Tiddler Investments LimitedFilleted Accounts Cover
Tiddler Investments Limited
Company No. 09556132
Information for Filing with The Registrar
31 March 2022
Tiddler Investments LimitedDirectors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2022.
Principal activities
The principal activity of the company during the year under review was property services.
Directors
The Directors who served at any time during the year were as follows:
J.M. Cheney
P.W. Cheney
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J.M. Cheney
Director
22 July 2022
Tiddler Investments LimitedBalance Sheet Registrar
at
31 March 2022
Company No.
09556132
Notes
2022
2021
£
£
Fixed assets
Tangible assets
4
--
Investment property
5
1,659,1951,508,471
1,659,1951,508,471
Current assets
Debtors
6
4,4232,948
Cash at bank and in hand
54,92846,538
59,35149,486
Creditors: Amount falling due within one year
7
(1,410,006)
(1,425,689)
Net current liabilities
(1,350,655)
(1,376,203)
Total assets less current liabilities
308,540132,268
Provisions for liabilities
Deferred taxation
(27,210)
-
Net assets
281,330132,268
Capital and reserves
Called up share capital
22
Profit and loss account
9
281,328132,266
Total equity
281,330132,268
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 22 July 2022
And signed on its behalf by:
P.W. Cheney
Director
22 July 2022
Tiddler Investments LimitedNotes to the Accounts Registrar
for the year ended 31 March 2022
1
General information
Its registered number is: 09556132
Its registered office is:
Mill Cottage
Millington
Pocklington
York
YO42 1TX
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
33% Straight line basis
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However , this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act had not been made in order to give a true and fair view, the
profit for the financial year would have been reduced by depreciation. However the amount of
depreciation cannot reasonably be quantified because depreciation is only one of the many factors
reflected in the annual valuation and the amount relation to the depreciation of the property cannot be separately identified.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2022
2021
Number
Number
The average monthly number of employees (including directors) during the year was:
1
2
2.58
2
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2021
11,36111,361
At 31 March 2022
11,36111,361
Depreciation
At 1 April 2021
11,36111,361
At 31 March 2022
11,36111,361
Net book values
At 31 March 2022
--
At 31 March 2021
--
5
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2021
1,508,471
Revaluation
150,724
At 31 March 2022
1,659,195
6
Debtors
2022
2021
£
£
Trade debtors
4,4231,521
Deferred tax asset
-1,427
4,4232,948
7
Creditors:
amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
8184
Corporation tax
7,26614,016
Other taxes and social security
(146)
(136)
Loans from directors
1,401,3771,409,332
Other creditors
-793
Accruals and deferred income
1,5011,500
1,410,0061,425,689
8
Provisions for liabilities
Deferred taxation
Arising from revaluation
Total
£
£
At 1 April 2021
(1,427)
(1,427)
Charge to other comprehensive income for the period
28,63728,637
At 31 March 2022
27,210
27,210
Deferred tax asset (see note 6)
2022
2021
£
£
Revaluation of land and buildings
27,210
(1,427)
27,210
(1,427)
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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