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REGISTERED NUMBER: 09872326 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

TGUK HOLDINGS LTD

TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TGUK HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A R Bell
Mrs J Bell
Mr R J Bell
Mrs K Bell





REGISTERED OFFICE: Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ





REGISTERED NUMBER: 09872326 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 233 -
Tangible assets 6 8,537 11,382
Investments 7 1,100 1,100
9,870 12,482

CURRENT ASSETS
Debtors 8 387,984 405,426
Cash at bank - 16,033
387,984 421,459
CREDITORS
Amounts falling due within one year 9 320,481 343,638
NET CURRENT ASSETS 67,503 77,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,373

90,303

CREDITORS
Amounts falling due after more than
one year

10

(75,000

)

(75,000

)

PROVISIONS FOR LIABILITIES 11 (1,412 ) (1,907 )
NET ASSETS 961 13,396

CAPITAL AND RESERVES
Called up share capital 12 600 600
Retained earnings 361 12,796
SHAREHOLDERS' FUNDS 961 13,396

TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

BALANCE SHEET - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 May 2024 and were signed on its behalf by:





Mr A R Bell - Director


TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

TGUK Holdings Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is made up of management charges excluding value added tax and other sales taxes. This is measured at the fair value of the consideration received or receivable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

All fixed assets are initially recorded at cost.

Investments in associates
Investments in associate undertakings are recognised at cost less impairment.

TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. INTANGIBLE FIXED ASSETS
Patents
£   
COST
At 1 January 2023 29,561
Additions 237
At 31 December 2023 29,798
AMORTISATION
At 1 January 2023 29,561
Amortisation for year 4
At 31 December 2023 29,565
NET BOOK VALUE
At 31 December 2023 233
At 31 December 2022 -

TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 48,205
DEPRECIATION
At 1 January 2023 36,823
Charge for year 2,845
At 31 December 2023 39,668
NET BOOK VALUE
At 31 December 2023 8,537
At 31 December 2022 11,382

7. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 1,100
NET BOOK VALUE
At 31 December 2023 1,100
At 31 December 2022 1,100

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 387,114 404,010
Other debtors 870 1,416
387,984 405,426

TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 171 -
Trade creditors 262 -
Corporation tax 3,083 1,268
VAT 1,628 3,013
Other creditors 44,649 36,317
Directors' current accounts 267,480 279,573
Accruals and deferred income 3,208 23,467
320,481 343,638

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 75,000 75,000

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,412 1,907

Deferred
tax
£   
Balance at 1 January 2023 1,907
Provided during year (495 )
Balance at 31 December 2023 1,412

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary A £1 200 200
200 Ordinary B £1 200 200
200 Ordinary C £1 200 200
600 600

TGUK HOLDINGS LTD (REGISTERED NUMBER: 09872326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


13. RELATED PARTY DISCLOSURES

At the balance sheet date there is a loan owed from a company in which TGUK Holdings Ltd has a participating interest, of £329,294 (2022: £372,431).

Amounts were owed at the balance sheet date from a company which holds a participating interest in TGUK Holdings Ltd of £57,820 (2022: £31,579).

There is also an amount owing to another company which holds a participating interest in TGUK Holdings Ltd of £19,649 (2022: £11,317).

The loans are interest free and repayable on demand.