TemcoUK (Holdings) Limited
Unaudited Financial Statements
For the year ended 30 September 2024
Pages for Filing with Registrar
Company Registration No. 10058658 (England and Wales)
TemcoUK (Holdings) Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TemcoUK (Holdings) Limited
Balance Sheet
As at 30 September 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
635,000
635,000
Current assets
Debtors
5
-
0
50
Cash at bank and in hand
1,075
1,024
1,075
1,074
Creditors: amounts falling due within one year
6
(154,387)
(551,793)
Net current liabilities
(153,312)
(550,719)
Net assets
481,688
84,281
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
481,588
84,181
Total equity
481,688
84,281

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

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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.

The financial statements were approved by the board of directors and authorised for issue on 24 January 2025 and are signed on its behalf by:
A.T. Philpot
Director
Company Registration No. 10058658
TemcoUK (Holdings) Limited
Notes to the Financial Statements
For the year ended 30 September 2024
Page 2
1
Accounting policies
Company information

TemcoUK (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of 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 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 on the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Exemptions for qualifying entities under FRS 102

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

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.true

1.4
Fixed asset investments

Interests in subsidiaries 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.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.

 

1.6
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.

TemcoUK (Holdings) Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 3
2
Employees

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

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
635,000
635,000
4
Subsidiaries

Details of the company's subsidiaries at 30 September 2024 are as follows:

Name of undertaking
Country of
Nature of business
Class of
% Held
incorporation
shareholding
TemcoUK Facility Services Limited
England & Wales
Provision of contract cleaning services
Ordinary
100
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
-
50
TemcoUK (Holdings) Limited
Notes to the Financial Statements (Continued)
For the year ended 30 September 2024
Page 4
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
300
300
Amounts owed to group undertakings
126,087
537,493
Other creditors
28,000
14,000
154,387
551,793

The assets of the company are subject to a fixed and floating charge.

 

The company has provided a guarantee to TemcoUK Facility Services Limited in respect of its debt factoring agreement.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions

The company had related party transactions with wholly owned subsidiaries and as such has taken advantage of the exemption permitted under section 33.1a not to provide disclosures of transactions entered into with other wholly owned members of the group.

 

Included in other creditors is an amount of £28,000 (2023: £14,000) due to the directors in respect of undrawn dividends.

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