Tanswell Limited Company Accounts

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COMPANY REGISTRATION NUMBER: 07008586

Tanswell Limited

Filleted Unaudited Financial Statements

30 September 2017

Tanswell Limited

Financial Statements

Year ended 30 September 2017

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Tanswell Limited

Statement of Financial Position

30 September 2017

	2017		2016
Note	£	£	£

Fixed assets

Investments	4		1,005,000	1,005,000

Current assets

Cash at bank and in hand	100		100

Creditors: amounts falling due within one year	5	1,005,000		1,005,000
		------------		------------
Net current liabilities			1,004,900	1,004,900
			------------	------------
Total assets less current liabilities			100	100
			----	----

Capital and reserves

Called up share capital	100	100
	----	----
Shareholder funds	100	100
	----	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 January 2018 , and are signed on behalf of the board by:

M Preston
Director

Company registration number: 07008586

Tanswell Limited

Notes to the Financial Statements

Year ended 30 September 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 144 Bath Road, Cheltenham, Gloucestershire, GL53 7NG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2016 and 30 September 2017	1,005,000
	------------
Impairment
At 1 October 2016 and 30 September 2017	–
	------------

Carrying amount
At 30 September 2017	1,005,000
	------------
At 30 September 2016	1,005,000
	------------

The company owns 95% of the issued share capital of PCS Cheltenham Limited, a company registered in England and Wales. The registered office address is 144 Bath Road, Cheltenham,Glos, GL53 7NG.

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,005,000	1,005,000
	------------	------------

6. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.

No transitional adjustments were required in equity or profit or loss for the year.