TABS Investments Limited - Accounts to registrar (filleted) - small 18.2
TABS Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2021 |
| for |
| TABS Investments Limited |
| TABS Investments Limited (Registered number: 09216366) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TABS Investments Limited |
| Company Information |
| for the Year Ended 31 March 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Suite 5 Corum 2 |
| Corum Office Park |
| Crown Way |
| Warmley |
| Bristol |
| BS30 8FJ |
| TABS Investments Limited (Registered number: 09216366) |
| Balance Sheet |
| 31 March 2021 |
| 31.3.21 | 31.3.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| ( |
) |
| 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 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. |
| TABS Investments Limited (Registered number: 09216366) |
| Balance Sheet - continued |
| 31 March 2021 |
| 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 |
| TABS Investments Limited (Registered number: 09216366) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2021 |
| 1. | STATUTORY INFORMATION |
| TABS Investments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There have been no material departures from the Financial Reporting Standard 102 1A. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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 |
| TABS Investments Limited (Registered number: 09216366) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2021 |
| 4. | FIXED ASSET INVESTMENTS |
| Listed |
| investment |
| £ |
| COST OR VALUATION |
| At 1 April 2020 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| The historical cost of the fixed asset investments is £2,075,279 (2020 - £2,065,888). |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2020 |
| and 31 March 2021 |
| NET BOOK VALUE |
| At 31 March 2021 |
| At 31 March 2020 |
| The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 31 March 2021 based on similar properties. The properties held are commercial. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.21 | 31.3.20 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.21 | 31.3.20 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| TABS Investments Limited (Registered number: 09216366) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2021 |
| 8. | RELATED PARTY DISCLOSURES |
| Associated companies |
| The loans from associated companies are repayable on demand and interest is charged at 2.1% (2020 - 2.75%). |
| 31.3.21 | 31.3.20 |
| £ | £ |
| Amount due to related party at the balance sheet date | 3,199,261 | 3,231,979 |
| Key management |
| The loans from key management are repayable on demand and interest is charged at HMRC prevailing rate on balances owing from key management exceeding £10,000. |
| During the year £28,240 (2020 - £30,396) was advanced to key management and £75,624 (2020 - £416) was repaid. |
| 31.3.21 | 31.3.20 |
| £ | £ |
| Amount due (to)/from related party at the balance sheet date | (15,296 | ) | 32,088 |