Company Registration No. 12929287 (England and Wales)
Tu Nguyen Holdings Ltd
UNAUDITED ACCOUNTS
for the year ended 31 October 2024
Tu Nguyen Holdings Ltd
UNAUDITED ACCOUNTS
Contents
Tu Nguyen Holdings Ltd
Company Information
for the year ended 31 October 2024
Director
Mr Dinh Tu Nguyen
Company Number
12929287 (England and Wales)
Registered Office
43 Teazel Avenue
Birmingham
West Midlands
B30 1LZ
England
Tu Nguyen Holdings Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
95,502
33,399
Creditors: amounts falling due within one year
(50,854)
(34,806)
Net current assets
664,653
494,766
Net assets
664,836
494,948
Called up share capital
100
100
Profit and loss account
664,736
494,848
Shareholders' funds
664,836
494,948
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 July 2025 and were signed on its behalf by
Mr Dinh Tu Nguyen
Director
Company Registration No. 12929287
Tu Nguyen Holdings Ltd
Notes to the Accounts
for the year ended 31 October 2024
Tu Nguyen Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12929287. The registered office is 43 Teazel Avenue, Birmingham, West Midlands, B30 1LZ, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Transactions with related parties
Other debtors include the following balances receivable:
Nguyen Holdings Limited – £37,001 (2023: £37,001)
Vo Nguyen Holdings Ltd – £390,001 (2023: £240,001)
The balance due from Vo Nguyen Holdings Ltd represents a loan advanced by the company. Interest is charged on this loan at the Bank of England base rate (currently 3% per annum). A formal loan agreement is in place setting out the terms of repayment and interest.
Mr. Dinh Tu Nguyen is a common director and shareholder of both Nguyen Holdings Limited and Vo Nguyen Holdings Ltd. Accordingly, these balances are considered related party transactions.
Amounts due from group undertakings include the following balances:
- Tu Nguyen Management Ltd – £65,525 (2023: £106,780)
- Nguyen Family Holdings Ltd – £124,422 (2023: £112,002)
- Rivendell Holdings Ltd – £919 (2023: £81 payable)
Amounts due to group undertakings include the following balances:
- Tu Brighter Horizon Ltd – £48,454 (2023: £34,106)
All balances with group undertakings are unsecured, interest-free, and repayable on demand, unless otherwise stated.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).