Tessa Lam Designs Limited - Accounts to registrar (filleted) - small 23.2.5

Tessa Lam Designs Limited - Accounts to registrar (filleted) - small 23.2.5

TESSA LAM DESIGNS LIMITED - Company Information

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REGISTERED NUMBER: 01941572 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Tessa Lam Designs Limited
Tessa Lam Designs Limited (Registered number: 01941572)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

Tessa Lam Designs Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: U Dessoky
J O'Callaghan





SECRETARY: U Dessoky





REGISTERED OFFICE: The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW





REGISTERED NUMBER: 01941572 (England and Wales)





ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW
Page 1
Tessa Lam Designs Limited (Registered number: 01941572)

Abridged Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
CURRENT ASSETS
Debtors - 4,850
Cash at bank and in hand 148,541 864,360
148,541 869,210
CREDITORS
Amounts falling due within one year 1,200 848,321
NET CURRENT ASSETS 147,341 20,889
TOTAL ASSETS LESS CURRENT
LIABILITIES
147,341
20,889

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,241 20,789
SHAREHOLDERS' FUNDS 147,341 20,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





J O'Callaghan - Director


The notes form part of these financial statements

Page 2
Tessa Lam Designs Limited (Registered number: 01941572)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Tessa Lam Designs 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.

Related party exemption
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2022
and 31 December 2022 18,080
PROVISIONS
At 1 January 2022
and 31 December 2022 18,080
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

The fixed asset investments have been dormant for the last two years. However, following an asset sale by a subsidiary company, a large part of the inter -company loan, previously written-off was repaid during the year.

5. ULTIMATE CONTROLLING PARTY

The controlling party is U Dessoky.

Page 3
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tessa Lam Designs Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tessa Lam Designs Limited for the year ended 31 December 2022 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tessa Lam Designs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tessa Lam Designs Limited and state those matters that we have agreed to state to the Board of Directors of Tessa Lam Designs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tessa Lam Designs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tessa Lam Designs 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 profit of Tessa Lam Designs Limited. You consider that Tessa Lam Designs 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 Tessa Lam Designs 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.






Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW


22 February 2024

This page does not form part of the statutory financial statements

Page 4