TGP_Capital_ltd_31_Dec_2022_companies_house_set_of_accounts.html
TGP_Capital_ltd_31_Dec_2022_companies_house_set_of_accounts.html
Company registration number:
Statement of Financial Position
31 Dec 2022 | |||
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Note | £ | ||
Fixed assets | |||
Investments | 5 |
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Current assets | |||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities | 728,860 | ||
Creditors: amounts falling due after more than one year | 8 |
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Net liabilities |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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For the period ending 31 December 2022 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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.
These financial statements were approved by the board of directors and authorised for issue on 24 March 2023 , and are signed on behalf of the board by:
Director |
Company registration number:
13527619
Notes to the Financial Statements
Period ended 31 December 2022
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 2nd Floor, The Red House , 74-76 High Street , Bushey , WD23 3HE , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Going concern
Fixed asset investments
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4 Average number of employees
The average number of persons employed by the company during the period was Nil.
5 Investments
Shares in group undertakings and participating interests | ||
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£ | ||
Cost | ||
At |
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Additions |
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At |
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Impairment | ||
At |
- | |
Carrying amount | ||
At |
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6 Debtors
31 Dec 2022 | ||
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£ | ||
Other debtors |
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7 Creditors: amounts falling due within one year
31 Dec 2022 | ||
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£ | ||
Other creditors |
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8 Creditors: amounts falling due after more than one year
31 Dec 2022 | ||
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£ | ||
Other creditors |
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Other creditors are loan given by third party. Loans are secured by partiality share capital of the company.