Company Registration No. 08020020 (England and Wales)
S J TENZIN LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
S J TENZIN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
S J TENZIN LIMITED
Company Registration No. 08020020
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
2023
2022
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,547
-
0
Investments
4
300
300
6,847
300
Current assets
Debtors
5
5,297,988
3,734,736
Cash at bank and in hand
448,567
36,933
5,746,555
3,771,669
Creditors: amounts falling due within one year
6
(5,895,555)
(3,853,033)
Net current liabilities
(149,000)
(81,364)
Total assets less current liabilities
(142,153)
(81,064)
Creditors: amounts falling due after more than one year
7
(15,866)
(26,668)
Net liabilities
(158,019)
(107,732)
Capital and reserves
Called up share capital
8
200
200
Profit and loss reserves
(158,219)
(107,932)
Total equity
(158,019)
(107,732)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

S J TENZIN LIMITED
Company Registration No. 08020020
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 30 October 2024
K Harper
Director
S J TENZIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
- 3 -
1
Accounting policies
Company information

S J Tenzin Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

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.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

1.2
Going concern

At the balance sheet date the company had net liabilities of £true158,019, included in the creditors is a balance due to the director of £5,869,594. 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. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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:

Plant and machinery
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

S J TENZIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
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, 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.

1.6
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 and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Retirement benefits

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
S J TENZIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 5 -
3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 November 2022
19,019
Additions
8,230
At 31 October 2023
27,249
Depreciation and impairment
At 1 November 2022
19,019
Depreciation charged in the year
1,683
At 31 October 2023
20,702
Carrying amount
At 31 October 2023
6,547
At 31 October 2022
-
0
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
300
300
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
13,845
Amounts owed by group undertakings
4,552,577
2,978,455
Other debtors
745,411
742,436
5,297,988
3,734,736
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
-
0
11,172
Taxation and social security
7,194
1,369
Other creditors
5,878,361
3,830,492
5,895,555
3,853,033
S J TENZIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
15,866
26,668
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
100
100
100
100
Ordinary B shares of £1 each
100
100
100
100
200
200
200
200
S J TENZIN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
- 7 -
9
Related party transactions

At the balance sheet date the company owed £5,869,594 to the director, K Harper. This loan is interest free.

 

At the balance sheet date the company was owed £348,818 by Astindale London Road Limited, a connected company.

 

At the balance sheet date the company was owed £196,070 by Astindale Developments Limited, a connected company.

 

At the balance sheet date the company was owed £3,356,804 by Astindale Mount Harry Road Limited, a connected company.

 

At the balance sheet date the company owed £1,002,582 to Astindale Bidborough Limited, a connected company.

 

At the balance sheet date the company was owed £48,377 by Astindale Woodbridge Limited, a connected company.

 

At the balance sheet date the company owed £561 to Astindale Selsdon Limited, a connected company.

At the balance sheet date the company was owed £1,015,716 by Astindale Home Farm Limited, a connected company.

 

At the balance sheet date the company owed £1,066 to Ledmore Services Limited, a connected company.

 

At the balance sheet date the company owed £12,000 to Harper Hybrid Limited, a connected company.

 

At the balance sheet date the company was owed £61,000 by HSquared Property Limited.

 

At the balance sheet date the company was owed £530,000 by Bridgemore Land and Development Limited.

 

 

10
Prior Year adjustment

Prior year accounts did not include the dividends paid in 2021. The comparative figures have been restated.

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