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Company Registration No. 10578946 (England and Wales)
TMG Holdings (SW) Limited Unaudited accounts for the year ended 31 December 2024
TMG Holdings (SW) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
TMG Holdings (SW) Limited Company Information for the year ended 31 December 2024
Directors
Mr C Knapman Mrs L Knapman
Company Number
10578946 (England and Wales)
Registered Office
Down Horn Farm Horn Lane Plymouth Devon PL9 9BR England
Accountants
Sean Clarke Accountancy 7 Southbrook Road Bovey Tracey Devon TQ13 9YZ
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TMG Holdings (SW) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,795 
15,334 
Investment property
5
1,413,380 
1,412,792 
Investments
6
179 
179 
1,416,354 
1,428,305 
Current assets
Debtors
7
(1,441)
37,974 
Cash at bank and in hand
10,634 
10,327 
9,193 
48,301 
Creditors: amounts falling due within one year
8
(364,379)
(377,236)
Net current liabilities
(355,186)
(328,935)
Total assets less current liabilities
1,061,168 
1,099,370 
Creditors: amounts falling due after more than one year
9
(883,482)
(936,150)
Net assets
177,686 
163,220 
Capital and reserves
Called up share capital
179 
179 
Profit and loss account
177,507 
163,041 
Shareholders' funds
177,686 
163,220 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
Mr C Knapman Director Company Registration No. 10578946
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TMG Holdings (SW) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
TMG Holdings (SW) Limited is a private company, limited by shares, registered in England and Wales, registration number 10578946. The registered office is Down Horn Farm, Horn Lane, Plymouth, Devon, PL9 9BR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Over 5 years
Computer equipment
25% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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TMG Holdings (SW) Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
27,425 
1,349 
28,774 
Additions
3,050 
- 
3,050 
Disposals
(27,425)
- 
(27,425)
At 31 December 2024
3,050 
1,349 
4,399 
Depreciation
At 1 January 2024
12,565 
875 
13,440 
Charge for the year
610 
119 
729 
On disposals
(12,565)
- 
(12,565)
At 31 December 2024
610 
994 
1,604 
Net book value
At 31 December 2024
2,440 
355 
2,795 
At 31 December 2023
14,860 
474 
15,334 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
1,412,792 
Additions
588 
At 31 December 2024
1,413,380 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
179 
Valuation at 31 December 2024
179 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
(1,441)
37,974 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,780 
3,780 
VAT
7 
(11,418)
Obligations under finance leases and hire purchase contracts
- 
3,676 
Amounts owed to group undertakings and other participating interests
188,443 
244,148 
Other creditors
1,400 
3,795 
Loans from directors
170,749 
133,255 
364,379 
377,236 
- 6 -
TMG Holdings (SW) Limited Notes to the Accounts for the year ended 31 December 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
883,482 
922,314 
Obligations under finance leases and hire purchase contracts
- 
13,836 
883,482 
936,150 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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