2023-09-012024-08-312024-08-31false11532685TM (HOLDINGS) 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TM (HOLDINGS) LIMITED

Registered Number
11532685
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

TM (HOLDINGS) LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

MASOOD, Tariq

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

11532685 (England and Wales)
TM (HOLDINGS) LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3581581
581581
Current assets
Debtors4276,552393,612
Cash at bank and on hand6,034120
282,586393,732
Creditors amounts falling due within one year5(256,873)(367,923)
Net current assets (liabilities)25,71325,809
Total assets less current liabilities26,29426,390
Net assets26,29426,390
Capital and reserves
Called up share capital4141
Profit and loss account26,25326,349
Shareholders' funds26,29426,390
The financial statements were approved and authorised for issue by the Director on 23 May 2025, and are signed on its behalf by:
MASOOD, Tariq
Director
Registered Company No. 11532685
TM (HOLDINGS) LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 September 23581581
At 31 August 24581581
Net book value
At 31 August 24581581
At 31 August 23581581

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings276,552393,612
Total276,552393,612
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties162,300158,800
Other creditors93,973208,283
Accrued liabilities and deferred income600840
Total256,873367,923
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Directors advances, credits and guarantees
Other creditors include a balance of £3,973 (2023: £123,783) related to the director's loan account Mr T Masood.
7.Related party transactions
At the year-end, Amounts owed by/to group undertakings balance include £80,700 (2023: £77,200) due to KTM (North East) Ltd and £73,400 (2023: £73,400) due to ATM (North East) Ltd and £8,100 (2023: £8,100) due to TSN (North East) Ltd and £100 (2023: £100) due to Ruksana Properties Ltd and £98,959 (2023: £98,959) due from KATS (Stockton) Ltd and £Nil (2023: £460) due from Task (Metro) Ltd and £178,693 (2023: £294,193) due from SBM (Northern) Ltd where Mr T Masood is also director of those companies.