The TFP Group Limited - Accounts to registrar (filleted) - small 17.3
The TFP Group Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| THE TFP GROUP LIMITED |
| THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| THE TFP GROUP LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4th Floor, Stockdale House |
| Headingley Office Park |
| 8 Victoria Road |
| Leeds |
| LS6 1PF |
| THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 on by: |
| THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| The TFP Group Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The principal activity of the company during the year was that of a holding company. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company incurs negligible day to day expenses; sufficient funds will be made available from subsidiary |
| undertakings to meet liabilities as and when they fall due. |
| Preparation of consolidated financial statements |
| The financial statements contain information about The TFP Group Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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 |
| THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed by associated undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed to associated undertakings |
| Other creditors |
| 7. | CAPITAL COMMITMENTS |
| 2017 | 2016 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| At the year end the company had entered into a binding contract to acquire a 25% interest in The Fisher |
| Partnership Limited, a company under the control of the directors. |
| 8. | RELATED PARTY DISCLOSURES |
| Included in debtors at the year end were the following amounts owed by fellow group undertakings: |
| Bedale Grange (TFP) Limited £153,032 (2014 - £152,532), and |
| Included in creditors at the year end were the following amounts owed to fellow group undertakings: |
| Esk Hall Limited £74,504 (2014 - £85,200), |
| Included in Other debtors at the year end were the following amounts owed by undertakings controlled by the |
| directors: |
| The Fisher Partnership Limited £56,463 (2014 - £56,463). |
| Included in Other debtors at the year end were the following amounts owed to undertakings controlled by the |
| directors: |
| The Fisher Property Partnership £155,586 (2014 - £155,586). |
| THE TFP GROUP LIMITED (REGISTERED NUMBER: 05361853) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 9. | FIRST YEAR ADOPTION |
| For all periods up to and including the year ended 31 March 2016, the company prepared its financial statements |
| in accordance with previously extant United Kingdom generally accepted accounting practice (UK GAAP). |
| These financial statements, for the year ended 31 March 2017, are the first the company has prepared in |
| accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
| Accordingly, the company has prepared individual financial statements which comply with FRS102 - The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland applicable for periods beginning on |
| or after 1 January 2016 and the significant accounting policies meeting those requirements are described in the |
| relevant notes. |
| There are no adjustments to the carrying value of assets and liabilities on first adoption of FRS102. |