Tegg Stays Limited 14637715 false 2023-02-03 2024-03-31 2024-03-31 The principal activity of the company is Real Estate Agencies Digita Accounts Production Advanced 6.30.9574.0 true true true 14637715 2023-02-03 2024-03-31 14637715 2024-03-31 14637715 bus:OrdinaryShareClass1 2024-03-31 14637715 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14637715 core:ParentEntities 2024-03-31 14637715 bus:SmallEntities 2023-02-03 2024-03-31 14637715 bus:AuditExemptWithAccountantsReport 2023-02-03 2024-03-31 14637715 bus:FilletedAccounts 2023-02-03 2024-03-31 14637715 bus:SmallCompaniesRegimeForAccounts 2023-02-03 2024-03-31 14637715 bus:RegisteredOffice 2023-02-03 2024-03-31 14637715 bus:Director1 2023-02-03 2024-03-31 14637715 bus:Director2 2023-02-03 2024-03-31 14637715 bus:OrdinaryShareClass1 2023-02-03 2024-03-31 14637715 bus:PrivateLimitedCompanyLtd 2023-02-03 2024-03-31 14637715 core:ParentEntities 2023-02-03 2024-03-31 14637715 1 2023-02-03 2024-03-31 14637715 countries:EnglandWales 2023-02-03 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14637715

Tegg Stays Limited

Unaudited Filleted Financial Statements

for the Period from 3 February 2023 to 31 March 2024

 

Tegg Stays Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Tegg Stays Limited

Company Information

Directors

Mr Phillip Tegg

Kirsty Tegg

Registered office

Jubilee Hall The Square
Fawley
Southampton
Hampshire
SO45 1DD

Accountants

CrunchWise
18 Elgin Close
Hythe
Southampton
Hampshire
SO45 6JG

 

Tegg Stays Limited

(Registration number: 14637715)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

17

Creditors: Amounts falling due within one year

4

(4,964)

Net liabilities

 

(4,947)

Capital and reserves

 

Called up share capital

5

100

Retained earnings

(5,047)

Shareholders' deficit

 

(4,947)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 October 2024 and signed on its behalf by:
 

.........................................
Mr Phillip Tegg
Director

 

Tegg Stays Limited

Notes to the Unaudited Financial Statements for the Period from 3 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Jubilee Hall The Square
Fawley
Southampton
Hampshire
SO45 1DD

These financial statements were authorised for issue by the Board on 23 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Tegg Stays Limited

Notes to the Unaudited Financial Statements for the Period from 3 February 2023 to 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

6

4,820

Other creditors

 

144

 

4,964

5

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

100

100

   

6

Related party transactions

Summary of transactions with parent

During the period, the company received a loan of £4,820 from its parent company, Trust Tegg Group Limited. The loan is interest-free and is repayable on demand. This transaction is classified as a related party transaction under accounting standards, as it involves a party that has control or significant influence over the company.

The loan reflects the ongoing financial support from the parent company, aimed at assisting the company in meeting its operational requirements.

 

Loans to related parties

2024

Parent
£

Total
£

Advanced

4,820

4,820

At end of period

4,820

4,820

 

Tegg Stays Limited

Notes to the Unaudited Financial Statements for the Period from 3 February 2023 to 31 March 2024

7

Parent and ultimate parent undertaking

The company's immediate parent is Trust Tegg Group Limited, incorporated in England and Wales.