| TP Treasury Limited |
| Registered number: |
10025379 |
| Balance Sheet |
| as at 31 March 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Partnership Interest |
2 |
|
|
527,560 |
|
|
1,430,340 |
|
| Current assets |
| Cash at bank and in hand |
|
|
2,073 |
|
|
77,203 |
|
| Creditors: amounts falling due within one year |
3 |
|
(487,330) |
|
|
(950,251) |
|
| Net current liabilities |
|
|
|
(485,257) |
|
|
(873,048) |
|
| Total assets less current liabilities |
|
|
|
42,303 |
|
|
557,292 |
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
- |
|
|
(500,961) |
|
|
|
| Net assets |
|
|
|
42,303 |
|
|
56,331 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Share premium |
|
|
|
9,999 |
|
|
9,999 |
| Profit and loss account |
|
|
|
32,303 |
|
|
46,331 |
|
| Shareholders' funds |
|
|
|
42,303 |
|
|
56,331 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| C Ainsworth |
| Director |
| Approved by the board on 1 November 2018 |
|
| TP Treasury Limited |
| Notes to the Accounts |
| for the year ended 31 March 2018 |
|
|
| 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 comprises the Company's share of partnership profits from its membership of a limited liability partnership. |
|
|
Investments |
|
LLP Interests are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
|
|
Basic financial liabilities |
|
Basic financial liabilities, including trade and other creditors, bank loans and loans from share holders are initially recognised at the transaction price. Debt instruments are then subsequently carried at amortised cost, using the effective interest rate method. |
|
|
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. |
|
|
| 2 |
Partnership Interest |
2018 |
|
2017 |
| £ |
£ |
|
|
Partnership Interest - Opening interest |
1,430,340 |
|
- |
|
Partnership Interest - Introduced in period |
541,250 |
|
3,870,300 |
|
Partnership Interest - Profit in period |
54,529 |
|
251,331 |
|
Partnership Interest - Withdrawn in period |
(1,498,559) |
|
(2,691,291) |
|
|
|
|
|
|
527,560 |
|
1,430,340 |
|
|
|
|
|
|
|
|
|
|
During the year the Company held an interest in Generations Navigator LLP, a limited liability partnership registered in England & Wales. The Company withdrew from the LLP on 30 June 2018. |
|
|
| 3 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
26 |
|
- |
|
Corporation tax |
- |
|
12,379 |
|
Other creditors |
487,304 |
|
937,872 |
|
|
|
|
|
|
487,330 |
|
950,251 |
|
|
|
|
|
|
|
|
|
|
The loan from Aeris Power Limited of £485,327 included in other creditors, was repaid in full on 1 August 2018. |
|
|
| 4 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Other creditors |
- |
|
500,961 |
|
|
|
|
|
|
|
|
|
| 5 |
Events after the reporting date |
|
|
The Company withdrew from Generations Navigator LLP, the limited liability partnership of which it was a member, on 30 June 2018. |
|
| 6 |
Related party transactions |
|
|
C Ainsworth is a member of the Company's parent company, Advancr Group LLP. There were no material transactions between the companies during the year. |
|
| 7 |
Controlling party |
|
|
The Company is controlled by Advancr Group LLP by virtue of its 100% shareholding. |
|
| 8 |
Other information |
|
|
TP Treasury Limited is a private company limited by shares and incorporated in England. Its registered office is: 18 St Swithin's Lane, London, EC4N 8AD. |
