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REGISTERED NUMBER: 11769537 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

T-CUP LTD

T-CUP LTD (REGISTERED NUMBER: 11769537)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


T-CUP LTD

Company Information
for the year ended 31 January 2024







DIRECTORS: M F Allen
A W Harwood
L A Mears
L Storr-Meddings
E G Van Rooyen
R Van Rooyen





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 11769537 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
T-Cup Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T-Cup Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T-Cup Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T-Cup Ltd and state those matters that we have agreed to state to the Board of Directors of T-Cup Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T-Cup Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T-Cup Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T-Cup Ltd. You consider that T-Cup Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T-Cup Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


19 September 2024

T-CUP LTD (REGISTERED NUMBER: 11769537)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,560 26,022
Tangible assets 5 1,234 1,971
13,794 27,993

CURRENT ASSETS
Debtors 6 9,655 68,977
Cash at bank 55,835 7,010
65,490 75,987
CREDITORS
Amounts falling due within one year 7 204,113 79,402
NET CURRENT LIABILITIES (138,623 ) (3,415 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(124,829

)

24,578

CREDITORS
Amounts falling due after more than one
year

8

474,656

472,048
NET LIABILITIES (599,485 ) (447,470 )

CAPITAL AND RESERVES
Called up share capital 10 1,180 1,180
Share premium 399,820 399,820
Retained earnings (1,000,485 ) (848,470 )
SHAREHOLDERS' FUNDS (599,485 ) (447,470 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

T-CUP LTD (REGISTERED NUMBER: 11769537)

Balance Sheet - continued
31 January 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





E G Van Rooyen - Director


T-CUP LTD (REGISTERED NUMBER: 11769537)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

T-Cup Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the time of approving the financial statements, the directors have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. The directors will continue to financially support the company and thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the significant risks and rewards of the ownership of the goods have passed to the buyer (usually on dispatch of goods).

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently
measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the
acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably, the intangible asset arises from contractual or other legal rights, and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website and application development - 33.3% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


T-CUP LTD (REGISTERED NUMBER: 11769537)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

T-CUP LTD (REGISTERED NUMBER: 11769537)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 286,847
Additions 6,150
At 31 January 2024 292,997
AMORTISATION
At 1 February 2023 260,825
Charge for year 19,612
At 31 January 2024 280,437
NET BOOK VALUE
At 31 January 2024 12,560
At 31 January 2023 26,022

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 8,580
Additions 833
Disposals (883 )
At 31 January 2024 8,530
DEPRECIATION
At 1 February 2023 6,609
Charge for year 1,570
Eliminated on disposal (883 )
At 31 January 2024 7,296
NET BOOK VALUE
At 31 January 2024 1,234
At 31 January 2023 1,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,438 39,387
Other debtors 217 29,590
9,655 68,977

T-CUP LTD (REGISTERED NUMBER: 11769537)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,556 4,056
Taxation and social security 11,242 18,991
Other creditors 155,315 56,355
204,113 79,402

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 474,656 472,048

9. DEFERRED TAX
£   
Balance at 1 February 2023 (18,800 )
Accelerated capital allowances 18,800
Balance at 31 January 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,180 Ordinary £1 1,180 1,180

Deferred shares have no voting or dividend rights and are not redeemable.