TEES_COMPONENTS_(HOLDINGS - Accounts
TEES_COMPONENTS_(HOLDINGS - Accounts
Company Registration No. 03525774 (England and Wales)
FOR THE YEAR ENDED 31 DECEMBER 2014
COMPANY INFORMATION
Directors
Secretary
Company number
Registered office
Accountants
Business address
Bolckow Street
North Skelton
Saltburn-by-the-Sea
TS12 2AP
Bankers
Barclays Bank PLC
12 Station Street
Saltburn-by-the-Sea
TS12 1AB
Solicitors
Merritt & Company
The Manor House
83 High Street
Yarm
TS15 9BG
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 5
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2014
- 1 -
The directors present their report and unaudited financial statements for the year ended 31 December 2014. The company is dormant and has not traded during the year.
Directors
The following directors have held office since 1 January 2014:
On behalf of the board
Director
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2014
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TEES COMPONENTS (HOLDINGS) LIMITED FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tees Components (Holdings) Limited for the year ended 31 December 2014 set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Tees Components (Holdings) Limited, as a body, in accordance with the terms of our engagement letter dated 3 February 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Tees Components (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of Tees Components (Holdings) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tees Components (Holdings) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Tees Components (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tees Components (Holdings) Limited. You consider that Tees Components (Holdings) 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 financial statements of Tees Components (Holdings) 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 financial statements.
Evolution Business and Tax Advisors LLP
Chartered Accountants
BALANCE SHEET
AS AT
31 DECEMBER 2014
- 3 -
2014
2013
Notes
£
£
Fixed assets
Investments
2
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Shareholders' funds
Audit exemption statement
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 16 September 2015
Director
Company Registration No. 03525774
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 4 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance is not discounted.
2
Fixed asset investments
Shares in group undertakings
£
Cost
At 1 January 2014 & at 31 December 2014
800
Net book value
At 31 December 2014
At 31 December 2013
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Ordinary
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
2
Fixed asset investments
(Continued)
- 5 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
3,680,031
170,840
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
4
Control
The company is exempt from the obligation to prepare group accounts as its results are included in the accounts of its parent company, Jeave 2 Limited, which owns 100% of the issued share capital. The company is ultimately controlled by Mr C L Wood and Mrs J Wood by virtue of their shareholding in the parent company.