TPFR Limited Filleted accounts for Companies House (small and micro)
TPFR Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06487863
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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
YEAR ENDED 31 JANUARY 2020
Contents |
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Officers and professional advisers |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
3 to 5 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The board of directors |
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Registered office |
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STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
£ |
£ |
CURRENT ASSETS
Debtors |
5 |
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Cash at bank and in hand |
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CREDITORS: Amounts falling due within one year |
6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
9 October 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
06487863
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 JANUARY 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Income tax
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Image rights |
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Over 5 years |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Intangible assets
Image rights |
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£ |
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Cost |
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At 1 February 2019 and 31 January 2020 |
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Amortisation |
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At 1 February 2019 and 31 January 2020 |
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Carrying amount |
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At 31 January 2020 |
– |
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At 31 January 2019 |
– |
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5.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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6.
Creditors:
Amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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7.
Directors' advances, credits and guarantees
At the balance sheet date the director owed the company £76,995.
8.
Controlling party
The company is under the control of its director, D Cipriani, who owns 100% of the issued share capital.