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Company No: 11482976 (England and Wales)

TCI LEGAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

TCI LEGAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

TCI LEGAL LIMITED

BALANCE SHEET

As at 31 July 2023
TCI LEGAL LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
2023 2022
£ £
Current assets
Debtors 3 113,340 60,004
Cash at bank and in hand 38,979 19,817
152,319 79,821
Creditors: amounts falling due within one year 4 ( 199,307) ( 195,019)
Net current liabilities (46,988) (115,198)
Total assets less current liabilities (46,988) (115,198)
Net liabilities ( 46,988) ( 115,198)
Capital and reserves
Called-up share capital 4 4
Profit and loss account ( 46,992 ) ( 115,202 )
Total shareholder's deficit ( 46,988) ( 115,198)

For the financial year ending 31 July 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 financial statements of TCI Legal Limited (registered number: 11482976) were approved and authorised for issue by the Director on 30 July 2024. They were signed on its behalf by:

J S Payne
Director
TCI LEGAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
TCI LEGAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TCI Legal Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 1 Lansdowne Place, 17 Holdenhurst Road, Bournemouth, Dorset, BH8 8EW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £46,988. The Company is supported by companies in which the shareholder has investments. The shareholder has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2023 2022
£ £
Amounts owed by related parties 113,336 60,000
Other debtors 4 4
113,340 60,004

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to related parties 146,048 140,848
Accruals 2,628 2,340
Other taxation and social security 631 631
Other creditors 50,000 51,200
199,307 195,019