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COMPANY REGISTRATION NUMBER: 14364056
TTC COMMS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
TTC COMMS LTD
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
800,000
800,000
Current assets
Cash at bank and in hand
29,994
4
--------
----
Net current assets
29,994
4
---------
---------
Total assets less current liabilities
829,994
800,004
---------
---------
Capital and reserves
Called up share capital
5
800,004
800,004
Profit and loss account
29,990
---------
---------
Shareholders funds
829,994
800,004
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 April 2025 , and are signed on behalf of the board by:
Mr A Lindon
Mr G White
Director
Director
Company registration number: 14364056
TTC COMMS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Mill, Blisworth Hill Farm, Stoke Road, Northampton, NN7 3DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 November 2023 and 31 October 2024
800,000
---------
Impairment
At 1 November 2023 and 31 October 2024
---------
Carrying amount
At 31 October 2024
800,000
---------
At 31 October 2023
800,000
---------
5. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary Shares shares of £ 1 each
800,004
800,004
800,004
800,004
---------
---------
---------
---------