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REGISTERED NUMBER: 02287865 (England and Wales)















Tenant Participation Advisory Service
(Cymru) Limited

Financial Statements for the Year Ended 31st March 2024






Tenant Participation Advisory Service
(Cymru) Limited (Registered number: 02287865)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tenant Participation Advisory Service
(Cymru) Limited

Company Information
for the Year Ended 31st March 2024







Directors: Mrs E Parcell
Mr L James
Ms A L Lawrence
Ms H Bulkeley
Ms L C Rowlands
Mr A Ifaturoti
Mr D R Hall
Ms S Mylchreest
Mr D J O'Connor
Ms D Phillips
Mr M Powell
Ms L W Williams





Registered office: The Unite Building
1 Cathedral Road
Cardiff
CF11 9SD





Registered number: 02287865 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Tenant Participation Advisory Service
(Cymru) Limited (Registered number: 02287865)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 979 2,292

Current assets
Debtors 5 81,725 78,303
Cash at bank and in hand 152,591 137,867
234,316 216,170
Creditors
Amounts falling due within one year 6 (73,418 ) (62,146 )
Net current assets 160,898 154,024
Total assets less current liabilities 161,877 156,316

Reserves
Retained earnings 161,877 156,316
161,877 156,316

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th October 2024 and were signed on its behalf by:





Mrs E Parcell - Director


Tenant Participation Advisory Service
(Cymru) Limited (Registered number: 02287865)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Tenant Participation Advisory Service (Cymru) 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

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.

Turnover
Income represents membership fees, grants and consultancy services, net of value added tax. Income is deferred when the conditions for full entitlement have not been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 50% on reducing balance

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pensions
The company operates a defined contribution pension scheme. Contributions are recognised in the income and expenditure account in the period in which they become payable in accordance with the rules of the scheme.

Government grants
The company provides the majority of its services and support to client groups by obtaining grants from the Welsh Government and local authorities. The amounts are listed separately within the detailed income breakdown in the notes to the accounts.

Operating leases
Rentals payable under operating leases are charged in the income and expenditure account on a straight line basis over the lease term.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

Tenant Participation Advisory Service
(Cymru) Limited (Registered number: 02287865)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1st April 2023
and 31st March 2024 8,534
Depreciation
At 1st April 2023
and 31st March 2024 7,555
Net book value
At 31st March 2024 979
At 31st March 2023 979

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 28,221 31,244
Prepayments and accrued income 53,504 47,059
81,725 78,303

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 15,716 20,467
Tax 1,616 -
Social security and other taxes 3,493 6,121
VAT 3,064 1,363
Other creditors 769 873
Deferred income 10,495 4,920
Accrued expenses 38,265 28,402
73,418 62,146

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 7,072 7,072
Between one and five years 23,425 28,728
30,497 35,800

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

9. Related party disclosures

The company has dealings with various organisations who are members of the Company's Committee of Management. However the committee have no direct interest in any of these transactions.

Board members
During the year board members received expenses totalling £1,435 (2023: £998).

Tenant Participation Advisory Service
(Cymru) Limited (Registered number: 02287865)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

10. Pension schemes

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions receivable (payable prior year) by the company to the scheme and amounted to £13,563 (2023: £11,895).