Tulimus Limited - Accounts to registrar (filleted) - small 18.2

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REGISTERED NUMBER: 09629071 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

TULIMUS LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

J A Stevens

REGISTERED OFFICE:

4 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

REGISTERED NUMBER:

09629071 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EE

FIXED ASSETS

Investments

4,214,234

CURRENT ASSETS

Cash at bank

684

516

CREDITORS

Amounts falling due within one year

1,129,863

1,102,278

NET CURRENT LIABILITIES

(1,129,179

)

(1,101,762

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,085,055

3,112,472

CREDITORS

Amounts falling due after more than one
year

1,897,850

1,943,667

NET ASSETS

1,187,205

1,168,805

CAPITAL AND RESERVES

Called up share capital

Retained earnings

1,187,203

1,168,803

SHAREHOLDERS' FUNDS

1,187,205

1,168,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 director and authorised for issue on 27 September 2021 and were signed by:

J A Stevens - Director

1.	STATUTORY INFORMATION

Tulimus 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.

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.

Going concern

Accounting standards requires the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that he considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has positive reserves and the continued support of its main creditors (Director and subsidiary company). Thus he continues to adopt the going concern basis of accounting in preparing the annual financial statements.

In his assessment of going concern the director has considered the current impact on the business as a result of the COVID19 virus. This has not had a significant, immediate impact on the company's operations but the director is aware that if the current situation becomes prolonged then this may change.

Having regard to the above, the director believes it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors

Short term creditors are measured at the transaction price.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows;

- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);

- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;

- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;

- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;

- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

COST

At 1 October 2019

and 30 September 2020

4,214,234

NET BOOK VALUE

At 30 September 2020

4,214,234

At 30 September 2019

4,214,234

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

Contractors/Plant Hire (Reading) Ltd

Registered office: United Kingdom

Nature of business: Plant and machinery hire

Class of shares:

holding

Ordinary

100.00

30.9.20

30.9.19

Aggregate capital and reserves

5,381,465

5,374,699

Profit for the year

64,766

937,267

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

Other creditors

1,128,963

1,101,428

Accrued expenses

900

850

1,129,863

1,102,278

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

Directors' loan accounts

1,897,850

1,943,667

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

Ordinary A

1.00

Ordinary B

1.00

Both classes of shares are not redeemable but do hold full rights in respect of voting. The shares may be considered by the directors when considering dividends from time to time.

RESERVES

Retained

earnings

At 1 October 2019

1,168,803

Profit for the year

18,400

At 30 September 2020

1,187,203

9.	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.

J A Stevens

Director

During the year dividends of £NIL (2019: £38,597) were voted to J A Stevens. At the balance sheet date the amount due to J A Stevens was £1,897,850 (2019: £1,943,667).

10.	ULTIMATE CONTROLLING PARTY

The Director considers J A Stevens and M T Stevens to be the ultimate controlling parties.