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Company Registration No. 14108348 (England and Wales)
Team Factors Holdings Limited Unaudited accounts for the year ended 31 May 2024
Team Factors Holdings Limited Unaudited accounts Contents
Page
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Team Factors Holdings Limited Company Information for the year ended 31 May 2024
Director
J Moodie
Company Number
14108348 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Team Factors Holdings Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
2,343,316 
1,843,316 
Current assets
Debtors
5 
18 
Cash at bank and in hand
25,026 
234,900 
25,031 
234,918 
Creditors: amounts falling due within one year
(937,020)
(1,258,860)
Net current liabilities
(911,989)
(1,023,942)
Net assets
1,431,327 
819,374 
Capital and reserves
Called up share capital
98 
98 
Profit and loss account
1,431,229 
819,276 
Shareholders' funds
1,431,327 
819,374 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
J Moodie Director Company Registration No. 14108348
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Team Factors Holdings Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Team Factors Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 14108348. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 June 2023
1,843,316 
Additions
500,000 
Valuation at 31 May 2024
2,343,316 
Investment in Team Factors Limited, a subsidiary company, is held at cost less accumulated impairment losses.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5 
18 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
934,920 
1,257,810 
Accruals
2,100 
1,050 
937,020 
1,258,860 
7
Controlling party
The ultimate controlling part is Clan Equity Limited, a company registered in England and Wales. Registered office: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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