Tennants Tar Dis & Eng Supplies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI001972 (Northern Ireland)

TENNANTS TAR DISTILLERS AND ENGINEERING

SUPPLIES, LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr W P Alexander

Dr R A Peden

Mrs C Simmons

SECRETARY:

Mrs C Simmons

REGISTERED OFFICE:

9 Airport Road West

BELFAST

BT3 9ED

REGISTERED NUMBER:

NI001972 (Northern Ireland)

AUDITORS:

McAleer Jackson Ltd

Chartered Accountants & Statutory Auditors

Arthur House

41 Arthur Street

BELFAST

BT1 4GB

SOLICITORS:

Tughans

Marlborough House

30 Victoria Street

Belfast

BT1 3GG

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Debtors

1,572,620

1,572,620

NET CURRENT ASSETS

1,572,620

1,572,620

TOTAL ASSETS LESS CURRENT LIABILITIES

1,572,621

1,572,621

CAPITAL AND RESERVES

Called up share capital

150,000

150,000

Other reserves

132,303

132,303

Retained earnings

1,290,318

1,290,318

SHAREHOLDERS' FUNDS

1,572,621

1,572,621

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 Board of Directors and authorised for issue on 5 April 2022 and were signed on its behalf by:

Mr W P Alexander - Director

Dr R A Peden - Director

1.	STATUTORY INFORMATION

Tennants Tar Distillers and Engineering Supplies, Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Recoverability of debtors

Estimates are made in respect of the recoverable value of trade and other debtors. When assessing the level of provisions required, factors including the current trading experience, historical experience and the aging profile of debtors are considered.

Investments in subsidiaries

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2021

and 31 December 2021

1

NET BOOK VALUE

At 31 December 2021

1

At 31 December 2020

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Belgrave Contract Management Limited

Registered office: Northern Ireland

Nature of business: Provision of procurement and management services

%

Class of shares:

holding

Ordinary

100.00

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

The Report of the Auditors was unqualified.

The Senior Statutory Auditor was Michael Barnett for and on behalf of McAleer Jackson Ltd.

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7.	ULTIMATE CONTROLLING PARTY

The ultimate parent and controlling company is Tennants Consolidated Limited, a company incorporated in the United Kingdom. The address of the registered office of the parent company is 35 Queen Anne Street, London W1G 9HZ.