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Registered number: 13073962
TINZ LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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TINZ LIMITED
CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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TINZ LIMITED
COMPANY INFORMATION
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I R Graves (resigned 24 February 2025)
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J A L Harben (appointed 24 February 2025)
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TINZ LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors present their report and the financial statements for the year ended 31 December 2024.
The Directors who served during the year were:
I R Graves (resigned 24 February 2025)
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In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 28 August 2025 and signed on its behalf.
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TINZ LIMITED
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
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Interest receivable and similar income
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Profit for the financial year
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The notes on pages 5 to 11 form part of these financial statements.
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TINZ LIMITED
REGISTERED NUMBER: 13073962
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Property, plant and equipment
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements were approved and authorised for issue by the Board of Directors and were signed on its behalf by:
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Approved by the board on 28 August 2025
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The notes on pages 5 to 11 form part of these financial statements.
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TINZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TINZ Limited is a private company limited by shares and is incorporated in England and Wales. Its registered number is 13073962. The registered office is Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JX.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 comprise the unaudited financial statements of the Company and are stated in pound sterling, the Company's functional and presentational currency. Monetary amounts in these financial statements are rounded to the nearest £.
The following principal accounting policies which have been applied consistently throughout the year are set out below.
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Interest income is recognised in profit or loss using the effective interest method.
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TINZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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Property, plant and equipment
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Property, plant and equipment under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to write off the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Straight line over 3 years
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Investments in subsidiaries are measured at cost less accumulated impairment.
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TINZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
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.
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.
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.
The Company has no employees (2023: Nil) and there were £Nil (2023: £Nil) staff costs during the year.
The Directors did not receive any renumeration from the Company (2023: £Nil) but were renumerated by their respective employing entity.
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TINZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Property, plant and equipment
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Charge for the year on owned assets
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TINZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Investments in subsidiary companies
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The following were subsidiary undertakings of the Company:
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TINZ Programme 1 HoldCo Limited
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TINZ Programme 2 HoldCo Limited
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TINZ Programme 3 HoldCo Limited
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The registered office of the above subsidiaries is Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JX.
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Amounts owed by group undertakings
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Amounts owed by group undertakings have no interest payable, are unsecured and are repayable on demand.
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Cash and cash equivalents
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TINZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed to related parties
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Accruals and deferred income
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Amounts owed to group undertakings and related parties are unsecured, repayable on demand and no interest is payable on these amounts.
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Credited to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Authorised, allotted, called up and fully paid
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2 (2023 - 2) Ordinary shares of £1 each
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There is a single class of ordinary shares. There are no restrictions on dividends and the repayment of capital.
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TINZ LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Related party transactions
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During the year the Company received shareholder loans of £Nil (2023: £297,762) from Net Zero Energy Development Limited and £Nil (2023: £297,762) from Transmission Investment Holdings Limited.
During the year the Company repaid shareholder loans of £467,900 (2023: £623,378) from Net Zero Energy Development Limited and £467,900 (2023: £623,378) from Transmission Investment Holdings Limited.
The balance at the year end of £Nil (2023: £467,900) was due to Net Zero Energy Development Limited and £Nil (2023: £467,900) was due to Transmission Investment Holdings Limited, the balances are shown within note 8 under amounts owed to related parties.
The Company has taken advantage of the exemption available in section 33 Related Party Disclosures of FRS 102 to not disclose transactions with other wholly owned subsidiaries in the group.
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Events after the reporting date
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There were no events subsequent to the date of the Statement of Financial Position with a material impact on the reporting period.
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Ultimate controlling party
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The Company is jointly controlled by Net Zero Energy Development Limited and Transmission Investment Holdings Limited.
There is no ultimate controlling party.
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