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Registration number: 12508101

T5 Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

T5 Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

T5 Holdings Limited

Company Information

Director

S Taylor

Registered office

K2
44 Bond Street
Hull
HU1 3EN

 

T5 Holdings Limited

(Registration number: 12508101)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

31

31

Current assets

 

Debtors

5

62

62

Creditors: Amounts falling due within one year

6

(31)

(31)

Net current assets

 

31

31

Net assets

 

62

62

Capital and reserves

 

Called up share capital

62

62

Shareholders' funds

 

62

62

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

.........................................
S Taylor
Director

 

T5 Holdings Limited

Notes to the Unaudited 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 the company registration number is 12508101.

The address of its registered office is:
K2
44 Bond Street
Hull
HU1 3EN
England

These financial statements were authorised for issue by the director on 24 January 2025.

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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Summary of disclosure exemptions

The company has taken exemption under the terms of Financial Reporting Standard 102, section 1a, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other group members.

Group accounts not prepared

The company has taken advantage of the exemption from preparing group accounts as it is a small group..

Going concern

The company did not trade over the course of the year.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

 

T5 Holdings Limited

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

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

31

31

Subsidiaries

£

Cost or valuation

At 1 July 2023

31

Provision

Carrying amount

At 30 June 2024

31

At 30 June 2023

31

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

Safemile Limited

K2
44 Bond Street
Hull
HU1 3EN

England

Ordinary Shares

100%

100%

 

T5 Holdings Limited

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

5

Debtors

2024
£

2023
£

Other debtors

62

62

62

62

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

31

31

7

Related party transactions

Summary of transactions with subsidiaries

The company has taken advantage of the exemption in FRS102 Section 1A from disclosing transactions with related parties (wholly owned subsidiaries) that are part of the T5 Holdings Limited Group.
 

Summary of transactions with other related parties

At the year end, the amount due to the company by the shareholders was £62 (2023: £62). The amount is unsecured, interest free and repayable on demand.