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Company registration number: 08812582
Thelyse Limited
Information for filing with the registrar
31 March 2024
Thelyse Limited
Contents
Abridged statement of financial position
Notes to the financial statements
Thelyse Limited
Abridged statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 4 335 335
_______ _______
335 335
Current assets
Debtors 42 42
_______ _______
42 42
Net current assets 42 42
_______ _______
Total assets less current liabilities 377 377
_______ _______
Net assets 377 377
_______ _______
Capital and reserves
Called up share capital 5 335 335
Profit and loss account 42 42
_______ _______
Shareholders funds 377 377
_______ _______
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.
Director's 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 director acknowledges 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 abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 14 September 2024 , and are signed on behalf of the board by:
Mrs Joan Lewis
Director
Company registration number: 08812582
Thelyse Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in the UK. The address of the registered office is 7 Bell Yard, London, England, WC2A 2JR.
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.
4. Investments
£
Cost
At 1 April 2023 and 31 March 2024 335
_______
Impairment
At 1 April 2023 and 31 March 2024 -
_______
Carrying amount
At 31 March 2024 335
_______
At 31 March 2023 335
_______
5. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Amounts presented in equity:
Ordinary A shares of £ 1.00 each 75 75 75 75
Ordinary B shares of £ 1.00 each 258 258 258 258
Ordinary C shares of £ 1.00 each 1 1 1 1
Ordinary D shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______
335 335 335 335
_______ _______ _______ _______
Amounts presented in liabilities:
Ordinary A shares of £ 1.00 each 75 75 75 75
Ordinary B shares of £ 1.00 each 258 258 258 258
Ordinary C shares of £ 1.00 each 1 1 1 1
Ordinary D shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______
335 335 335 335
_______ _______ _______ _______
6. Related party transactions
During the year the company received a total of Nil (2023 : £8,250) dividends from its wholly owned subsidiary, Olmex Limited. At the year end the company was owed £42 (2023 : £42) from Olmex Limited.
7. Controlling party
Trustees of the Salter Discretionary Settlement is the controlling party by virtue of their shareholdings in the company.