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TINZ PROGRAMME 1 PROJECTCO 2 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TINZ Programme 1 ProjectCo 2 Limited is a private company limited by shares and is incorporated in England and Wales. Its registered number is 13078723. The registered office address 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.
Work in progress relates to costs incurred for projects currently in initial stages of development. Cost is measured at transaction price. Costs are expensed to the Income Statement as soon as a project is no longer viable.
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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