REGISTERED NUMBER: |
Tenant Participation Advisory Service |
(Cymru) Limited |
Financial Statements for the Year Ended 31st March 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
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 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Reserves |
Retained earnings |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Computer equipment | - |
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 |
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 |
Depreciation |
At 1st April 2023 |
and 31st March 2024 |
Net book value |
At 31st March 2024 |
At 31st March 2023 |
5. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 3,064 | 1,363 |
Other creditors |
Deferred income |
Accrued expenses |
7. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
8. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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). |