ACCOUNTS - Final Accounts

TECNOS HOLDINGS LIMITED - Company Information

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Registered number: 03900206

TECNOS HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

TECNOS HOLDINGS LIMITED

REGISTERED NUMBER: 03900206

BALANCE SHEET

AS AT 31 DECEMBER 2019

	2019	2018
	£	£

Fixed assets
Investments	4	588,533	588,533


Net assets		588,533	588,533

Capital and reserves
Called up share capital	125,000	125,000
Share premium account	463,533	463,533
	588,533	588,533

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 income and retained earnings 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 on 27 March 2020.

................................................ R J Atkin	................................................ Mrs I Atkin
Director	Director

The notes on pages 2 to 3 form part of these financial statements.

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TECNOS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

1.	General information

Tecnos Holdings Limited is a private company limited by shares, incorporated in England & Wales. The address of the registered office is 6 Village Street, Edwalton, Nottingham, NG12 4AB.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Income from shares in group undertakings is recognised when that income is declared.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

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.

Employees

	The average monthly number of employees, including directors, during the year was Nil (2018 - Nil).

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TECNOS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2019	588,533
	At 31 December 2019	588,533

Subsidiary undertaking

The company owns 100% of the Ordinary shares of Tecnos Limited. The aggregate of the share capital and reserves as at 31 December 2019 and of the profit or loss for the year ended on that date for the subsidiary undertaking was £2,583,914 and £206,927 respectively.

5.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2019 was unqualified.

The audit report was signed on 30 March 2020 by Simon Liggins (Senior Statutory Auditor) on behalf of Barnes Roffe LLP.

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