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

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

TULIMUS LIMITED - Company Information

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REGISTERED NUMBER: 09629071 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

TULIMUS LIMITED
TULIMUS LIMITED (REGISTERED NUMBER: 09629071)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TULIMUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTOR: J A Stevens





REGISTERED OFFICE: 4 Mount Ephraim Road
Tunbridge Wells
Kent
TN1 1EE





REGISTERED NUMBER: 09629071 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4 Mount Ephraim Road
Tunbridge Wells
Kent
TN1 1EE
Page 1
TULIMUS LIMITED (REGISTERED NUMBER: 09629071)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investments 3 4,214,234 4,214,234

CURRENT ASSETS
Cash at bank 492 261

CREDITORS
Amounts falling due within one year 4 526,756 525,900
NET CURRENT LIABILITIES (526,264 ) (525,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,687,970
3,688,595

CREDITORS
Amounts falling due after more than one
year
5
2,561,037
3,172,828
NET ASSETS 1,126,933 515,767

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 1,126,931 515,765
SHAREHOLDERS' FUNDS 1,126,933 515,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 21 June 2019 and were signed by:





J A Stevens - Director


The notes form part of these financial statements

Page 2
TULIMUS LIMITED (REGISTERED NUMBER: 09629071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018


1. STATUTORY INFORMATION

Tulimus 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.

2. ACCOUNTING POLICIES

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

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when
preparing the financial statements. The directors confirm that they consider that the going concern basis remains
appropriate. The directors believe that the company has sufficient resources to continue in operational existence
for the foreseeable future. The directors believe this to be the case as the company's long term creditors are the
director and the subsidiary company who will not demand repayment of their loans at the detriment of the
company's ability to continue as a going concern. Thus they continue to adopt the going concern basis of
accounting in preparing the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice
of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three
months from the date of acquisition and that are readily convertible to known amounts of cash with no significant
risk of change in value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors
Short term creditors are measured at the transaction price.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic
of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Page 3 continued...
TULIMUS LIMITED (REGISTERED NUMBER: 09629071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2017
and 30 September 2018 4,214,234
NET BOOK VALUE
At 30 September 2018 4,214,234
At 30 September 2017 4,214,234

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other creditors 525,000 525,000
Accrued expenses 1,756 900
526,756 525,900

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Other creditors 549,564 1,048,355
Directors' loan accounts 2,011,473 2,124,473
2,561,037 3,172,828

6. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
1 Ordinary A 1.00 1 1
1 Ordinary B 1.00 1 1
2 2

7. RESERVES
Retained
earnings
£   

At 1 October 2017 515,765
Profit for the year 615,166
Dividends (4,000 )
At 30 September 2018 1,126,931

Page 4 continued...
TULIMUS LIMITED (REGISTERED NUMBER: 09629071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


8. RELATED PARTY DISCLOSURES

J A Stevens
Director


During the year, dividends of £2,000 (2017: £5,000) were voted to J A Stevens. At the balance sheet date the
amount due to J A Stevens was £2,011,473 (2017: £2,124,473).

9. ULTIMATE CONTROLLING PARTY

The Director considers J A Stevens and M T Stevens to be the ultimate controlling parties.

Page 5