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
Team Factors Holdings Limited
Company Information
for the year ended 31 May 2024
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
Team Factors Holdings Limited
Statement of financial position
as at 31 May 2024
Investments
2,343,316
1,843,316
Cash at bank and in hand
25,026
234,900
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
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
Team Factors Holdings Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings
Valuation at 1 June 2023
1,843,316
Valuation at 31 May 2024
2,343,316
Investment in Team Factors Limited, a subsidiary company, is held at cost less accumulated impairment losses.
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
934,920
1,257,810
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).