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REGISTERED NUMBER: 09613817 (England and Wales)

















TEN TEN RESOURCES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






TEN TEN RESOURCES LIMITED (REGISTERED NUMBER: 09613817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEN TEN RESOURCES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Ms CM O'Brien
M O'Brien





REGISTERED OFFICE: Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG





REGISTERED NUMBER: 09613817 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

TEN TEN RESOURCES LIMITED (REGISTERED NUMBER: 09613817)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,904 55,798
Tangible assets 5 51,320 33,508
133,224 89,306

CURRENT ASSETS
Debtors 6 609,194 715,134
Cash at bank and in hand 2,113,539 1,520,318
2,722,733 2,235,452
CREDITORS
Amounts falling due within one year 7 1,762,939 1,494,094
NET CURRENT ASSETS 959,794 741,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,093,018

830,664

PROVISIONS FOR LIABILITIES 1,590 7,987
NET ASSETS 1,091,428 822,677

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,091,328 822,577
SHAREHOLDERS' FUNDS 1,091,428 822,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TEN TEN RESOURCES LIMITED (REGISTERED NUMBER: 09613817)

BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





Ms CM O'Brien - Director


TEN TEN RESOURCES LIMITED (REGISTERED NUMBER: 09613817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Ten Ten Resources Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the directors' opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from sales of media resources to schools and is stated at the fair value of the consideration to which the company has become entitled during the year in respect of products provided, excluding discounts and rebates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

TEN TEN RESOURCES LIMITED (REGISTERED NUMBER: 09613817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax and is recognised in the Profit and Loss Account.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023 116,669
Additions 47,069
At 31 August 2024 163,738
AMORTISATION
At 1 September 2023 60,871
Charge for year 20,963
At 31 August 2024 81,834
NET BOOK VALUE
At 31 August 2024 81,904
At 31 August 2023 55,798

TEN TEN RESOURCES LIMITED (REGISTERED NUMBER: 09613817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 83,359
Additions 39,425
At 31 August 2024 122,784
DEPRECIATION
At 1 September 2023 49,851
Charge for year 21,613
At 31 August 2024 71,464
NET BOOK VALUE
At 31 August 2024 51,320
At 31 August 2023 33,508

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 303,799 404,530
Amounts owed by associates 295,710 303,237
Other debtors 9,685 7,367
609,194 715,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,467 9,950
Taxation and social security 428,731 368,041
Other creditors 1,329,741 1,116,103
1,762,939 1,494,094

8. RELATED PARTY DISCLOSURES

The company is controlled by its directors.

At the start of the year, the directors were owed £5,594. During the year, the company repaid the directors this amount (2023: £62,960).

Also during the year, the company paid £62 (2023: £Nil) on behalf of Ten Ten Property Holdings Limited, a company in which the directors of the company have an interest. At the balance sheet date, the company is owed £295,710 (2023: £295,648) by that company. The loan is interest free, with no fixed date for repayment.