Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-08-01The letting of commercial property.22falsetruefalse 10612844 2023-08-01 2024-07-31 10612844 2022-08-01 2023-07-31 10612844 2024-07-31 10612844 2023-07-31 10612844 c:Director2 2023-08-01 2024-07-31 10612844 c:Director3 2023-08-01 2024-07-31 10612844 c:RegisteredOffice 2023-08-01 2024-07-31 10612844 d:CurrentFinancialInstruments 2024-07-31 10612844 d:CurrentFinancialInstruments 2023-07-31 10612844 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10612844 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10612844 d:ShareCapital 2024-07-31 10612844 d:ShareCapital 2023-07-31 10612844 d:RetainedEarningsAccumulatedLosses 2024-07-31 10612844 d:RetainedEarningsAccumulatedLosses 2023-07-31 10612844 c:OrdinaryShareClass1 2023-08-01 2024-07-31 10612844 c:FRS102 2023-08-01 2024-07-31 10612844 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10612844 c:FullAccounts 2023-08-01 2024-07-31 10612844 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10612844 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 10612844










TCR NEW LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
TCR NEW LIMITED
 
 
COMPANY INFORMATION


Directors
A D Chambers 
D J Chambers 




Registered number
10612844



Registered office
29 Woodside Road
Bournemouth

Dorset

BH5 2AZ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
TCR NEW LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 5


 
TCR NEW LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TCR NEW LIMITED
FOR THE YEAR ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TCR NEW LIMITED for the year ended 31 July 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of TCR NEW LIMITED, as a body, in accordance with the terms of our engagement letter dated 11 February 2022Our work has been undertaken solely to prepare for your approval the financial statements of TCR NEW LIMITED and state those matters that we have agreed to state to the Board of directors of TCR NEW LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TCR NEW LIMITED and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that TCR NEW LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TCR NEW LIMITED. You consider that TCR NEW LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of TCR NEW LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
16 April 2025
Page 1

 
TCR NEW LIMITED
REGISTERED NUMBER: 10612844

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
51,887
56,303

Cash at bank and in hand
  
160,778
12,309,493

  
212,665
12,365,796

Creditors: amounts falling due within one year
 5 
(8,084,113)
(20,400,658)

Net current liabilities
  
 
 
(7,871,448)
 
 
(8,034,862)

Total assets less current liabilities
  
(7,871,448)
(8,034,862)

  

Net liabilities
  
(7,871,448)
(8,034,862)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(7,871,548)
(8,034,962)

  
(7,871,448)
(8,034,862)


Page 2

 
TCR NEW LIMITED
REGISTERED NUMBER: 10612844
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





................................................
A D Chambers
Director

Date: 16 April 2025

The notes on pages 4 to 5 form part of these financial statements.

Page 3

 
TCR NEW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

TCR New Limited is a private limited Company incorporated in England and Wales.  Its registered office is 29 Woodside Road, Bournemouth, England, BH5 2AZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the Company had net liabilities of £7,871,448, of which £3,203,306 related to an intra group creditor. As such, the directors and shareholders are able to confirm that support will be provided to the Company and it will continue to operate as a going concern for a period of 12 months from the date of approval. 

 
2.3

Turnover

Turnover comprises rental income from investment properties leased out under operating leases and is recognised on a straight-line basis over the term of the lease.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans
to and from related parties.Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Page 4

 
TCR NEW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
51,787
56,203

Called up share capital not paid
100
100

51,887
56,303



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
4,783,300
4,996,450

Trade creditors
94,687
102,087

Amounts owed to group undertakings
3,203,306
15,199,706

Accruals and deferred income
2,820
102,415

8,084,113
20,400,658



6.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



Enter number Ordinary shares of £1.00 each
100
100


 
Page 5