ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

TSP LONDON LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-04-01 08445840 2016-04-01 2017-03-31 08445840 2015-04-01 2016-03-31 08445840 2017-03-31 08445840 2016-03-31 08445840 c:Director2 2016-04-01 2017-03-31 08445840 d:CurrentFinancialInstruments 2017-03-31 08445840 d:CurrentFinancialInstruments 2016-03-31 08445840 d:Non-currentFinancialInstruments 2017-03-31 08445840 d:Non-currentFinancialInstruments 2016-03-31 08445840 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 08445840 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 08445840 d:ShareCapital 2017-03-31 08445840 d:ShareCapital 2016-03-31 08445840 d:SharePremium 2017-03-31 08445840 d:SharePremium 2016-03-31 08445840 d:RetainedEarningsAccumulatedLosses 2017-03-31 08445840 c:OrdinaryShareClass1 2016-04-01 2017-03-31 08445840 c:OrdinaryShareClass1 2017-03-31 08445840 c:OrdinaryShareClass2 2016-04-01 2017-03-31 08445840 c:OrdinaryShareClass2 2017-03-31 08445840 c:OrdinaryShareClass3 2016-04-01 2017-03-31 08445840 c:OrdinaryShareClass3 2017-03-31 08445840 c:OrdinaryShareClass4 2016-04-01 2017-03-31 08445840 c:OrdinaryShareClass4 2017-03-31 08445840 c:FRS102 2016-04-01 2017-03-31 08445840 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 08445840 c:FullAccounts 2016-04-01 2017-03-31 08445840 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 08445840 d:Subsidiary1 2017-03-31 08445840 d:Subsidiary1 2016-04-01 2017-03-31 08445840 d:Subsidiary1 1 2016-04-01 2017-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08445840

TSP LONDON LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

TSP LONDON LIMITED

REGISTERED NUMBER: 08445840

BALANCE SHEET

AS AT 31 MARCH 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		40		1,000
			40		1,000
Current assets
Debtors	5	102,500		101,203
		102,500		101,203
Creditors: amounts falling due within one year	6	(1,203)		(1,203)
Net current assets			101,297		100,000
Total assets less current liabilities			101,337		101,000

Net assets			101,337		101,000

Capital and reserves
Called up share capital	1,111	1,111
Share premium account	99,889	99,889
Profit and loss account	337	-
	101,337	101,000

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TSP LONDON LIMITED

REGISTERED NUMBER: 08445840

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2017

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Z Goodman

Director

Date: 27 November 2017

The notes on pages 3 to 6 form part of these financial statements.

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TSP LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

TSP London Limited is a private company limited by shares, incorporated in England & Wales (registered number 08445840). The registered office is 64 New Cavendish Street, London, W1G 8TB. The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.4

Creditors

Short term creditors are measured at the transaction price.

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

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TSP LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2016	1,000
	Disposals	(960)
	At 31 March 2017	40

	Net book value
	At 31 March 2017	40
	At 31 March 2016	1,000

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TSP LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

4.Fixed asset investments (continued)

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding	Principal activity

Third Sector Property Limited

Ordinary

100%

Property management and the provision of ancillary consultancy services.

The aggregate of the share capital and reserves as at 31 March 2017 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
	Aggregate of share capital and reserves	Profit/(loss)
	£	£

	Third Sector Property Limited	265,654	243,217
		265,654	243,217

Debtors

					2017	2016
					£	£

Due after more than one year
Amounts owed by group undertakings	102,500	100,000
	102,500	100,000
Due within one year
Amounts owed by group undertakings	-	1,203
	102,500	101,203

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TSP LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Other creditors	1,203	1,203
	1,203	1,203

Allotted, called up and fully paid

40 Ordinary D shares of £1 each	40	40
111 Ordinary G shares of £1 each	111	111
480 Ordinary Y shares of £1 each	480	480
480 Ordinary Z shares of £1 each	480	480

	1,111	1,111

8.	Related party transactions
	IIncluded within other creditors is £1,203 (2016: £1,203) due to a director of the Company. Included within long term debtors is £102,500 (2016: £100,000) due from a wholly owned subsidiary of the Company.

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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