Registration number:
Tanshire Holdings Limited
for the Year Ended 31 March 2018
Tanshire Holdings Limited
(Registration number: 02769118)
Statement of Financial Position as at 31 March 2018
Note |
2018 |
2017 |
|
Fixed assets |
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Other financial assets |
1,164,201 |
757,041 |
|
Current assets |
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Debtors |
|
|
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Cash at bank and in hand |
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|
|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
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Net assets |
|
|
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Capital and reserves |
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Called up share capital |
|
|
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Capital redemption reserve |
|
|
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Fair value reserve |
- |
|
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Profit and loss account |
|
|
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Total equity |
|
|
For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
.........................................
Director
Page 1 |
Tanshire Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Trade debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and bank deposits.
Trade creditors
Short term creditors are measured at the transaction price.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Employee benefits
Short-term employee benefits are recognised as an expense in the period which they are incurred.
Page 2 |
Tanshire Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Fair value reserve
The fair value reserve is used to record increases in the fair value of investments and decreases to the extent that such relates to an increase on the same asset.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
|
Non-current financial assets |
||
Cost or valuation |
||
At 1 April 2017 |
757,041 |
757,041 |
Fair value adjustments |
(40,943) |
(40,943) |
Additions |
1,792,865 |
1,792,865 |
Disposals |
(1,344,762) |
(1,344,762) |
At 31 March 2018 |
1,164,201 |
1,164,201 |
Carrying amount |
||
At 31 March 2018 |
|
1,164,201 |
Debtors |
2018 |
2017 |
|
Other debtors |
|
|
|
|
Page 3 |
Tanshire Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
|
Trade creditors |
|
|
Taxation and social security |
- |
|
Accruals and deferred income |
|
|
Other creditors |
|
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Page 4 |