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No description of principal activities is disclosed
2022-12-01
Sage Accounts Production 23.0 - FRS102_2023
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11996886
2022-12-01
2023-11-30
11996886
2023-11-30
11996886
2022-11-30
11996886
2021-12-01
2022-11-30
11996886
2022-11-30
11996886
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11996886
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2022-12-01
2023-11-30
11996886
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2023-11-30
11996886
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2022-11-30
11996886
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2022-11-30
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2022-11-30
11996886
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2023-11-30
Company registration number:
11996886
Tullett Holdings Limited
Unaudited filleted financial statements
30 November 2023
Tullett Holdings Limited
Contents
Statement of financial position
Notes to the financial statements
Tullett Holdings Limited
Statement of financial position
30 November 2023
|
|
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
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Investments |
|
4 |
107,448 |
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|
107,448 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
107,448 |
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|
107,448 |
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|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
5 |
100 |
|
|
|
100 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
100 |
|
|
|
100 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
107,433) |
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|
|
(
103,265) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current liabilities |
|
|
|
|
(
107,333) |
|
|
|
(
103,165) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
115 |
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4,283 |
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Creditors: amounts falling due |
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|
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|
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after more than one year |
|
7 |
|
|
- |
|
|
|
(
3,088) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
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|
|
|
115 |
|
|
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1,195 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
15 |
|
|
|
1,095 |
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|
|
|
|
_______ |
|
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|
_______ |
Shareholders funds |
|
|
|
|
115 |
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|
|
1,195 |
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|
_______ |
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_______ |
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 July 2024
, and are signed on behalf of the board by:
Mr S Tullett
Director
Company registration number:
11996886
Tullett Holdings Limited
Notes to the financial statements
Year ended 30 November 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pond Lane, Durrington, Worthing, West Sussex, BN13 2RH.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Investments
|
|
Shares in group undertakings and participating interests |
Total |
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|
£ |
£ |
|
|
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Cost |
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At 1 December 2022 and 30 November 2023 |
107,448 |
107,448 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
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|
Impairment |
|
|
|
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At 1 December 2022 and 30 November 2023 |
- |
- |
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|
|
|
|
|
_______ |
_______ |
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|
|
|
|
Carrying amount |
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At 30 November 2023 |
107,448 |
107,448 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 November 2022 |
107,448 |
107,448 |
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|
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|
_______ |
_______ |
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Investments in undertakings in which the company has a participating interest |
|
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Registered office |
Class of share |
Percentage of shares held |
|
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Participating interest |
|
|
|
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|
Tullett Plant & Commercial Services Ltd |
|
Pond Lane, Durrington, Worthing, West Sussex, BN13 2RH |
Ordinary |
28 |
|
|
|
|
|
|
|
|
|
|
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|
5.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
100 |
100 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other loans |
|
- |
32,679 |
|
Amounts owed to undertakings in which the company has a participating interest |
|
107,433 |
70,586 |
|
|
|
_______ |
_______ |
|
|
|
107,433 |
103,265 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other loans |
|
- |
3,088 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Related party transactions
At 30 November 2022, the company owed an amount totalling £107,433 (2022 - £70,586) to Tullett Plant & Commercial Services Limited, a business in which the company has a participating interest and in which the directors own 50% of the ordinary share capital.
9.
Controlling party
The company is under the control of
Mr S Tullett
.