Company registration number 13686877 (England and Wales)
T BALL TRADING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
T BALL TRADING LIMITED
COMPANY INFORMATION
Directors
Ms Claire Taylor
Mr Jonathan Gain
Mr Daryl Hine
Secretary
Tricor Secretaries Limited
Company number
13686877
Registered office
C/O Stellar Asset Management Limited
20 Chapel Street
Liverpool
United Kingdom
L3 9AG
T BALL TRADING LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
2
Balance sheet
3
Notes to the financial statements
4 - 6
T BALL TRADING LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2023.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms Claire Taylor
Mr Jonathan Gain
Mr Daryl Hine
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption within Part 15 of the Companies Act 2006.

On behalf of the board
Ms Claire Taylor
Director
3 September 2024
T BALL TRADING LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Year
Period
ended
ended
31 December
31 December
2023
2022
£
£
Turnover
-
-
Administrative expenses
(390)
(817)
Operating loss
(390)
(817)
Gain/(loss) on investments
(28)
(85)
Loss before taxation
(418)
(902)
Tax on loss
-
0
-
0
Loss for the financial year
(418)
(902)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

The notes on pages 4 to 6 form an integral part of these financial statements.

T BALL TRADING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -
2023
2022
Notes
£
£
£
£
Fixed assets
Interests in partnerships
3
36,843
31,691
Current assets
Cash at bank and in hand
3,287
7,652
Net current assets
3,287
7,652
Net assets
40,130
39,343
Capital and reserves
Called up share capital
4
20,000
20,000
Share premium account
20,000
20,000
Revaluation reserve
5
1,450
245
Profit and loss reserves
(1,320)
(902)
Total equity
40,130
39,343

The notes on pages 4 to 6 form an integral part of these financial statements.

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 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 3 September 2024 and are signed on its behalf by:
Ms Claire Taylor
Director
Company Registration No. 13686877
T BALL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

T Ball Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Stellar Asset Management Limited, 20 Chapel Street, Liverpool, United Kingdom, L3 9AG.

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 certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Fixed assets

Classification

The company classifies its interests in partnerships as financial assets at fair value through profit or loss.

 

Recognition, derecognition and measurement

Purchases and deposits of the interests are recognised on the trade date - the date on which the company commits to purchase or sell the interest. Interests in partnerships at fair value through profit or loss are initially recognised at fair value.

 

Interests in partnerships are derecognised when the rights to receive cash flows from the interests have expired or the company has transferred substantially all risks and rewards of ownership.

 

Subsequent to initial recognition, all interests in partnerships at fair value through profit or loss are measured at fair value. Gains and losses arising from changes in the fair value of the financial assets are presented in the Statement of Comprehensive Income within fair value movements in the period in which they arise.

 

The partnerships in which the company invests in are not traded in an active market and their fair value is determined by using the Net Asset Value (NAV) of the partnerships at any given date, being the best estimate of the amount that the investment will realise. The directors believe that this is indicative of the fair value of the company's share of its interests in the partnerships.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

T BALL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.5
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was nil (2022: nil).

3
Fixed assets
2023
2022
£
£
Interests in partnerships
36,843
31,691
Movements in fixed assets
Interests in partnerships
£
Cost or valuation
At 1 January 2023
31,691
Additions
10,500
Valuation changes
1,205
Disposals
(6,553)
At 31 December 2023
36,843
Carrying amount
At 31 December 2023
36,843
At 31 December 2022
31,691
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 50p each
40,000
40,000
20,000
20,000
T BALL TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
5
Revaluation reserve
2023
2022
£
£
At the beginning of the year
245
-
0
Fair value adjustment to investments
1,205
245
At the end of the year
1,450
245
2023-12-312023-01-01falseCCH SoftwareCCH Accounts Production 2023.200Other professional, scientific and technical activities not elsewhere classified.
Ms Claire TaylorMr Jonathan GainMr Daryl HineTricor Secretaries Limited0
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