Test & Research Centre Holdings Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11736725 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Test & Research Centre Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Bennett

Mrs L G Hounslea

R A Verallo

REGISTERED OFFICE:

10 Queen Street Place

London

EC47 1BE

REGISTERED NUMBER:

11736725 (England and Wales)

ACCOUNTANTS:

McDougall Johnstone

280 St Vincent Street

Glasgow

G2 5RL

FIXED ASSETS

Investment property

4

353,675

353,675

CURRENT ASSETS

Debtors

5

135,042

100,000

Cash at bank

8,033

43,239

143,075

143,239

CREDITORS

Amounts falling due within one year

6

(3,675

)

(51,200

)

NET CURRENT ASSETS

139,400

92,039

TOTAL ASSETS LESS CURRENT LIABILITIES

493,075

445,714

CREDITORS

Amounts falling due after more than one year

7

(500,000

)

(450,000

)

NET LIABILITIES

(6,925

)

(4,286

)

RESERVES

Income and expenditure account

(6,925

)

(4,286

)

(6,925

)

(4,286

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 27 August 2021 and were signed on its behalf by:

P Bennett - Director

1.	STATUTORY INFORMATION

Test & Research Centre Holdings Ltd is a private company, limited by guarantee , registered in England and Wales. 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

and 31 December 2020

353,675

NET BOOK VALUE

At 31 December 2020

353,675

At 31 December 2019

353,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

135,042

100,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

2,475

-

Other creditors

1,200

51,200

3,675

51,200

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

500,000

450,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

250,000

8.	RELATED PARTY DISCLOSURES

The directors of Test and Research Centre Holdings Ltd are also directors in Prefabricated Access Suppliers and Manufacturers Association Limited (PASMA), Access Industry Management and Services Limited (AIMS), Access Industry Forum (AIF), The Ladder Association Ltd and Test and Research Centre Ltd.

Loan balances of £500,000 from PASMA and The Ladder Association Ltd, remained outstanding at the year end (2019: £500,000). A loan made to Test and Research Centre Limited has a balance of £135,042 at the year end (2019: £100,000). Loan repayments have been postponed at present.

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.