1 January 2024 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP123595182024-01-012024-12-31123595182024-12-31123595182023-12-3112359518core:WithinOneYear2024-12-3112359518core:WithinOneYear2023-12-3112359518core:AfterOneYear2024-12-3112359518core:AfterOneYear2023-12-3112359518core:RetainedEarningsAccumulatedLosses2024-12-3112359518core:RetainedEarningsAccumulatedLosses2023-12-3112359518bus:Director12024-01-012024-12-3112359518bus:RegisteredOffice2024-01-012024-12-3112359518core:OtherResidualIntangibleAssets2024-01-012024-12-3112359518core:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-3112359518core:IntangibleAssetsOtherThanGoodwill2024-12-3112359518core:IntangibleAssetsOtherThanGoodwill2023-12-311235951812024-01-012024-12-31123595182023-01-012023-12-3112359518countries:EnglandWales2024-01-012024-12-3112359518bus:AuditExemptWithAccountantsReport2024-01-012024-12-3112359518bus:PrivateLimitedCompanyLtd2024-01-012024-12-3112359518bus:SmallEntities2024-01-012024-12-3112359518bus:FullAccounts2024-01-012024-12-31
Company registration number:
12359518
TOB The First (UK) ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2024
TOB The First (UK) ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of TOB The First (UK) ltd
Year ended
31 December 2024
As described on the statement of financial position, the Board of Directors of
TOB The First (UK) ltd
are responsible for the preparation of the
financial statements
for the year ended
31 December 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
David Martin trading as CLB
81 The Point
Marina Close
Bournemouth
Dorset
BH5 1BT
United Kingdom
Date:
29 September 2025
TOB The First (UK) ltd
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Intangible assets 5
6,000
 
6,000
 
Current assets    
Stocks
24,030
  -  
Debtors 6
(100
 )
(100
 )
Investments 7
11,000
 
11,500,000
 
Cash at bank and in hand
(1,658
 )
(2,756
 )
33,272
 
11,497,144
 
Creditors: amounts falling due within one year 8
28,000
 
28,000
 
Net current assets
61,272
 
11,525,144
 
Total assets less current liabilities 67,272   11,531,144  
Creditors: amounts falling due after more than one year 9
(169,075
 )
(11,567,499
 )
Net liabilities
(101,803
 )
(36,355
 )
Capital and reserves    
Profit and loss account
(101,803
 )
(36,355
 )
Shareholders deficit
(101,803
 )
(36,355
 )
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
Mr V Dale
Director
Company registration number:
12359518
TOB The First (UK) ltd
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Clb Vo29 203-205 Charminster Road
,
Bournemouth
,
Dorset
,
BH8 9QQ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
25% straight line
Patents, trademarks and licences
Plus 5% per annum

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 January 2024
and
31 December 2024
6,000
 
Amortisation  
At
1 January 2024
and
31 December 2024
 -  
Carrying amount  
At
31 December 2024
6,000
 
At 31 December 2023
6,000
 

6 Debtors

20242023
££
Other debtors
(100
 )
(100
 )

7 Investments

20242023
££
Other current asset investments
11,000
 
11,500,000
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
(28,000
 )
(28,000
 )

9 Creditors: amounts falling due after more than one year

20242023
££
Other creditors
169,075
 
11,567,499