Tenens Ede Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03629984 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2020

for

TENENS EDE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J Ede

S D Ingledew

P E Morris

D P Morris

D R C Ede

Secretary:

S D Ingledew

Registered office:

Eden House

Two Rivers Business Park

Station Lane

Witney

Oxfordshire

OX28 4BL

Registered number:

03629984 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Sterling House

19/23 High Street

Kidlington

Oxfordshire

OX5 2DH

Fixed assets

Tangible assets

4

1,428

2,856

Investments

5

120,000

120,000

121,428

122,856

Current assets

Stocks

13,494,016

13,526,203

Debtors

6

2,676,848

2,100,626

Cash at bank

376,024

69,792

16,546,888

15,696,621

Creditors

Amounts falling due within one year

7

14,136,701

13,581,382

Net current assets

2,410,187

2,115,239

Total assets less current liabilities

2,531,615

2,238,095

Capital and reserves

Called up share capital

8

2

2

Retained earnings

2,531,613

2,238,093

Shareholders' funds

2,531,615

2,238,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 and authorised for issue on 10 May 2021 and were signed on its behalf by:

D R C Ede - Director

1.	Statutory information

Tenens Ede 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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.

Preparation of consolidated financial statements

The financial statements contain information about Tenens Ede Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Going concern

The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3.	Employees and directors

The average number of employees during the year was NIL (2019 - NIL).

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 October 2019

and 30 September 2020

7,140

Depreciation

At 1 October 2019

4,284

Charge for year

1,428

At 30 September 2020

5,712

Net book value

At 30 September 2020

1,428

At 30 September 2019

2,856

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 October 2019

and 30 September 2020

120,000

Net book value

At 30 September 2020

120,000

At 30 September 2019

120,000

6.

Debtors: amounts falling due within one year

30/9/20

30/9/19

£

£

Amounts owed by group undertakings

2,439,600

2,021,527

Other debtors

237,248

79,099

2,676,848

2,100,626

7.

Creditors: amounts falling due within one year

30/9/20

30/9/19

£

£

Trade creditors

149,374

748,868

Amounts owed to group undertakings

13,888,186

12,758,313

Taxation and social security

69,185

60,146

Other creditors

29,956

14,055

14,136,701

13,581,382

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/20

30/9/19

value:

£

£

2

Ordinary shares

£1

2

2

9.	Related party disclosures

Included within other creditors at 31 October 2020 are amounts owed to related parties of the company. The amounts owed are free of interest and repayable on demand:

Owed to Ede Holdings Limited £7,004,086 (2019 - £6,524,213) - common directors J Ede, D R C Ede and S D Ingledew.

Owed to Howard Tenens Distribution Limited £6,884,100 (2019 - £6,234,100) - common directors P E Morris and D P Morris..