T.T.S. Holdings Limited Filleted accounts for Companies House (small and micro)

T.T.S HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 4438065

T.T.S. Holdings Limited

Filleted Financial Statements

For the Year Ended

31 March 2022

T.T.S. Holdings Limited

Statement of Financial Position

31 March 2022

	2022		2021
Note	£	£	£	£

Fixed assets

Investments	4		598,889		598,889

Current assets

Cash at bank and in hand	27		27

Creditors: amounts falling due within one year	5	66,182		66,182
		--------		--------
Net current liabilities			66,155		66,155
			---------		---------
Total assets less current liabilities			532,734		532,734
			---------		---------

Capital and reserves

Called up share capital	2,812	2,812
Share premium account	41,499	41,499
Capital redemption reserve	2,451	2,451
Profit and loss account	485,972	485,972
	---------	---------
Shareholders funds	532,734	532,734
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 30 November 2022 , and are signed on behalf of the board by:

Mrs J.A. Keep
Director

Company registration number: 4438065

T.T.S. Holdings Limited

Notes to the Financial Statements

Year Ended 31 March 2022

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St George's House, 215-219 Chester Road, Manchester M15 4JE. The principal activity of the company is that of a holding company.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements relate to the carrying value of investments. The directors make an annual assessment of the need for an impairment charge in respect of the investment.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2021 and 31 March 2022	598,889
	---------
Impairment
At 1 April 2021 and 31 March 2022	–
	---------

Carrying amount
At 31 March 2022	598,889
	---------
At 31 March 2021	598,889
	---------

The directors are of the opinion that the carrying value of the investment in the balance sheet represents a fair indication of the worth to the company.

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	66,182	66,182
	--------	--------

6. Summary Audit Opinion

The auditor's report for the year dated 30 November 2022 was unqualified.

The senior statutory auditor was Jonathan Mather BA ACA , for and on behalf of Beever and Struthers .

7. Related Party Transactions

The audit fee is borne by the company's subsidiary, T.T.S. (Shipping) Limited.

8. Controlling Party

In the opinion of the directors, the company is under the control of Simon tom Worden.