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Registered number: 9626738
Telebizz Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
PJM Accountancy
Chartered Accountants
Grovetown Barn
Yeolmbridge
Launceston
Cornwall
PL15 8NH
Contents
Page
Accountants' Report 1
Balance Sheet 2
Statement of Changes in Equity 3
Notes to the Financial Statements 4
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Telebizz Holdings Limited For The Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Telebizz Holdings Limited For The Year Ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Telebizz Holdings Limited , as a body, in accordance with the terms of our engagement letter dated 20 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Telebizz Holdings Limited and state those matters that we have agreed to state to the directors of Telebizz Holdings Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Telebizz Holdings Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Telebizz Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Telebizz Holdings Limited . You consider that Telebizz Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Telebizz Holdings Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
22 August 2024
PJM Accountancy
Chartered Accountants
Grovetown Barn
Yeolmbridge
Launceston
Cornwall
PL15 8NH
Page 1
Page 2
Balance Sheet
Registered number: 9626738
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,010,000 2,010,000
2,010,000 2,010,000
TOTAL ASSETS LESS CURRENT LIABILITIES 2,010,000 2,010,000
NET ASSETS 2,010,000 2,010,000
CAPITAL AND RESERVES
Called up share capital 5 125 125
Share premium account 1,249,875 1,249,875
Profit and Loss Account 760,000 760,000
SHAREHOLDERS' FUNDS 2,010,000 2,010,000
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Bullock
Director
22 August 2024
The notes on page 4 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 April 2022 125 1,249,875 760,000 2,010,000
Profit for the year and total comprehensive income - - 281,200 281,200
Dividends paid - - (281,200) (281,200)
As at 31 March 2023 and 1 April 2023 125 1,249,875 760,000 2,010,000
Profit for the year and total comprehensive income - - 288,700 288,700
Dividends paid - - (288,700) (288,700)
As at 31 March 2024 125 1,249,875 760,000 2,010,000
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Telebizz Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9626738 . The registered office is 3 Eastern Wood Road, Langage Business Park, Plympton, Devon, PL7 5ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investments
Investments in subsidiary undertakings are measured at cost less any accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 April 2023 2,010,000
As at 31 March 2024 2,010,000
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 2,010,000
As at 1 April 2023 2,010,000
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 125 125
6. Ultimate Controlling Party
The company's ultimate controlling party is NB & CB Holdings Ltd by virtue of their ownership of 100% of the issued share capital in the company.
Page 4