2
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2024-04-01
Sage Accounts Production Advanced 2024 - FRS102_2024
1,769,898
75,000
8,671
1,836,227
1,507,390
328,837
262,508
xbrli:pure
xbrli:shares
iso4217:GBP
09518457
2024-04-01
2025-03-31
09518457
2025-03-31
09518457
2024-03-31
09518457
2023-04-01
2024-03-31
09518457
2024-03-31
09518457
2023-03-31
09518457
core:PlantMachinery
2024-04-01
2025-03-31
09518457
bus:Director1
2024-04-01
2025-03-31
09518457
core:PlantMachinery
2024-03-31
09518457
core:LandBuildings
core:OwnedOrFreeholdAssets
2025-03-31
09518457
core:PlantMachinery
2025-03-31
09518457
core:WithinOneYear
2025-03-31
09518457
core:WithinOneYear
2024-03-31
09518457
core:ShareCapital
2025-03-31
09518457
core:ShareCapital
2024-03-31
09518457
core:CapitalRedemptionReserve
2025-03-31
09518457
core:CapitalRedemptionReserve
2024-03-31
09518457
core:OtherReservesSubtotal
2025-03-31
09518457
core:OtherReservesSubtotal
2024-03-31
09518457
core:RetainedEarningsAccumulatedLosses
2025-03-31
09518457
core:RetainedEarningsAccumulatedLosses
2024-03-31
09518457
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-31
09518457
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2025-03-31
09518457
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2025-03-31
09518457
core:CostValuation
core:Non-currentFinancialInstruments
2025-03-31
09518457
core:Non-currentFinancialInstruments
core:ProvisionsForImpairmentInvestments
2025-03-31
09518457
core:Non-currentFinancialInstruments
2025-03-31
09518457
core:Non-currentFinancialInstruments
2024-03-31
09518457
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-03-31
09518457
core:PlantMachinery
2024-03-31
09518457
bus:SmallEntities
2024-04-01
2025-03-31
09518457
bus:AuditExempt-NoAccountantsReport
2024-04-01
2025-03-31
09518457
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
09518457
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
09518457
bus:FullAccounts
2024-04-01
2025-03-31
09518457
core:Land
2025-03-31
09518457
core:Land
2024-03-31
COMPANY REGISTRATION NUMBER:
09518457
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
5 |
1,889,695 |
1,893,930 |
|
Investments |
6 |
328,837 |
262,508 |
|
------------ |
------------ |
|
2,218,532 |
2,156,438 |
|
|
|
|
Current assets
|
Debtors |
7 |
244,215 |
152,920 |
|
Cash at bank and in hand |
336,662 |
449,633 |
|
--------- |
--------- |
|
580,877 |
602,553 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
60,307 |
108,096 |
|
--------- |
--------- |
|
Net current assets |
520,570 |
494,457 |
|
------------ |
------------ |
|
Total assets less current liabilities |
2,739,102 |
2,650,895 |
|
------------ |
------------ |
|
Net assets |
2,739,102 |
2,650,895 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
375,000 |
375,000 |
|
Capital redemption reserve |
337,500 |
337,500 |
|
Other reserves |
112,501 |
112,501 |
|
Profit and loss account |
1,914,101 |
1,825,894 |
|
------------ |
------------ |
|
Shareholders funds |
2,739,102 |
2,650,895 |
|
------------ |
------------ |
|
|
|
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 March 2025 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
.
|
Statement of Financial Position (continued) |
|
31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
26 August 2025
, and are signed on behalf of the board by:
Company registration number:
09518457
|
Notes to the Financial Statements |
|
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15A Bentley Wynd, Yarm, Teesside, TS15 9BS.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% reducing balance |
|
|
|
|
Freehold Land - Not depreciated
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Tangible assets
|
Freehold property |
Plant and machinery |
Freehold land |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
|
|
|
|
|
At 1 April 2024 and 31 March 2025 |
1,500,000 |
30,111 |
376,992 |
1,907,103 |
|
------------ |
-------- |
--------- |
------------ |
|
Depreciation |
|
|
|
|
|
At 1 April 2024 |
– |
13,173 |
– |
13,173 |
|
Charge for the year |
– |
4,235 |
– |
4,235 |
|
------------ |
-------- |
--------- |
------------ |
|
At 31 March 2025 |
– |
17,408 |
– |
17,408 |
|
------------ |
-------- |
--------- |
------------ |
|
Carrying amount |
|
|
|
|
|
At 31 March 2025 |
1,500,000 |
12,703 |
376,992 |
1,889,695 |
|
------------ |
-------- |
--------- |
------------ |
|
At 31 March 2024 |
1,500,000 |
16,938 |
376,992 |
1,893,930 |
|
------------ |
-------- |
--------- |
------------ |
|
|
|
|
|
Investment property comprises of freehold commercial buildings. The fair value has been arrived at on the basis of a valuation carried out by the directors and they believe the valuation remained appropriate as at 31 March 2025.
6.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 April 2024 |
1,769,898 |
|
Additions |
75,000 |
|
Disposals |
(
8,671) |
|
------------ |
|
At 31 March 2025 |
1,836,227 |
|
------------ |
|
Impairment |
|
|
At 1 April 2024 and 31 March 2025 |
1,507,390 |
|
------------ |
|
|
|
Carrying amount |
|
|
At 31 March 2025 |
328,837 |
|
------------ |
|
At 31 March 2024 |
262,508 |
|
------------ |
|
|
The following were subsidiary undertakings of the Company:
TCC Holdings Limited, a holding company, registered at 15A Bentley Wynd, Yarm, Teesside, TS15 9BS - 100% Ordinary shares
Town Centre Garage (Sunderland) Limited, a motor dealership, registered at 15A Bentley Wynd, Yarm, Teesside, TS15 9BS - Indirect holding 100% Ordinary shares
Autosmith NE Limited, a used car sales company, registered at 15A Bentley Wynd, Yarm, Teesside, TS15 9BS - 100% Ordinary shares
Lookeye Limited, a motor mechanics, registered at 17 Hemming Street, Grangetown, Sunderland, SR2 9RH - 100% Ordinary shares.
The investment in TCC Holdings Ltd has been impaired down to £nil as the company is currently in the process of a Members Solvent Voluntary Liquidation.
7.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
1,229 |
250 |
|
Amounts owed by group undertakings |
231,454 |
142,826 |
|
Other debtors |
11,532 |
9,844 |
|
--------- |
--------- |
|
244,215 |
152,920 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
8,583 |
6,627 |
|
Corporation tax |
4,882 |
19,342 |
|
Social security and other taxes |
7,761 |
6,848 |
|
Deferred creditor |
– |
31,766 |
|
Other creditors |
39,081 |
43,513 |
|
-------- |
--------- |
|
60,307 |
108,096 |
|
-------- |
--------- |
|
|
|
9.
Related party transactions
The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group. In both the current and previous year, included within debtors due within one year is an amount due from other group companies.