TS Capital Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04923263 (England and Wales)

TS CAPITAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T D Coote

T Cowling

REGISTERED OFFICE:

Fountain House

130 Fenchurch Street

London

EC3M 5DJ

REGISTERED NUMBER:

04923263 (England and Wales)

INDEPENDENT AUDITORS:

Hilden Park Accountants Limited

Chartered Accountants

& Statutory Auditors

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

FIXED ASSETS

Tangible assets

4

6,530

2,580

CURRENT ASSETS

Debtors

5

248,875

275,223

Investments

6

13,153

46,156

Cash at bank

2,855

214

264,883

321,593

CREDITORS

Amounts falling due within one year

7

186,269

152,034

NET CURRENT ASSETS

78,614

169,559

TOTAL ASSETS LESS CURRENT
LIABILITIES

85,144

172,139

CAPITAL AND RESERVES

Called up share capital

138,130

Retained earnings

(52,986

)

34,009

SHAREHOLDERS' FUNDS

85,144

172,139

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 16 January 2020 and were signed on its behalf by:

T D Coote - Director

1.	STATUTORY INFORMATION

TS Capital 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 (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

Turnover is recognised in the accounting period to the extent that the company has a legal right to the

consideration.

Turnover includes commission income, corporate advisory fees, advisory management fees and other ancillary

fees. It also includes the fair value of options over securities which have been received as consideration for

corporate finance services rendered.

Fees for advisory engagements for which the work is substantially complete or which are at a stage where work

for which separate payment is due is substantially complete, and which will become due but are not yet invoiced

are recorded on a right to consideration basis. Where such fees are contingent on the outcome of a transaction,

they are only accounted for after the transaction has completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% straight line and 25% on cost

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2018

18,045

Additions

5,000

At 31 December 2018

23,045

DEPRECIATION

At 1 January 2018

15,465

Charge for year

1,050

At 31 December 2018

16,515

NET BOOK VALUE

At 31 December 2018

6,530

At 31 December 2017

2,580

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

Trade debtors

-

5,250

Amounts owed by group undertakings

105,670

52,515

Other debtors

143,205

217,458

248,875

275,223

6.	CURRENT ASSET INVESTMENTS

2018

2017

Investments

13,153

46,156

All investments are classified at fair value through profit and loss. The quoted securities comprise equities

quoted on either the AIM or ISDX markets. The options and warrants are derivative instruments relating to either

unquoted equities or equities quoted on the AIM or ISDX markets.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

£

Bank loans and overdrafts

8,006

-

Trade creditors

118,890

97,831

Other creditors

59,373

54,203

186,269

152,034

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Appleton (Senior Statutory Auditor)

for and on behalf of Hilden Park Accountants Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available in FRS102 whereby it has not disclosed

transactions between members of a wholly owned group.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is T D Coote.

11.	PARENT COMPANY

The parent company is Highstone Investment Management Limited, a company incorporated in England and

Wales, in which T Coote has a controlling interest. The registered office of Highstone Investment Management

Limited is Fountain House, 130 Fenchurch Street, London, EC3M 5LY. Copies of the group accounts are

available from this address.

TS Capital Limited - Accounts to registrar (filleted) - small 18.2

TS Capital Limited - Accounts to registrar (filleted) - small 18.2