TFC Edgware Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08239897 (England and Wales)

TFC Edgware Limited

Abridged Audited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr E Ucur

Mr H Ucur

REGISTERED OFFICE:

Unit 1-8

Centenary Industrial Estate

Jeffreys Road

Enfield

Middlesex

EN3 7UF

REGISTERED NUMBER:

08239897 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

CURRENT ASSETS

Cash in hand

100

100

CREDITORS

Amounts falling due within one year

3,649

3,216

NET CURRENT LIABILITIES

(3,549

)

(3,116

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,549

)

(3,116

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Retained earnings

5

(3,649

)

(3,216

)

SHAREHOLDERS' FUNDS

(3,549

)

(3,116

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 December 2018 and were signed on its behalf by:

Mr H Ucur - Director

Mr E Ucur - Director

1.	STATUTORY INFORMATION

TFC Edgware Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Going concern

The company is dependent on the financial support from the directors of the company. The directors

expect that this support will continue. On this basis, the directors consider it appropriate to prepare

the financial statements on the going concern basis. The financial statements do not include any

adjustments that would result from a withdrawal of this support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

80

Ordinary "A"

£1

80

80

20

Ordinary "B"

£1

20

20

100

100

5.

RESERVES

Retained

earnings

£

At 1 April 2017

(3,216

)

Deficit for the year

(433

)

At 31 March 2018

(3,649

)

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal ACA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

7.	RELATED PARTY DISCLOSURES

Ultimate parent company

TFC Holdings London Ltd is regarded by the director as being the company's ultimate parent

company.

TFC Holdings London Ltd has 100% interest in the issued share capital of the company

The audit fees have been charged and disclosed in the accounts of TFC Holdings London Ltd, the

parent company of the group.

Copies of the consolidated financial statements of TFC Holdings London Ltd are available from

Companies House and the company's registered office.

Directors

Company owes £1,909 (2017 - £1,896) at the balance sheet date.

TFC Burnt Oak Ltd

Subsidiaries in the same group.

There was no inter companies transactions during the year, amount due to related party at the balance

sheet date was £1,320 (2017 - £1,320).