COMPANY REGISTRATION NUMBER:
08427716
TENANT SHOP FINANCIAL SERVICES LIMITED
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FILLETED UNAUDITED FINANCIAL STATEMENTS
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TENANT SHOP FINANCIAL SERVICES LIMITED
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STATEMENT OF FINANCIAL POSITION
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30 March 2022
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30 Mar 22
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31 Mar 21
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Note
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£
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£
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£
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Current assets
Debtors
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5
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2,680,598
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2,680,598
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-------------
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-------------
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Net current assets
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2,680,598
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2,680,598
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-------------
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Total assets less current liabilities
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2,680,598
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2,680,598
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-------------
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Capital and reserves
Called up share capital
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3,571,743
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3,571,743
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Share premium account
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66,668
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66,668
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Profit and loss account
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(
957,813)
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(
957,813)
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-------------
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-------------
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Shareholders funds
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2,680,598
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2,680,598
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-------------
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the period and has not made either a profit or loss.
For the period ending 30 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
6 December 2022
, and are signed on behalf of the board by:
Company registration number:
08427716
TENANT SHOP FINANCIAL SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
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PERIOD FROM 1 APRIL 2021 TO 30 MARCH 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cody Technology Park, Old Ively Road, Farnborough, Hants, United Kingdom, GU14 0LX.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the
historical cost basis
and are prepared in sterling
, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current period.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
Financial instruments
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to Nil
(2021:
2
).
5.
Debtors
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30 Mar 22
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31 Mar 21
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£
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£
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Amounts owed by group undertakings and undertakings in which the company has a participating interest
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2,630,598
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2,630,598
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Other debtors
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50,000
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50,000
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-------------
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2,680,598
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2,680,598
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6.
Related party transactions
The company has taken advantage of the exemption in FRS 102 for disclosure of transactions between group companies. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 (Section 1A).
7.
Controlling party
The immediate parent undertaking is
Tenant Shop Ltd
. The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Inchora Limited
. Copies of the Inchora Limited consolidated financial statements can be obtained from the Company Secretary at Cody Technology Park, Old Ively Road, Farnborough, England, GU14 0LX
. The ultimate controlling party is C Wallis
.