Company registration number 13691321 (England and Wales)
TESSAN UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
TESSAN UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TESSAN UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
31 December 2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
990
3,015
Cash at bank and in hand
991
603
1,981
3,618
Creditors: amounts falling due within one year
5
(228,749)
(227,971)
Net current liabilities
(226,768)
(224,353)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(226,769)
(224,354)
Total equity
(226,768)
(224,353)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
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 and signed by the director and authorised for issue on 23 August 2024
J. Cohen
Director
Company registration number 13691321 (England and Wales)
TESSAN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
TESSAN UK LIMITED is a private company limited by shares incorporated in England and Wales. The registered office is Becket House, 1 Lambeth Palace Road, London, SE1 7EU.
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. The principal accounting policies adopted are set out below.
1.2
Going concern
In assessing the going concern status of Tessan UK, it is essential to note that the company is currently in the process of being placed into dormant status. This decision has been taken by the company's management in light of their strategic restructuring efforts and business considerations. As a result, the company's operations are expected to cease temporarily, and its financial activities will be minimal during the dormant period. Given this imminent shift in the company's status, the concept of going concern as traditionally understood in financial reporting may not be applicable. Therefore, it is crucial to highlight that our assessment considers the company's ability to meet its financial obligations during this transitional phase and not its long-term viability as an active entity. We have reviewed the management's plan for dormancy and the company's financial position, and we believe that Tessan UK is adequately prepared to meet its obligations during this transitional phase, making the transition to dormant status a reasonable and well-supported decision.
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
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.
TESSAN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is 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
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
990
3,015
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
6,130
3,752
Amounts owed to group undertakings
219,660
217,131
Taxation and social security
2,749
2,749
Other creditors
210
4,339
228,749
227,971
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
TESSAN UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Olivier PJ Foucault
The Senior Statutory Auditor was O. Foucault and the auditor was FC Expertise LTD.
8
Parent company
Pharma Express SAS incorporated in France is regarded by the directors as being the company's ultimate parent company and controlling party.
Pharma Express SAS prepared group financial statements and copies can be obtained from 25 rue de ponthieu 75008 Paris.