Company registration number 13829961 (England and Wales)
TG GROUP OF COMPANIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
TG GROUP OF COMPANIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TG GROUP OF COMPANIES LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
100
100
Current assets
Debtors
4
954,689
954,700
Cash at bank and in hand
244
200
954,933
954,900
Creditors: amounts falling due within one year
5
(45,000)
(23,067)
Net current assets
909,933
931,833
Net assets
910,033
931,933
Capital and reserves
Called up share capital
6
300
300
Profit and loss reserves
909,733
931,633
Total equity
910,033
931,933

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 June 2025
H Nori
Director
Company registration number 13829961 (England and Wales)
TG GROUP OF COMPANIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

TG Group of Companies Limited is a private company limited by shares incorporated in England and Wales. The registered office is K3 Middlesex Business Centre, Bridge Road, Southall, Middlesex, UB2 4AB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

TG GROUP OF COMPANIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
TG GROUP OF COMPANIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
100
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
99,989
-
0
Other debtors
854,700
954,700
954,689
954,700
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
56
Other creditors
45,000
23,011
45,000
23,067
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary "A" shares of £1 each
135
135
135
135
Ordinary "B" shares of £1 each
39
39
39
39
Ordinary "C" shares of £1 each
18
18
18
18
Ordinary "D" shares of £1 each
18
18
18
18
Ordinary "E" shares of £1 each
18
18
18
18
Ordinary "F" shares of £1 each
18
18
18
18
Ordinary "G" shares of £1 each
18
18
18
18
Ordinary "H" shares of £1 each
9
9
9
9
Ordinary "I" shares of £1 each
9
9
9
9
Ordinary "J" shares of £1 each
9
9
9
9
Ordinary "K" shares of £1 each
9
9
9
9
300
300
300
300

The Ordinary 'A', Ordinary 'B', Ordinary 'C', Ordinary 'D', Ordinary 'E', Ordinary 'F', Ordinary 'G', Ordinary 'H', Ordinary 'I', Ordinary 'J', and Ordinary 'K' shares rank pari passu in all respects except with the declaration of dividends, whereby a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of any other class of share.

TG GROUP OF COMPANIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
7
Related party transactions

Included within other debtors is an amount of £854,700 (2023: £929,700) due from Homeland Property Ltd, a company under common control.

 

The company paid dividends of £26,000 (2023: 21,000) to the director of the company and their family interests.

 

Included in other creditors is the amount of £45,000 (2023: £21,000) due to the director of the company. There are no terms as to interest or repayment for this amount.

 

2024-07-312023-08-01falsefalsefalse26 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityH Nori138299612023-08-012024-07-31138299612024-07-31138299612023-07-3113829961core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3113829961core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3113829961core:CurrentFinancialInstruments2024-07-3113829961core:CurrentFinancialInstruments2023-07-3113829961core:ShareCapital2024-07-3113829961core:ShareCapital2023-07-3113829961core:RetainedEarningsAccumulatedLosses2024-07-3113829961core:RetainedEarningsAccumulatedLosses2023-07-3113829961core:ShareCapitalOrdinaryShareClass12024-07-3113829961core:ShareCapitalOrdinaryShareClass12023-07-3113829961core:ShareCapitalOrdinaryShareClass22024-07-3113829961core:ShareCapitalOrdinaryShareClass22023-07-3113829961core:ShareCapitalOrdinaryShareClass32024-07-3113829961core:ShareCapitalOrdinaryShareClass42024-07-3113829961core:ShareCapitalOrdinaryShareClass42023-07-3113829961core:ShareCapitalOrdinaryShareClass52024-07-3113829961core:ShareCapitalOrdinaryShareClass52023-07-3113829961core:ShareCapitalOrdinaryShares2024-07-3113829961bus:Director12023-08-012024-07-31138299612022-08-012023-07-3113829961core:WithinOneYear2024-07-3113829961core:WithinOneYear2023-07-3113829961bus:OrdinaryShareClass12023-08-012024-07-3113829961bus:OrdinaryShareClass22023-08-012024-07-3113829961bus:OrdinaryShareClass32023-08-012024-07-3113829961bus:OrdinaryShareClass52023-08-012024-07-3113829961bus:OrdinaryShareClass42023-08-012024-07-3113829961bus:OrdinaryShareClass12024-07-3113829961bus:OrdinaryShareClass12023-07-3113829961bus:OrdinaryShareClass22024-07-3113829961bus:OrdinaryShareClass22023-07-3113829961bus:OrdinaryShareClass32024-07-3113829961bus:OrdinaryShareClass42024-07-3113829961bus:OrdinaryShareClass42023-07-3113829961bus:OrdinaryShareClass52024-07-3113829961bus:OrdinaryShareClass52023-07-3113829961bus:PrivateLimitedCompanyLtd2023-08-012024-07-3113829961bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3113829961bus:FRS1022023-08-012024-07-3113829961bus:AuditExemptWithAccountantsReport2023-08-012024-07-3113829961bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP