IRIS Accounts Production v24.3.0.553 10341624 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103416242022-12-31103416242023-12-31103416242023-01-012023-12-31103416242021-12-31103416242022-01-012022-12-31103416242022-12-3110341624ns15:EnglandWales2023-01-012023-12-3110341624ns14:PoundSterling2023-01-012023-12-3110341624ns10:Director12023-01-012023-12-3110341624ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110341624ns10:SmallEntities2023-01-012023-12-3110341624ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110341624ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110341624ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110341624ns10:FullAccounts2023-01-012023-12-3110341624ns10:OrdinaryShareClass12023-01-012023-12-3110341624ns10:Director22023-01-012023-12-3110341624ns10:Director32023-01-012023-12-3110341624ns10:RegisteredOffice2023-01-012023-12-3110341624ns5:CurrentFinancialInstruments2023-12-3110341624ns5:CurrentFinancialInstruments2022-12-3110341624ns5:Non-currentFinancialInstruments2023-12-3110341624ns5:Non-currentFinancialInstruments2022-12-3110341624ns5:ShareCapital2023-12-3110341624ns5:ShareCapital2022-12-3110341624ns5:RetainedEarningsAccumulatedLosses2023-12-3110341624ns5:RetainedEarningsAccumulatedLosses2022-12-311034162412023-01-012023-12-3110341624ns5:LandBuildings2022-12-3110341624ns5:PlantMachinery2022-12-3110341624ns5:LandBuildings2023-01-012023-12-3110341624ns5:PlantMachinery2023-01-012023-12-3110341624ns5:LandBuildings2023-12-3110341624ns5:PlantMachinery2023-12-3110341624ns5:LandBuildings2022-12-3110341624ns5:PlantMachinery2022-12-3110341624ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110341624ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110341624ns5:WithinOneYear2023-12-3110341624ns5:WithinOneYear2022-12-3110341624ns5:BetweenOneFiveYears2023-12-3110341624ns5:BetweenOneFiveYears2022-12-3110341624ns5:MoreThanFiveYears2023-12-3110341624ns5:MoreThanFiveYears2022-12-3110341624ns5:AllPeriods2023-12-3110341624ns5:AllPeriods2022-12-3110341624ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 10341624 (England and Wales)















This Group Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






This Group Limited (Registered number: 10341624)

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


This Group Limited

Company Information
for the year ended 31 December 2023







Directors: S A Brown
R S Kelvin CBE
P S Tisdale





Registered office: F4 The Foundry
Beehive Yard
Bath
Somerset
BA1 5BT





Registered number: 10341624 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

This Group Limited (Registered number: 10341624)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 498,031 440,876

Current assets
Debtors 5 218,868 246,861
Cash at bank 111,728 70,852
330,596 317,713
Creditors
Amounts falling due within one year 6 3,262,116 2,876,824
Net current liabilities (2,931,520 ) (2,559,111 )
Total assets less current liabilities (2,433,489 ) (2,118,235 )

Creditors
Amounts falling due after more than one
year

7

783,742

626,778
Net liabilities (3,217,231 ) (2,745,013 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings (3,217,331 ) (2,745,113 )
Shareholders' funds (3,217,231 ) (2,745,013 )

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.

This Group Limited (Registered number: 10341624)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





S A Brown - Director


This Group Limited (Registered number: 10341624)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

This Group Limited 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

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 pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
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 and the ultimate controlling party will give continued support. Hence, the directors continue to adopt the going concern basis of accounting in preparing the financial statements. In addition, That Topco Limited, a connected company, has confirmed that amounts owed will not be called upon until there are sufficient funds to repay.

This Group Limited (Registered number: 10341624)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are 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.

Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Recoverability of connected company balances
The company has balances due from related companies connected by common directorship. Management are of the opinion that these balances are fully recoverable and therefore no provision has been made against these balances.

Management recharges
Management recharges are levied from That Topco Limited, a company connected by way of common directorships. The recharge which includes salary and overhead costs is based on managements assessment and apportionment of the amount of time spend on the affairs of This Group Limited.

Depreciation
Due to the significance of the depreciation charged in the financial statements, the directors consider this to be a crucial accounting judgement . An assessment is made of the useful economic lives, taking into account residual values, of the tangible assets, based on the directors' knowledge and industry. There are periodic reviews to determine if depreciation rates are still appropriate and whether any impairment is needed.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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:

Leasehold improvements20% straight line
Plant and equipment20% straight line
Fixtures and fittingsBetween 5% & 20% straight line

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

This Group Limited (Registered number: 10341624)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

This Group Limited (Registered number: 10341624)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 January 2023 211,425 795,569 1,006,994
Additions - 193,757 193,757
Disposals (38,821 ) - (38,821 )
At 31 December 2023 172,604 989,326 1,161,930
Depreciation
At 1 January 2023 53,478 512,640 566,118
Charge for year 11,669 86,112 97,781
At 31 December 2023 65,147 598,752 663,899
Net book value
At 31 December 2023 107,457 390,574 498,031
At 31 December 2022 157,947 282,929 440,876

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 1,796 26,534
Other debtors 217,072 220,327
218,868 246,861

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 15,605 141,349
Taxation and social security 4,131 5,783
Other creditors 3,242,380 2,729,692
3,262,116 2,876,824

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 783,742 626,778

This Group Limited (Registered number: 10341624)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 612,585 612,585
Between one and five years 2,450,340 2,450,340
In more than five years 1,990,901 2,603,486
5,053,826 5,666,411

9. Called up share capital

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

10. Related party disclosures

The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with group companies.

Included in the other creditors due after more than one year is an amount of £783,742 (2022 - £ 626,778) owed to the ultimate controlling party.