| REGISTERED NUMBER: |
| Teamwork (London) Limited |
| Unaudited Financial Statements |
| For The Period |
| 1st January 2025 to 31st March 2026 |
| REGISTERED NUMBER: |
| Teamwork (London) Limited |
| Unaudited Financial Statements |
| For The Period |
| 1st January 2025 to 31st March 2026 |
| Teamwork (London) Limited (Registered number: 03813948) |
| Contents of the Financial Statements |
| For The Period 1st January 2025 to 31st March 2026 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 | to | 3 |
| Teamwork (London) Limited (Registered number: 03813948) |
| Balance Sheet |
| 31st March 2026 |
| 2026 | 2024 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Teamwork (London) Limited (Registered number: 03813948) |
| Notes to the Financial Statements |
| For The Period 1st January 2025 to 31st March 2026 |
| 1. | STATUTORY INFORMATION |
| Teamwork (London) Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| As the company has ceased trading, these financial statements have been prepared on a non-going-concern basis. Accordingly, assets have been stated at their recoverable amounts and liabilities at the amounts expected to be settled. |
| The accounting period has been extended from the usual year-end of 31 December 2025 to 31 March 2026 to facilitate the completion of post-sale matters following the disposal of the company’s trade and assets. As a result, the current period covers 15 months and the comparative figures relate to a 12-month period; therefore, they are not entirely comparable. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the period 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 period 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Teamwork (London) Limited (Registered number: 03813948) |
| Notes to the Financial Statements - continued |
| For The Period 1st January 2025 to 31st March 2026 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2024 |
| value: | £ | £ |
| Ordinary A | £1 | 5 | 5 |
| Ordinary B | £1 | 38 | 38 |
| Ordinary C | £1 | 55 | 55 |
| Ordinary D | £1 | 1 | 1 |
| Ordinary E | £1 | 1 | 1 |
| 100 | 100 |
| 7. | RELATED PARTY DISCLOSURES |
| At the year end the company owes the directors £6,297 (2024 - £26,316) relating to interest free loans with no set repayment terms. |
| Parent Company |
| At the year end the parent company owes the company £Nil (2024 - £171,467 other creditors) included in other debtors. |