REGISTERED NUMBER:
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TENNANTS TAR DISTILLERS AND ENGINEERING |
SUPPLIES, LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2021 |
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REGISTERED NUMBER:
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TENNANTS TAR DISTILLERS AND ENGINEERING |
SUPPLIES, LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2021 |
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TENNANTS TAR DISTILLERS AND ENGINEERING |
SUPPLIES, LIMITED (REGISTERED NUMBER: NI001972) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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TENNANTS TAR DISTILLERS AND ENGINEERING |
SUPPLIES, LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants & Statutory Auditors |
Arthur House |
41 Arthur Street |
BELFAST |
BT1 4GB |
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SOLICITORS: |
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Marlborough House |
30 Victoria Street |
Belfast |
BT1 3GG |
TENNANTS TAR DISTILLERS AND ENGINEERING |
SUPPLIES, LIMITED (REGISTERED NUMBER: NI001972) |
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ABRIDGED BALANCE SHEET |
31 DECEMBER 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 Board of Directors and authorised for issue on
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TENNANTS TAR DISTILLERS AND ENGINEERING |
SUPPLIES, LIMITED (REGISTERED NUMBER: NI001972) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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1. | STATUTORY INFORMATION |
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Tennants Tar Distillers and Engineering Supplies, Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Recoverability of debtors |
Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including the current trading experience, historical experience and the aging profile of debtors are considered. |
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Investments in subsidiaries |
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
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A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. |
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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 FRS 102 to all of its financial instruments. |
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Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
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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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Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
TENNANTS TAR DISTILLERS AND ENGINEERING |
SUPPLIES, LIMITED (REGISTERED NUMBER: NI001972) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
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4. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 January 2021 |
and 31 December 2021 | 1 |
NET BOOK VALUE |
At 31 December 2021 | 1 |
At 31 December 2020 | 1 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: Northern Ireland |
Nature of business:
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Class of shares: | holding |
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5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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The Senior Statutory Auditor was Michael Barnett for and on behalf of McAleer Jackson Ltd. |
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6. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent and controlling company is Tennants Consolidated Limited, a company incorporated in the United Kingdom. The address of the registered office of the parent company is 35 Queen Anne Street, London W1G 9HZ. |