TAL Capital Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09613984 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2016 TO 30 JUNE 2017

FOR

TAL CAPITAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Laing

REGISTERED OFFICE:

4th Floor Tuition House

27/37 St George's Road

Wimbledon

London

SW19 4EU

REGISTERED NUMBER:

09613984 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

4th Floor Tuition House

27/37 St George's Road

Wimbledon

London

SW19 4EU

CURRENT ASSETS

Debtors

4

52,541

30,027

Cash at bank

443

1,022

52,984

31,049

CREDITORS

Amounts falling due within one year

5

59,933

30,126

NET CURRENT (LIABILITIES)/ASSETS

(6,949

)

923

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,949

)

923

CAPITAL AND RESERVES

Called up share capital

6

150

150

Retained earnings

(7,099

)

773

SHAREHOLDERS' FUNDS

(6,949

)

923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11 December 2017 and were signed by:

C Laing - Director

1.	STATUTORY INFORMATION

TAL Capital 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.

Preparation of consolidated financial statements

The financial statements contain information about TAL Capital Limited as an individual company and do not contain

consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies

Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are

included by full consolidation in the consolidated financial statements of its parent, AMAR Holdings S.A.R.L SPF, .

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly

owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

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

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 period 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction

price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet

date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and

compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is

recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation

decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

29,927

Other debtors

52,541

100

52,541

30,027

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

15,729

20,448

Other creditors

44,204

9,678

59,933

30,126

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

50

Ordinary B

£1

50

50

Allotted and issued:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Share capital 1

£1

100

100

7.	RELATED PARTY DISCLOSURES

During the period, the company advanced £129,500 (2016: £76,000) to Charles Philip Montgomerie Laing, the director.

This advance attracted interested at 3.25% per annum. As at the balance sheet date C P M Laing owed the company

£52,441 (2016: the company owed C P M Laing £7,278). This amount was repaid within 9 months of the year end.

On 31 March 2017 a dividend was declared and paid of £71,500 on the B Ordinary shares in issue. At the time the dividend

was paid, the director was not aware that there were insufficient profits available for distribution and the director

acknowledges that no further distributions can be made until there are sufficient profits available for that purpose.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AMAR Holdings S.A.R.L SPF, a company incorporated in Luxembourg, who controls the

company as result of controlling 66% of the issued share capital, and 99% of the voting rights.

9.	FIRST YEAR TRANSITION

The company's date of transition to FRS 102 was 29 May 2015.

No transitional adjustments have been made to the comparative figures and the company's financial position and

performance have not been affected by the transition to FRS 102. There have been no significant changes to the

accounting policies as a result of the new financial reporting framework.