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Registration number: 08387878

Tilley Green Holdings Limited

Annual Report and Financial Statements

for the Year Ended 30 June 2024

 

Tilley Green Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Tilley Green Holdings Limited

Company Information

Directors

L M Grocott

D V Grocott

Registered office

Brookdale
Station Road
Prees
Shropshire
SY13 2DW

Auditors

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Tilley Green Holdings Limited

(Registration number: 08387878)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

1

1

Current assets

 

Debtors

5

593,210

593,210

Total assets less current liabilities

 

593,211

593,211

Creditors: Amounts falling due after more than one year

6

(824,478)

(824,478)

Net liabilities

 

(231,267)

(231,267)

Capital and reserves

 

Called up share capital

7

9,900

9,900

Retained earnings

(241,167)

(241,167)

Shareholders' deficit

 

(231,267)

(231,267)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 


D V Grocott
Director

 

Tilley Green Holdings Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brookdale
Station Road
Prees
Shropshire
SY13 2DW

2

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 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 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.

Group accounts not prepared

In the opinion of the directors, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Going concern

The financial statements have been prepared on a going concern basis that assumes the continued support of the company's shareholders to meet all liabilities as they fall due.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 January 2025 was Adrian Barker BA FCA, who signed for and on behalf of CBSL Accountants Limited.

Investments

Fixed asset investments are held at cost.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

Tilley Green Holdings Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 July 2023

1

At 30 June 2024

1

Carrying amount

At 30 June 2024

1

At 30 June 2023

1

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:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

The Tilley Green Coffee Company Limited

England & Wales

Ordinary

100%

100%

         

The principal activity of The Tilley Green Coffee Company Limited is the provision of coffee dispensing machines and consumables to the leisure and catering industry.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

593,210

593,210

 

Tilley Green Holdings Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

6

Creditors

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

824,478

824,478

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary 'A' of £1 each

9,900

9,900

9,900

9,900

         

8

Loans and borrowings

Loan notes and accrued interest with a carrying amount of £824,478 (2023 - £824,478) is denominated in £ with a nominal interest rate of 7%. The final instalment was due for repayment on 31 December 2017, but has been deferred.

The outstanding liability represents Loan Notes amounting to £444,060 and accrued interest of £380,418. The Loan Notes were originally repayable in three equal annual instalments commencing on 31 December 2015. The Loan Note holders have waived their rights regarding any repayment of Loan Note interest and Loan principal for a minimum of 12 months from the date of approval of these financial statements.

9

Related party transactions

At 30 June 2024 a balance of £824,478 (2023 - £824,478) was due to the directors and is included in creditors falling due after one year.