Tandm Ventures Limited

Tandm Ventures Limited

TANDM VENTURES LIMITED - Company Information

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1 December 2019 false Taxfiler 2021.7 11702196business:PrivateLimitedCompanyLtd2019-12-012020-11-30 117021962019-11-30 117021962019-12-012020-11-30 11702196business:AuditExemptWithAccountantsReport2019-12-012020-11-30 11702196business:FullAccounts2019-12-012020-11-30 117021962020-11-30 11702196business:Director12019-12-012020-11-30 11702196business:Director22019-12-012020-11-30 11702196business:RegisteredOffice2019-12-012020-11-30 117021962019-11-30 11702196core:WithinOneYear2020-11-30 11702196core:WithinOneYear2019-11-30 11702196core:ShareCapital2020-11-30 11702196core:ShareCapital2019-11-30 11702196core:RetainedEarningsAccumulatedLosses2020-11-30 11702196core:RetainedEarningsAccumulatedLosses2019-11-30 11702196business:SmallEntities2019-12-012020-11-30 11702196countries:EnglandWales2019-12-012020-11-30 11702196core:FurnitureFittings2019-12-012020-11-30 11702196core:FurnitureFittings2019-11-30 11702196core:FurnitureFittings2020-11-30 117021962018-11-282019-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11702196 (England and Wales)
Tandm Ventures Limited Unaudited accounts for the year ended 30 November 2020
Tandm Ventures Limited Unaudited accounts Contents
Page
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Tandm Ventures Limited Company Information for the year ended 30 November 2020
Directors
Rob Neep Eleftheria Pilios
Company Number
11702196 (England and Wales)
Registered Office
10 CASTLEBAR ROAD LONDON W5 2DP UNITED KINGDOM
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Tandm Ventures Limited Accountants' report
Accountants' report to the board of directors of Tandm Ventures Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tandm Ventures Limited for the year ended 30 November 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tandm Ventures Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tandm Ventures Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tandm Ventures Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tandm Ventures Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tandm Ventures Limited. You consider that Tandm Ventures Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Tandm Ventures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 27 April 2021
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Tandm Ventures Limited Statement of financial position as at 30 November 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
10,776 
- 
Investment property
5
296,270 
- 
307,046 
- 
Current assets
Debtors
6
- 
2 
Cash at bank and in hand
467 
- 
467 
2 
Creditors: amounts falling due within one year
7
(335,111)
- 
Net current (liabilities)/assets
(334,644)
2 
Net (liabilities)/assets
(27,598)
2 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(27,600)
- 
Shareholders' funds
(27,598)
2 
For the year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2021 and were signed on its behalf by
Rob Neep Director Company Registration No. 11702196
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Tandm Ventures Limited Notes to the Accounts for the year ended 30 November 2020
1
Statutory information
Tandm Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 11702196. The registered office is 10 CASTLEBAR ROAD, LONDON, W5 2DP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 28 November 2018. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
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Tandm Ventures Limited Notes to the Accounts for the year ended 30 November 2020
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2019
- 
Additions
10,776 
At 30 November 2020
10,776 
Depreciation
At 30 November 2020
- 
Net book value
At 30 November 2020
10,776 
5
Investment property
2020 
£ 
Additions
296,270 
At 30 November 2020
296,270 
6
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Other debtors
- 
2 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Loans from directors
334,091 
- 
Accruals
1,020 
- 
335,111 
- 
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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