Company No:
Contents
DIRECTORS | Mr S Loram (Appointed 14 May 2024) |
Mr D Loram (Appointed 14 May 2024) | |
Mr I D Loram |
REGISTERED OFFICE | Sigma House Oak View Close |
Edginswell Park | |
Torquay | |
TQ2 7FF | |
United Kingdom |
COMPANY NUMBER | 11034371 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Sigma House | |
Oak View Close | |
Edginswell Park | |
Torquay | |
TQ2 7FF |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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915,100 | 915,100 | |||
Creditors: amounts falling due within one year | 4 | (
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(
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Net current liabilities | (4,575) | (4,575) | ||
Total assets less current liabilities | 910,525 | 910,525 | ||
Creditors: amounts falling due after more than one year | 5 | (
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(
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Net assets |
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|
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Capital and reserves | ||||
Called-up share capital | 6 |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of T and I Stockman Holdings Limited (registered number:
Mr I D Loram
Director |
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.
T and I Stockman Holdings 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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF.
The principal place of business is 17 Holwell Road, Brixham, Devon, TQ5 9NE.
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 £.
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.
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.
Interest income on debt securities, where applicable, is recognised as income using the effective interest method. Dividends on equity securities are recognised as income when receivable.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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2024 | 2023 | ||
£ | £ | ||
Subsidiary undertakings |
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2024 | 2023 | ||
£ | £ | ||
Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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|
|
|
|
|
|
|
915,100 | 915,100 |
In addition, during 2021, further preference shares which are also redeemable at the company's option and carry a coupon of 0.05% were issued. As such, these preference shares also comprise an equity and a liability element, with a further £475,000 being recognised as capital and £25,000 being recognised as a liability.