Company registration number:
03279337
Tonybwlch Limited
Unaudited financial statements
For the year ended
31 December 2023
Tonybwlch Limited
Contents
Statement of financial position
Notes to the financial statements
Tonybwlch Limited
Statement of financial position
31 December 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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|
|
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|
|
|
Fixed assets |
|
|
|
|
|
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|
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Investments |
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2 |
68,766 |
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88,778 |
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|
|
|
________ |
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________ |
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|
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|
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|
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68,766 |
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|
88,778 |
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|
|
|
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Current assets |
|
|
|
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|
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Debtors |
|
3 |
447,998 |
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|
|
447,998 |
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Cash at bank and in hand |
|
|
25,690 |
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|
1,415 |
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________ |
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________ |
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473,688 |
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449,413 |
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Creditors: amounts falling due |
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within one year |
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4 |
(
1,798) |
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(
1,372) |
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________ |
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________ |
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Net current assets |
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471,890 |
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448,041 |
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________ |
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________ |
Total assets less current liabilities |
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540,656 |
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536,819 |
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________ |
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________ |
Net assets |
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540,656 |
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536,819 |
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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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633,386 |
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|
633,386 |
Profit and loss account |
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(
92,730) |
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(
96,567) |
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|
|
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________ |
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|
________ |
Shareholders funds |
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|
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540,656 |
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536,819 |
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|
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________ |
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________ |
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For the 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.
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 income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 August 2024
, and are signed on behalf of the board by:
Mr E R Benedict
Director
Company registration number:
03279337
Tonybwlch Limited
Notes to the financial statements
Year ended 31 December 2023
1.
Accounting policies
Company information
The company is a private company limited by shares, registered in England and Wales, registration number
03279337
. The address of the registered office is 4 North View, Wimbledon, London, SW19 4UJ.
Basis of preparation
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'.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same financial statements.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
2.
Investments
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Other investments other than loans |
Total |
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£ |
£ |
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Cost or valuation |
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At 1 January 2023 |
88,778 |
88,778 |
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Disposals |
(
24,073) |
(
24,073) |
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Revaluations |
4,061 |
4,061 |
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________ |
________ |
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At 31 December 2023 |
68,766 |
68,766 |
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________ |
________ |
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Impairment |
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At 1 January 2023 and 31 December 2023 |
- |
- |
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________ |
________ |
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Carrying amount |
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At 31 December 2023 |
68,766 |
68,766 |
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________ |
________ |
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At 31 December 2022 |
88,778 |
88,778 |
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________ |
________ |
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3.
Debtors
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2023 |
2022 |
|
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£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
447,998 |
447,998 |
|
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|
________ |
________ |
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4.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Taxation and social security |
|
509 |
- |
|
Director loan accounts |
|
744 |
862 |
|
Other creditors |
|
545 |
510 |
|
|
|
________ |
________ |
|
|
|
1,798 |
1,372 |
|
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|
________ |
________ |
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5.
Controlling party
The ultimate parent undertaking is Benedict Group Holdings Limited, a company incorporated in England and Wales
.