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

REGISTERED NUMBER: 04923263 (England and Wales)

TS CAPITAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T D Coote

REGISTERED OFFICE:

First Floor

63 St. Mary Axe

London

EC3A 8AA

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

CURRENT ASSETS

Debtors

91,910

41,424

Investments

281,008

197,221

Cash at bank

48,758

53,464

421,676

292,109

CREDITORS

Amounts falling due within one year

115,337

95,678

NET CURRENT ASSETS

306,339

196,431

TOTAL ASSETS LESS CURRENT LIABILITIES

306,339

196,431

CAPITAL AND RESERVES

Called up share capital

138,130

138,130

Retained earnings

168,209

58,301

SHAREHOLDERS' FUNDS

306,339

196,431

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 28 April 2022 and were signed 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.

Turnover also includes the gains made on realised trading. Unrealised gains/losses on current asset investments held at the year-end date are shown separately in the income statement.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

and 31 December 2021

23,045

DEPRECIATION

At 1 January 2021

and 31 December 2021

23,045

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	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

6.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had financial commitments in respect of rents payable totalling £11,076 payable over the next year.

7.	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.

At 31 December 2021 the company was owed £64,000 by Priest Lane Investments Ltd, a company owned by the director, Mr T Coote (2020: £nil).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is T D Coote.

9.	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 5DJ. Copies of the group accounts are available from this address.