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REGISTERED NUMBER: SC388395 (Scotland)









TENNEX SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024






TENNEX SERVICES LIMITED (REGISTERED NUMBER: SC388395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TENNEX SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: A S Wylie
C Brydon





REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL





REGISTERED NUMBER: SC388395 (Scotland)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TENNEX SERVICES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tennex Services Limited for the year ended 30th November 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Tennex Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tennex Services Limited and state those matters that we have agreed to state to the Board of Directors of Tennex Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tennex Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tennex Services Limited. You consider that Tennex Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tennex Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


27th August 2025

TENNEX SERVICES LIMITED (REGISTERED NUMBER: SC388395)

BALANCE SHEET
30TH NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 128
Investment property 5 1,085,000 1,035,000
1,085,000 1,035,128

CURRENT ASSETS
Debtors 6 87,479 138,122
Cash at bank 152,614 105,514
240,093 243,636
CREDITORS
Amounts falling due within one year 7 79,766 87,204
NET CURRENT ASSETS 160,327 156,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,245,327

1,191,560

PROVISIONS FOR LIABILITIES 20,445 10,318
NET ASSETS 1,224,882 1,181,242

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,223,882 1,180,242
SHAREHOLDERS' FUNDS 1,224,882 1,181,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

TENNEX SERVICES LIMITED (REGISTERED NUMBER: SC388395)

BALANCE SHEET - continued
30TH NOVEMBER 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 27th August 2025 and were signed on its behalf by:





A S Wylie - Director


TENNEX SERVICES LIMITED (REGISTERED NUMBER: SC388395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Tennex Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents fees for work carried out as a medical physician and rental income receivable for investment properties held, exclusive of Value Added Tax where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Computer equipment - 33% straight line

Investment properties
Investment property is included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate at the balance sheet date.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TENNEX SERVICES LIMITED (REGISTERED NUMBER: SC388395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st December 2023 2,989 1,072 4,061
Disposals - (275 ) (275 )
At 30th November 2024 2,989 797 3,786
DEPRECIATION
At 1st December 2023 2,989 944 3,933
Charge for year - 128 128
Eliminated on disposal - (275 ) (275 )
At 30th November 2024 2,989 797 3,786
NET BOOK VALUE
At 30th November 2024 - - -
At 30th November 2023 - 128 128

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2023 1,035,000
Revaluations 50,000
At 30th November 2024 1,085,000
NET BOOK VALUE
At 30th November 2024 1,085,000
At 30th November 2023 1,035,000

Fair value at 30th November 2024 is represented by:
£   
Valuation in 2024 1,085,000

The investment property held at 30th November 2024 has been stated in the balance sheet at its open market value as determined by the directors. The historical cost of the property is £993,726 (2023 - £993,726).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 81,510 134,170
Other debtors 5,969 3,952
87,479 138,122

TENNEX SERVICES LIMITED (REGISTERED NUMBER: SC388395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 2,132 1,418
Taxation and social security 39,039 58,213
Other creditors 38,595 27,573
79,766 87,204

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
500 A Ordinary £1 500 500
500 B Ordinary £1 500 500
1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current period.