Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr L G Tenison-Mosse 21/12/1992 29 September 2024 The principal activity of the company during the financial year was that of agriculture. 00727217 2024-03-31 00727217 bus:Director1 2024-03-31 00727217 2023-03-31 00727217 core:CurrentFinancialInstruments 2024-03-31 00727217 core:CurrentFinancialInstruments 2023-03-31 00727217 core:Non-currentFinancialInstruments 2024-03-31 00727217 core:Non-currentFinancialInstruments 2023-03-31 00727217 core:ShareCapital 2024-03-31 00727217 core:ShareCapital 2023-03-31 00727217 core:RetainedEarningsAccumulatedLosses 2024-03-31 00727217 core:RetainedEarningsAccumulatedLosses 2023-03-31 00727217 core:LandBuildings 2023-03-31 00727217 core:PlantMachinery 2023-03-31 00727217 core:Vehicles 2023-03-31 00727217 core:LandBuildings 2024-03-31 00727217 core:PlantMachinery 2024-03-31 00727217 core:Vehicles 2024-03-31 00727217 bus:OrdinaryShareClass1 2024-03-31 00727217 2023-04-01 2024-03-31 00727217 bus:FilletedAccounts 2023-04-01 2024-03-31 00727217 bus:SmallEntities 2023-04-01 2024-03-31 00727217 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00727217 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00727217 bus:Director1 2023-04-01 2024-03-31 00727217 core:PlantMachinery 2023-04-01 2024-03-31 00727217 core:Vehicles 2023-04-01 2024-03-31 00727217 2022-04-01 2023-03-31 00727217 core:LandBuildings 2023-04-01 2024-03-31 00727217 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 00727217 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00727217 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00727217 (England and Wales)

TENISON & COMPANY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

TENISON & COMPANY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

TENISON & COMPANY LIMITED

BALANCE SHEET

As at 31 March 2024
TENISON & COMPANY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 17,222 17,553
17,222 17,553
Current assets
Debtors 4 1,817 1,842
Cash at bank and in hand 463,779 461,319
465,596 463,161
Creditors: amounts falling due within one year 5 ( 92,874) ( 90,332)
Net current assets 372,722 372,829
Total assets less current liabilities 389,944 390,382
Creditors: amounts falling due after more than one year 6 ( 2,000) ( 2,000)
Net assets 387,944 388,382
Capital and reserves
Called-up share capital 7 2,003 2,003
Profit and loss account 385,941 386,379
Total shareholders' funds 387,944 388,382

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of TENISON & COMPANY LIMITED (registered number: 00727217) were approved and authorised for issue by the Director on 29 September 2024. They were signed on its behalf by:

Mr L G Tenison-Mosse
Director
TENISON & COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
TENISON & COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TENISON & COMPANY LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Whitehill Farm, Stoke Road, Paignton, TQ4 7PF, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable during the year, exclusive of value added tax. The company recognises revenue based on its value of the service provided to date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 April 2023 16,104 17,233 18,894 52,231
At 31 March 2024 16,104 17,233 18,894 52,231
Accumulated depreciation
At 01 April 2023 0 16,448 18,230 34,678
Charge for the financial year 0 198 133 331
At 31 March 2024 0 16,646 18,363 35,009
Net book value
At 31 March 2024 16,104 587 531 17,222
At 31 March 2023 16,104 785 664 17,553

4. Debtors

2024 2023
£ £
Trade debtors 1,100 1,100
Prepayments 625 521
VAT recoverable 92 221
1,817 1,842

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 91,425 88,887
Accruals 1,449 1,395
Taxation and social security 0 50
92,874 90,332

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 2,000 2,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,003 Ordinary shares of £ 1.00 each 2,003 2,003