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Company No: 04969963 (England and Wales)

TELLUS GROUP LIMITED

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

TELLUS GROUP LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

TELLUS GROUP LIMITED

BALANCE SHEET

As at 31 December 2023
TELLUS GROUP LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 997 997
997 997
Current assets
Debtors 4 176,397 40,460
Cash at bank and in hand 93,353 0
269,750 40,460
Creditors: amounts falling due within one year 5 ( 274,575) ( 40,958)
Net current liabilities (4,825) (498)
Total assets less current liabilities (3,828) 499
Net (liabilities)/assets ( 3,828) 499
Capital and reserves
Called-up share capital 6 1,000 1,000
Profit and loss account ( 4,828 ) ( 501 )
Total shareholder's (deficit)/funds ( 3,828) 499

For the financial 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 financial statements of Tellus Group Limited (registered number: 04969963) were approved and authorised for issue by the Director on 01 August 2024. They were signed on its behalf by:

Mr N A Pick
Director
TELLUS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
TELLUS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Tellus Group 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 C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, Devon, PL1 3RP, United Kingdom.

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 has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 997
At 31 December 2023 997
Carrying value at 31 December 2023 997
Carrying value at 31 December 2022 997

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.12.2023
Ownership
31.12.2022
Tellus Education Group Limited England and Wales consultancy, training and development Ordinary 100.00% 100.00%
Sarl Tellus France France consultancy, training and development actions ordinaires 100.00% 100.00%
Tellus Spain SI Spain consultancy, training and development acciones ordinarias 98.00% 98.00%
Tellus Languages Abroad Limited England and Wales dormant company Ordinary 0.00% 100.00%

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 176,397 40,460

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 0 103
Trade creditors 3,720 0
Other creditors 270,855 40,855
274,575 40,958

The other creditor of £230,000 (PY - £nil) is an obligation to deliver shares to the value of £230,000 within the next year. It will be settled in shares, not cash, so does not impact cash flow.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100,000 Ordinary A shares of £ 0.01 each 1,000 1,000