ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

TSP LONDON LIMITED - Company Information

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Caseware UK (AP4) 2019.0.131 2019.0.131 2020-03-312020-03-31truefalse2019-04-01No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08445840 2019-04-01 2020-03-31 08445840 2018-04-01 2019-03-31 08445840 2020-03-31 08445840 2019-03-31 08445840 c:Director2 2019-04-01 2020-03-31 08445840 d:CurrentFinancialInstruments 2020-03-31 08445840 d:CurrentFinancialInstruments 2019-03-31 08445840 d:Non-currentFinancialInstruments 2020-03-31 08445840 d:Non-currentFinancialInstruments 2019-03-31 08445840 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 08445840 d:CurrentFinancialInstruments d:WithinOneYear 2019-03-31 08445840 d:ShareCapital 2020-03-31 08445840 d:ShareCapital 2019-03-31 08445840 d:SharePremium 2020-03-31 08445840 d:SharePremium 2019-03-31 08445840 d:CapitalRedemptionReserve 2020-03-31 08445840 d:CapitalRedemptionReserve 2019-03-31 08445840 d:RetainedEarningsAccumulatedLosses 2020-03-31 08445840 d:RetainedEarningsAccumulatedLosses 2019-03-31 08445840 c:OrdinaryShareClass1 2019-04-01 2020-03-31 08445840 c:OrdinaryShareClass1 2019-03-31 08445840 c:OrdinaryShareClass2 2019-04-01 2020-03-31 08445840 c:OrdinaryShareClass2 2020-03-31 08445840 c:OrdinaryShareClass2 2019-03-31 08445840 c:OrdinaryShareClass3 2019-04-01 2020-03-31 08445840 c:OrdinaryShareClass3 2020-03-31 08445840 c:OrdinaryShareClass3 2019-03-31 08445840 c:FRS102 2019-04-01 2020-03-31 08445840 c:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 08445840 c:FullAccounts 2019-04-01 2020-03-31 08445840 c:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 08445840 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2019-04-01 2020-03-31 08445840 6 2019-04-01 2020-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08445840









TSP LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2020
 
TSP LONDON LIMITED
REGISTERED NUMBER: 08445840

BALANCE SHEET
AS AT 31 MARCH 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 4 
40
40

  
40
40

Current assets
  

Debtors
 5 
102,500
102,500

  
102,500
102,500

Creditors: amounts falling due within one year
 6 
(1,203)
(1,203)

Net current assets
  
 
 
101,297
 
 
101,297

Total assets less current liabilities
  
101,337
101,337

  

Net assets
  
101,337
101,337


Capital and reserves
  

Called up share capital 
 7 
1,071
1,111

Share premium account
  
99,889
99,889

Capital redemption reserve
  
40
-

Profit and loss account
  
337
337

  
101,337
101,337


Page 1
 
TSP LONDON LIMITED
REGISTERED NUMBER: 08445840
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Z Goodman
Director

Date: 7 January 2021

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
TSP LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1.


General information

TSP London Limited is a private company limited by shares, incorporated in England & Wales (registered number 08445840). 
The registered office is 64 New Cavendish Street, London, W1G 8TB. 
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position, the directors have assessed that the company will continue to have adequate funds to meets its obligations. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis. Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However at the date of this report it is not possible to reliably determine the effects that this will have on the company. Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).

Page 3
 
TSP LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2019
40



At 31 March 2020
40





5.


Debtors

2020
2019
£
£

Due after more than one year

Amounts owed by group undertakings
102,500
102,500

102,500
102,500


102,500
102,500



6.


Creditors: Amounts falling due within one year

2020
2019
£
£

Other creditors
1,203
1,203

1,203
1,203


Page 4
 
TSP LONDON LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

7.


Share capital

2020
2019
£
£
Allotted, called up and fully paid



0 (2019 - 40) Ordinary D shares of £1.00 each
-
40
536 (2019 - 536) Ordinary Y shares of £1.00 each
536
536
535 (2019 - 535) Ordinary Z shares of £1.00 each
535
535

1,071

1,111

During the year, 40 D Ordinary shares were cancelled as part of a share buyback. This has created a share capital redemption reserve.



8.


Controlling party

The company is controlled by the directors.

 
Page 5