falling due within one year 6 (1,924 ) (934 )
NET CURRENT ASSETS 3,712 4,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,812

259,159

CREDITORS
Amounts falling due after more than one
year

7

(260,000

)

(260,000

)
NET LIABILITIES (1,188 ) (841 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,288 ) (941 )
(1,188 ) (841 )

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 7 November 2023 and were signed by:





Dr G Binder - Director


TS UK HOLDINGS LIMITED (REGISTERED NUMBER: 11630560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

TS UK Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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).

4. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 100 100
Loans to group undertakings 255,000 255,000
255,100 255,100

TS UK HOLDINGS LIMITED (REGISTERED NUMBER: 11630560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 30 June 2022 100
Loans to
group
undertakings
£   
At 1 July 2022
and 30 June 2023 255,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,775 911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,924 934

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 260,000 260,000

The group loan is a loan from TSJ Holding Gesellschaft m.b.H, , this company's parent company, of £260,000. This loan, which is unsecured and carried an interest rate of 2.961% for the year ended 30th June 2023, and 6.145% for the current year , is stated to be subordinated to all other creditors of the company and is only repayable out of future profits.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen William Evans (Senior Statutory Auditor)
for and on behalf of William Evans & Partners

TS UK HOLDINGS LIMITED (REGISTERED NUMBER: 11630560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. ULTIMATE CONTROLLING PARTY

TS UK Holdings Limited is a member of the Thomas Sabo group. TSJ Holding Gesellschaft m.b.H., a private company limited by shares and registered in Austria, is the immediate parent company The ultimate parent company is TS Unternehmens- und Beteiligungs GmbH, registered in Germany, which has a majority beneficial interest in the Thomas Sabo group of companies.

10. GOING CONCERN

In the year under review the company incurred a loss of £347 ( 2022: £291) and at 30th June 2023 had a deficit of £1,188 ( 2022: £841).

The director has prepared these financial statements on the going concern basis as the company has a loan from its holding company of £260,000 which is only repayable out of future profits. Therefore the director expects the company to continue operating after its usual fashion for the foreseeable future.