Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-29truefalse2023-03-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11191177 2023-03-01 2024-02-29 11191177 2022-03-01 2023-02-28 11191177 2024-02-29 11191177 2023-02-28 11191177 c:Director2 2023-03-01 2024-02-29 11191177 d:OfficeEquipment 2023-03-01 2024-02-29 11191177 d:OfficeEquipment 2024-02-29 11191177 d:OfficeEquipment 2023-02-28 11191177 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11191177 d:CurrentFinancialInstruments 2024-02-29 11191177 d:CurrentFinancialInstruments 2023-02-28 11191177 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11191177 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11191177 d:ShareCapital 2024-02-29 11191177 d:ShareCapital 2023-02-28 11191177 d:RetainedEarningsAccumulatedLosses 2024-02-29 11191177 d:RetainedEarningsAccumulatedLosses 2023-02-28 11191177 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11191177 c:OrdinaryShareClass1 2024-02-29 11191177 c:OrdinaryShareClass1 2023-02-28 11191177 c:FRS102 2023-03-01 2024-02-29 11191177 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11191177 c:FullAccounts 2023-03-01 2024-02-29 11191177 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11191177 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11191177









TENNAL ROAD DEVELOPMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
TENNAL ROAD DEVELOPMENT LTD
REGISTERED NUMBER: 11191177

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,452
2,556

  
1,452
2,556

Current assets
  

Stocks
  
1,082,421
2,698,378

Debtors: amounts falling due within one year
 5 
571,231
655,093

Cash at bank and in hand
  
2,840
3,651

  
1,656,492
3,357,122

Creditors: amounts falling due within one year
 6 
(1,376,540)
(3,734,218)

Net current assets/(liabilities)
  
 
 
279,952
 
 
(377,096)

Total assets less current liabilities
  
281,404
(374,540)

  

Net assets/(liabilities)
  
281,404
(374,540)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
281,304
(374,640)

  
281,404
(374,540)


Page 1

 
TENNAL ROAD DEVELOPMENT LTD
REGISTERED NUMBER: 11191177
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 statement of income and retained earnings 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 on 28 April 2025.




Ashok Kumar
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TENNAL ROAD DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Tennal Road Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 11191177. The registered office is 43 Frederick Street, Birmingham, West Midlands, England, B1 3HN.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

 
2.2

Going concern

The directors have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
TENNAL ROAD DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 4

 
TENNAL ROAD DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

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


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
5,500



At 29 February 2024

5,500



Depreciation


At 1 March 2023
2,944


Charge for the year on owned assets
1,104



At 29 February 2024

4,048



Net book value



At 29 February 2024
1,452



At 28 February 2023
2,556

Page 5

 
TENNAL ROAD DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
571,231
655,093

571,231
655,093



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
-
2,333,389

Trade creditors
37,545
25,109

Corporation tax
90,825
-

Other creditors
1,211,370
1,374,070

Accruals and deferred income
36,800
1,650

1,376,540
3,734,218


The following liabilities were secured:

29 February
28 February
2024
2023
£
£



Bank loans
-
2,333,389

-
2,333,389

Details of security provided:

During the year all bank loans were cleared leaving a balance of £nil (2023: 2,333,389)..

Page 6

 
TENNAL ROAD DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7