Tmlstp Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10761777 (England and Wales)

Tmlstp Limited

Unaudited Financial Statements

for the Period 9 May 2017 to 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs N Wellington

REGISTERED OFFICE:

Viscount Court

Frank Whittle Way

Blackpool

FY4 2FB

REGISTERED NUMBER:

10761777 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

CURRENT ASSETS

Debtors

5

1,512,346

Cash at bank

1,057,239

2,569,585

CREDITORS

Amounts falling due within one year

6

1,200

NET CURRENT ASSETS

2,568,385

TOTAL ASSETS LESS CURRENT LIABILITIES

2,568,385

CREDITORS

Amounts falling due after more than one year

7

2,990,333

NET LIABILITIES

(421,948

)

CAPITAL AND RESERVES

Called up share capital

9

1

Retained earnings

10

(421,949

)

SHAREHOLDERS' FUNDS

(421,948

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 20 March 2019 and were signed by:

Mrs N Wellington - Director

1.	STATUTORY INFORMATION

Tmlstp Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

The amounts in the financial statements have been rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

At the balance sheet date the company had an excess of liabilities over assets. The financial

statements have been prepared on a going concern basis as the parent company TM Legal Services

Limited, has confirmed that it will continue to provide financial support to the company for the

foreseeable future.

Turnover

Turnover represents cash collected from customers in relation to agreed payment plans or settlement

arrangements, on a received basis. Any interest, litigation costs or administration fees levied on

customer balances are amortised in line with the cash collect profile over the life of the balance

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions

of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are

initially measured at transaction price and are subsequently carried at cost unless the arrangement

indicates otherwise and then the asset is measured at the present value of the future receipts

discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals,

bank loans and group borrowings, are initially recognised at transaction price and are subsequently

carried at cost unless the arrangement indicates otherwise and then the liability is measured at the

present value of the future obligations discounted at a market rate of interest.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

81,361

Amounts owed by group undertakings

1,430,985

1,512,346

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Accruals and deferred income

1,200

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other loans - 2-5 years

2,990,333

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Other loans - 2-5 years

2,990,333

There is a fixed and floating charge dated 7 August 2017.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

A Ordinary

£1

1

1 A Ordinary share of £1 was issued during the period for cash of £ 1 .

10.

RESERVES

Retained

earnings

£

Deficit for the period

(421,949

)

At 31 March 2018

(421,949

)

11.	RELATED PARTY DISCLOSURES

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.

12.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is ultimately controlled by the directors of the parent

company T M Legal Services Limited, a company incorporated in the United Kingdom and the 100%

parent company of the entity.