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REGISTERED NUMBER: 11804757 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

TMMi Foundation Limited

TMMi Foundation Limited (Registered number: 11804757)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TMMi Foundation Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr M S Miller
Mr G J Thompson
Mr K P Kakkonen
Mr I P Howles





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 11804757 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

TMMi Foundation Limited (Registered number: 11804757)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,594 11,083

CURRENT ASSETS
Debtors 5 18,050 27,539
Cash at bank 68,613 46,389
86,663 73,928
CREDITORS
Amounts falling due within one year 6 47,333 44,197
NET CURRENT ASSETS 39,330 29,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,924

40,814

RESERVES
Income and expenditure account 50,924 40,814
50,924 40,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 surplus or deficit 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:



Mr I Howles - Director Mr M S Miller - Director



Mr G J Thompson - Director Mr K P Kakkonen - Director


TMMi Foundation Limited (Registered number: 11804757)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

TMMi Foundation Limited is a private company, limited by guarantee , 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

TMMi Foundation Limited (Registered number: 11804757)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 March 2023 12,068
Additions 1,409
At 29 February 2024 13,477
AMORTISATION
At 1 March 2023 985
Amortisation for year 898
At 29 February 2024 1,883
NET BOOK VALUE
At 29 February 2024 11,594
At 28 February 2023 11,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 17,444 22,262
Other debtors 606 5,277
18,050 27,539

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,032 2,974
Amounts owed to associates 24,550 23,766
Taxation and social security (1,992 ) (4,475 )
Other creditors 22,743 21,932
47,333 44,197

7. RELATED PARTY DISCLOSURES

The company is associated with TMMi Foundation (Ireland) Ltd through common control.

At 29 February 2024 the company owed £24,550 (2023: £23,766) toTMMi Foundation (Ireland) Limited.

8. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such amount as may be required not exceeding £1.