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Registered number: 09852710
Tees River Limited
Financial Statements
For The Year Ended 31 December 2024
Expertax Limited
Chartered Certified Accountants
42-44 Clarendon Road
Watford
Hertfordshire
WD17 1JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09852710
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,393 44,519
Investments 5 7,166,590 6,921,722
7,204,983 6,966,241
CURRENT ASSETS
Debtors 6 2,139,180 5,968,067
Cash at bank and in hand 3,138,290 679,470
5,277,470 6,647,537
Creditors: Amounts Falling Due Within One Year 7 (131,233 ) (1,426,616 )
NET CURRENT ASSETS (LIABILITIES) 5,146,237 5,220,921
TOTAL ASSETS LESS CURRENT LIABILITIES 12,351,220 12,187,162
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,130 ) -
NET ASSETS 12,340,090 12,187,162
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 12,339,990 12,187,062
SHAREHOLDERS' FUNDS 12,340,090 12,187,162
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S T Benson
Director
13/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tees River Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09852710 . The registered office is C/o Expertax Limited, 42-44 Clarendon Road, Watford, Hertfordshire, WD17 1JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised when the Company becomes entitled to receive the income, having fulfilled its obligations under the relevant contract.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Computer Equipment Straight Line Over Three Years
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.6. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Investments
Investments comprises holdings in funds and other financial investment vehicles, alongside investments in subsidiaries. 
Investments are initially measured at cost and are subsequently reviewed for evidence of impairment at each balance sheet date.
Income from investments is recognised in the profit and loss account as the Company becomes entitled to receive it.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 105,527 - 105,527
Additions 4,763 1,129 5,892
As at 31 December 2024 110,290 1,129 111,419
Depreciation
As at 1 January 2024 61,008 - 61,008
Provided during the period 11,924 94 12,018
As at 31 December 2024 72,932 94 73,026
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2024 37,358 1,035 38,393
As at 1 January 2024 44,519 - 44,519
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 January 2024 - 6,921,722 6,921,722
Additions 10,528 757,896 768,424
Disposals - (154,806 ) (154,806 )
Transfers - (368,750 ) (368,750 )
As at 31 December 2024 10,528 7,156,062 7,166,590
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 10,528 7,156,062 7,166,590
As at 1 January 2024 - 6,921,722 6,921,722
Investments in subsidiaries above represents a 100% shareholding in Tees River Management SARL, a company incorporated in Luxembourg. 
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 380 77,337
Other debtors 1,157,800 5,890,730
1,158,180 5,968,067
Due after more than one year
Other debtors 981,000 -
2,139,180 5,968,067
Amounts owed by group undertakings above of £380 (2023 - £77,737) represents amounts owed to the Company by its subsidiary, Tees River Management SARL.
The amount shown as due after one year above of £981,000 (2023 - £NIL) represents a loan to a company owned by a family member of the director. The loan is provided free of interest.
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,743 -
Other creditors 112,919 76,870
Taxation and social security 15,571 1,349,746
131,233 1,426,616
8. Provisions for Liabilities
Deferred Tax Total
£ £
Origination and reversal of timing differences 11,130 11,130
Balance at 31 December 2024 11,130 11,130
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Controlling Party
The company's controlling party is Sean Benson by virtue of his ownership of 99% of the issued share capital in the company.
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