| TP Debtco Limited |
| Registered number: |
09493032 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
6,297,015 |
|
|
10,953,181 |
| Cash at bank and in hand |
|
|
15,046 |
|
|
202,671 |
|
|
|
6,312,061 |
|
|
11,155,852 |
|
| Creditors: amounts falling due within one year |
3 |
|
(556,789) |
|
|
(785,363) |
|
| Net current assets |
|
|
|
5,755,272 |
|
|
10,370,489 |
|
| Total assets less current liabilities |
|
|
|
5,755,272 |
|
|
10,370,489 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(5,739,045) |
|
|
(10,365,013) |
|
|
|
| Net assets |
|
|
|
16,227 |
|
|
5,476 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
16,226 |
|
|
5,475 |
|
| Shareholders' funds |
|
|
|
16,227 |
|
|
5,476 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr M J Bayer |
| Director |
| Approved by the board on 14 November 2017 |
|
| TP Debtco Limited |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes interest charged to customers on debt financing provided. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
6,297,015 |
|
10,953,181 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
5,742,582 |
|
10,170,793 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
10 |
|
1,606 |
|
Corporation tax |
2,688 |
|
1,369 |
|
Other creditors |
554,091 |
|
782,388 |
|
|
|
|
|
|
556,789 |
|
785,363 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
5,739,045 |
|
10,365,013 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans |
2017 |
|
2016 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
2,916,010 |
|
5,009,325 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Explanation of transition to FRS 102 |
|
|
This is the first period that the Company has presented its financial statements under Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial statements under previous UK GAAP were for the year ended 31 December 2015 and the date of transition was therefore 1 January 2015.
As a consequence of adopting FRS 102, a number of accounting policies have changed to comply with that standard. None of the accounting policy changes are material.
There have been no changes to the Company's equity and assets as a result of this conversion. |
|
|
| 7 |
Controlling party |
|
|
The Company's ultimate controlling party is Advancr Group LLP, a company incorporated in England and Wales with company number OC320767, by virtue of its 100% shareholding. |
|
|
| 8 |
Other information |
|
|
TP Debtco Limited is a private company limited by shares and incorporated in England. Its registered office is: 18 St Swithin's Lane, London, EC4N 8AD. |
