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REGISTERED NUMBER: 02522080 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2024

for

TPS Group Holdings (S-in-A) Limited

TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TPS Group Holdings (S-in-A) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M S Oldershaw
Mrs J Oldershaw
S H Oldershaw
Mrs E L Oldershaw





REGISTERED OFFICE: Export Drive
Fulwood Industrial Estate
Sutton In Ashfield
Nottinghamshire
NG17 6AF





REGISTERED NUMBER: 02522080 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,751 26,606
Investments 5 60,001 60,001
Investment property 6 2,000,000 2,000,000
2,083,752 2,086,607

CURRENT ASSETS
Debtors 7 21,445 35,999
Cash at bank and in hand 44,094 38,899
65,539 74,898
CREDITORS
Amounts falling due within one year 8 (523,654 ) (463,899 )
NET CURRENT LIABILITIES (458,115 ) (389,001 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,625,637

1,697,606

PROVISIONS FOR LIABILITIES (242,459 ) (242,591 )
NET ASSETS 1,383,178 1,455,015

CAPITAL AND RESERVES
Called up share capital 9 62,752 62,752
Non distributable reserve 1,180,925 1,180,925
Retained earnings 139,501 211,338
SHAREHOLDERS' FUNDS 1,383,178 1,455,015

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:




M S Oldershaw - Director



S H Oldershaw - Director


TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

TPS Group Holdings (S-in-A) 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.

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.

The company has net current liabilities at 31 December 2024 of £451,799 (2023 - £389,001) and is, therefore, reliant on the continued support of its principal creditors. The directors are confident that this support will not be withdrawn and as a result the going concern basis of accounting has been adopted.

These accounts do not reflect any changes that would be required if the going concern basis was not considered to be appropriate.

Preparation of consolidated financial statements
The financial statements contain information about TPS Group Holdings (S-in-A) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised through total comprehensive income.

The fair value is ascertained by consideration of market evidence for similar properties in the same location and condition.


TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Non distributable reserve
The non distributable reserve consists of the fair value adjustment to investment properties net of deferred tax provision on any potential gains.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 206,228
Additions 1,338
At 31 December 2024 207,566
DEPRECIATION
At 1 January 2024 179,622
Charge for year 4,193
At 31 December 2024 183,815
NET BOOK VALUE
At 31 December 2024 23,751
At 31 December 2023 26,606

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2024
and 31 December 2024 60,001
NET BOOK VALUE
At 31 December 2024 60,001
At 31 December 2023 60,001

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,000,000
NET BOOK VALUE
At 31 December 2024 2,000,000
At 31 December 2023 2,000,000

TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. INVESTMENT PROPERTY - continued

The investment properties were valued on a fair value basis on 31 December 2023 by the directors.

The directors do not consider the fair value of investment properties to have changed as at 31 December 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 564 1,150
Other debtors 20,881 34,849
21,445 35,999

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 7,538 15,285
Amounts owed to group undertakings 431,545 350,420
Taxation and social security 13,877 30,765
Other creditors 70,694 67,429
523,654 463,899

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
62,748 Ordinary £1 62,748 62,748
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
62,752 62,752

10. CONTINGENT LIABILITIES

The company is a member of a group VAT registration and is jointly and severally liable for the group VAT liabilities which at 31 December 2024 amounted to £30,325 (2023 - £27,168).

TPS Group Holdings (S-in-A) Limited (Registered number: 02522080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mrs E L Oldershaw
Balance outstanding at start of year 15,000 15,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,000 15,000

Interest charged by the company during the year, at between 2.00% and 2.25% per annum, amounted to £338 (2023 - £328).

12. ULTIMATE PARENT COMPANY

Oldershaw Holdings Limited is regarded by the directors as being the company's ultimate parent undertaking.