Company Registration No. 01533091 (England and Wales)
TEMPMARK LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
TEMPMARK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TEMPMARK LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
166,168
166,168
Current assets
Cash at bank and in hand
405
495
Creditors: amounts falling due within one year
5
(8,468)
(7,666)
Net current liabilities
(8,063)
(7,171)
Total assets less current liabilities
158,105
158,997
Creditors: amounts falling due after more than one year
6
(12,687)
(15,896)
Net assets
145,418
143,101
Capital and reserves
Called up share capital
7
20,500
20,500
Capital redemption reserve
126,913
123,704
Profit and loss reserves
(1,995)
(1,103)
Total equity
145,418
143,101

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 September 2024 and are signed on its behalf by:
N J Smith
Director
Company registration number 01533091 (England and Wales)
TEMPMARK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Tempmark Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kensington Works, Hallam Fields Road, Ilkeston, Derbyshire, DE7 4AZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

TEMPMARK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
166,168
166,168

Fixed asset investments relate to an investment in subsidiary, F.F. Allsopp & Co. Limited, a company incorporated in England, comprising a holding of 100% of issued ordinary share capital. The principal activity of the company continued to be that of bookbinding.

5
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
8,468
7,666
TEMPMARK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
12,687
15,896
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
20,500
20,500
20,500
20,500
2023
2022
2023
2022
Preference share capital
Number
Number
£
£
Issued and fully paid
Redeemable cumulative 'B' preference shares of £1 each
15,896
15,896
15,896
15,896
Preference shares classified as liabilities
15,896
15,896

The ordinary shares are entitled to one vote for every £1 nominal amount of shares in the capital of the Company but have no rights to dividends. The Ordinary share return of assets on liquidation or otherwise the surplus assets of the Company remaining after the payment if its liabilities shall be applied, second in paying to the holders of the Ordinary shares the sum of £1 per share and the balance of such assets shall belong to and be distributed amongst the holders of the ordinary shares. The shares are not liable to be redeemed.

The Redeemable cumulative 'B' preference shares are entitled to a fixed cumulative preferential dividend of 11p per annum on each share in priority to any other class of share but are not entitled to vote. The Redeemable cumulative 'B' preference shares return of assets on liquidation or otherwise the surplus assets of the Company remaining after the payment if its liabilities shall be applied, first in paying to the holders of the Redeemable cumulative 'B' preference shares the subscription price per share together with a equal sum to any arrears, deficiency or accruals to the holders of the Redeemable cumulative 'B' preference shares not less than 3 months previous notice in writing of its intention to do so, redeem all or any part of such shares.

At the Balance sheet date the payment of preference dividends have been suspended with the agreement of the preference shareholders. The shares are redeemable by the Company giving not less than 3 months notice of its intention to do so. The preference shares have been classified as financial liabilities are presented within creditors in the Balance Sheet.

8
Parent company

F F Allsopp Holdings Limited is the ultimate controlling party.

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