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REGISTERED NUMBER: 11479428 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TMB VENTURES UK LTD

TMB VENTURES UK LTD (REGISTERED NUMBER: 11479428)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TMB VENTURES UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M H Wyatt
Mrs R A Wyatt





SECRETARY: Mrs R A Wyatt





REGISTERED OFFICE: 11 Mecroft Road
Tackley
Kidlington
Oxfordshire
OX5 3AH





REGISTERED NUMBER: 11479428 (England and Wales)





ACCOUNTANTS: BENEDICTS
873 High Road
North Finchley
London
N12 8QA

TMB VENTURES UK LTD (REGISTERED NUMBER: 11479428)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 521,069
Investment property 5 602,000 -
602,000 521,069

CURRENT ASSETS
Debtors 6 3,600 7,430
Cash at bank 3,074 4,039
6,674 11,469
CREDITORS
Amounts falling due within one year 7 4,807 3,839
NET CURRENT ASSETS 1,867 7,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,867

528,699

CREDITORS
Amounts falling due after more than one
year

8

(503,348

)

(472,961

)

PROVISIONS FOR LIABILITIES (18,513 ) (10,643 )
NET ASSETS 82,006 45,095

TMB VENTURES UK LTD (REGISTERED NUMBER: 11479428)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 78,925 46,266
Retained earnings 11 2,981 (1,271 )
SHAREHOLDERS' FUNDS 82,006 45,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 10 September 2024 and were signed on its behalf by:





M H Wyatt - Director


TMB VENTURES UK LTD (REGISTERED NUMBER: 11479428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

TMB Ventures UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


TMB VENTURES UK LTD (REGISTERED NUMBER: 11479428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023 521,069
Reclassification/transfer (521,069 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 521,069

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 40,611
Revaluations 40,320
Reclassification/transfer 521,069
At 31 December 2023 602,000
NET BOOK VALUE
At 31 December 2023 602,000

TMB VENTURES UK LTD (REGISTERED NUMBER: 11479428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 57,118
Valuation in 2023 40,320
Cost 504,562
602,000

The investment properties were valued on an open market basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 3,600 7,430

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 787 -
Creditors & accruals 4,020 3,839
4,807 3,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Mortgage 204,906 204,906
Directors' loan accounts 298,442 268,055
503,348 472,961

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 204,906 204,906

The bank loan is secured by a fixed charge over some of the investment properties of the company. The bank loan is due for repayment in full by 1 October 2026. The rate of interest charged is 4.79% per annum.

TMB VENTURES UK LTD (REGISTERED NUMBER: 11479428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 (1,271 ) 46,266 44,995
Profit for the year 36,911 36,911
Transfer (32,659 ) 32,659 -
At 31 December 2023 2,981 78,925 81,906