REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
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TEDAISY INVESTMENTS LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2019 |
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FOR |
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TEDAISY INVESTMENTS LIMITED |
TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 9 |
TEDAISY INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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East Wing |
Goffs Oak House |
Goffs Lane |
Goffs Oak |
Hertfordshire |
EN7 5BW |
TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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BALANCE SHEET |
31 DECEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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BALANCE SHEET - continued |
31 DECEMBER 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
by: |
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TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Tedaisy Investments Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The financial statements have been rounded to the nearest £. The company has no main principal place of |
business. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investments in associates |
Investments in associates are held at cost less accumulated impairment losses. |
TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. |
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Financial instruments are recognised in the company's statement of financial position when the company |
becomes party to the contractual provisions of the instrument. |
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Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price including transaction costs and are subsequently carried at amortised cost using the effective interest |
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the |
present value of the future receipts discounted at a market rate of interest. Financial assets classified as |
receivable within one year are not amortised. |
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Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or |
are settled, or when the company transfers the financial asset and substantially all the risks and rewards of |
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of |
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. |
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Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference |
shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes |
a financing transaction, where the debt instrument is measured at the present value of the future receipts |
discounted at a market rate of interest. Financial liabilities classified as payable within one year are not |
amortised. |
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Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or |
cancelled. |
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Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion |
of the company. |
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Taxation |
Taxation for the year 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 year end and that are expected to apply to the |
reversal of the timing difference. |
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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. |
TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 -
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2019 |
and 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
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COST |
Additions |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £0.10 | 10 | 10 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following loan from/(to) the director subsisted during the year ended 31 December 2019 and 31 December |
2018: |
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2019 | 2018 |
£ | £ |
P E Byrne |
Balance outstanding at start of year | (259,694 | ) | (488,694 | ) |
Balance outstanding at end of year | (53,204 | ) | (259,694 | ) |
Maximum balance outstanding during year | (264,253 | ) | (538,694 | ) |
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The above loan is interest free and repayable on demand. |
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10. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £178,350 (2018 - £338,000) were paid to the director . |
TEDAISY INVESTMENTS LIMITED (REGISTERED NUMBER: 09246225) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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10. | RELATED PARTY DISCLOSURES - continued |
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The director of the company, P Byrne, was also a director of Tedaisy Limited, Intrinsia Brokers Limited, |
Intrinsia Group Limited, Spinning Properties (Gibraltar) Limited and Tedaisy Insurance Group Limited during |
the year. |
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As at 31 December 2019 the following balances were included within debtors: |
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2019 | 2018 |
£ | £ |
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Tedaisy Limited | - | 88,337 |
Intrinsia Brokers Limited | 10,000 | 294,904 |
Spinning Properties (Gibraltar) Limited | 88,000 | 60,000 |
Tedaisy Insurance Group Limited | 619,129 | 593,780 |
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During the year a loan on the sum of £128,311 to Tedaisy Limited was written off through profit and loss |
during the year. |
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During the year a sum of £200,000 was converted from a loan in Intrinsia Brokers Limited into share capital of |
Intrinsia Group Limited.. |
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Included in in trade creditors at the year end is an amount charged by Intrinsia Brokers Limited for book |
keeping services £nil (2018:£25,000) |
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Income includes interest charged to Tedaisy Insurance Group Limited £35,349 (2018: £18,538) |
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Income includes interest charged to Intrinsia Brokers Limited £4,446 (2018: £nil) |
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Income includes financial services charged to Intrinsia Brokers Limited £25,000 (2018: £nil) |
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N Hayne is a shareholder of the company and the sister of the director, P Byrne. |
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As at 31 December 2019 she was owed £18,595 (2018: £9,876) by the company and this is included in |
creditors due within one year. |
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During the period, total dividends of £13,719 (2018: £26,000) were paid to N Hayne. |
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J Byrne is a shareholder of the company and the wife of the director, P Byrne. |
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During the period, total dividends of £82,315 (2018: £156,000) were paid to J Byrne. |
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
TEDAISY INVESTMENTS LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Tedaisy Investments Limited for the year ended 31 December 2019 which comprise the Income |
Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Tedaisy Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tedaisy Investments Limited and state those matters that we have agreed to state to the director of Tedaisy Investments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tedaisy Investments Limited and its director for our work or for this report. |
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It is your duty to ensure that Tedaisy Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tedaisy Investments Limited. You consider that Tedaisy Investments Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Tedaisy Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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East Wing |
Goffs Oak House |
Goffs Lane |
Goffs Oak |
Hertfordshire |
EN7 5BW |
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