Registration number:
Tenderstories Limited (formerly Tendercapital Productions LTD)
for the Year Ended 31 December 2023
Tenderstories Limited (formerly Tendercapital Productions LTD)
Contents
Abridged Profit and Loss Account |
|
Abridged Balance Sheet |
|
Notes to the Abridged Financial Statements |
Tenderstories Limited (formerly Tendercapital Productions LTD)
Abridged Profit and Loss Account for the Year Ended 31 December 2023
Note |
2023 |
2022 |
|
Gross profit |
|
|
|
Administrative expenses |
( |
( |
|
(Loss)/profit before tax |
( |
|
|
(Loss)/profit for the financial year |
( |
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Tenderstories Limited (formerly Tendercapital Productions LTD)
(Registration number: 12915321)
Abridged Balance Sheet as at 31 December 2023
Note |
2023 |
(As restated) |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Investments |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Prepayments and accrued income |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
( |
|
|
Accruals and deferred income |
( |
( |
|
Net (liabilities)/assets |
( |
|
|
Capital and reserves |
|||
Called up share capital |
200,000 |
200,000 |
|
Retained earnings |
(1,040,970) |
(192,552) |
|
Shareholders' (deficit)/funds |
(840,970) |
7,448 |
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
......................................... |
Tenderstories Limited (formerly Tendercapital Productions LTD)
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 abridged 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 abridged 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 director has prepared the financial statements on the going concern basis. This is considered appropriate as
the company’s shareholders and creditors will continue to provide financial support to the company for the
foreseeable future. Should the company be unable to continue trading, adjustments would have to be made to
reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise.
Tenderstories Limited (formerly Tendercapital Productions LTD)
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
Audit report
Prior period restatement
The prior year restatement refers to an amount of £279,835.39 which was transferred from other debtors to fixed assets group loans (Tenderstories SRL). The net effect of this adjustment on the retained earnings is that of £nil.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Intangible assets
The intangible assets presented in the financial statements are stated at their respective values as determined by the Directors.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Right in Script |
Straight line basis - 10 years |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Tenderstories Limited (formerly Tendercapital Productions LTD)
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
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 debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Auditors' remuneration |
2023 |
2022 |
|
Audit of the financial statements |
|
- |
Tenderstories Limited (formerly Tendercapital Productions LTD)
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
Intangible assets |
Total |
|
Cost or valuation |
|
At 1 January 2023 |
|
Additions acquired separately |
|
At 31 December 2023 |
|
Amortisation |
|
At 1 January 2023 |
|
Amortisation charge |
|
At 31 December 2023 |
|
Carrying amount |
|
At 31 December 2023 |
|
At 31 December 2022 |
|
Investments |
Subsidiaries |
£ |
Cost or valuation |
|
At 1 January 2023 |
|
Additions |
|
At 31 December 2023 |
|
Provision |
|
At 1 January 2023 |
( |
Provision |
|
At 31 December 2023 |
|
Carrying amount |
|
At 31 December 2023 |
|
At 31 December 2022 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Tenderstories Limited (formerly Tendercapital Productions LTD)
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
2023 |
2022 |
|||
Subsidiary undertakings |
||||
|
Via Giacomo Leopardi 8
Italy |
|
|
|
Subsidiary undertakings |
Tenderstories S.R.L The principal activity of Tenderstories S.R.L is |
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
200,000 |
|
200,000 |
Tenderstories Limited (formerly Tendercapital Productions LTD)
Notes to the Abridged Financial Statements for the Year Ended 31 December 2023
Related party transactions |
Director's remuneration
The director's remuneration for the year was as follows:
2023 |
2022 |
|
Remuneration |
|
|
Summary of transactions with other related parties
Parent and ultimate parent undertaking |
The company's immediate parent is