Abbreviated Company Accounts - TTB HOLDINGS LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the companies Act 2006 not to prepare group accounts.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Going concern
The company is dependent on loans from the directors, however, these loans do not require repayment in the foreseeable future and as such the company is considered to be a going concern.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

The company holds 20% or more of the share capital of the following companies:

Capital and Profit (loss)
Company name/ Shares held reserves for the year
(Country of incorporation) Class % £ £
The Talent Business (Shanghai) Management Consulting Co Limited (China) Ordinary 100 (60,944) (157,343)
The Talent Business (Singapore) PTE Limited (Singapore) Ordinary 100 249,326 (88,283)
The Talent Business Limited (England) Ordinary 100 1,024,823 43,865
The Talent Business Brazil Services and Consultancy Limited (Brazil) Ordinary 100 135,268 43,162
TTB US LLC (New York) Ordinary 100 (18,937) 30,819
The Talent Business MEA JLT (Dubai) Ordinary 100 163,339 105,585

Under the provisions of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

4Transactions with directors