TIP GROUP (UK) LIMITED

Company Registration Number:
13522087 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

TIP GROUP (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

TIP GROUP (UK) LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 50 1,055,694
Total fixed assets: 50 1,055,694
Current assets
Stocks: 0 0
Debtors:   60,000 166,986
Cash at bank and in hand: 6,913 6,218
Investments:   0 0
Total current assets: 66,913 173,204
Creditors: amounts falling due within one year:   (60,320) (85,603)
Net current assets (liabilities): 6,593 87,601
Total assets less current liabilities: 6,643 1,143,295
Creditors: amounts falling due after more than one year: 4 (1,292,087) (1,089,298)
Provision for liabilities: (2,000)
Total net assets (liabilities): (1,287,444) 53,997
Capital and reserves
Called up share capital: 130,000 130,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (1,417,444) (76,003)
Shareholders funds: (1,287,444) 53,997

The notes form part of these financial statements

TIP GROUP (UK) LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 August 2023
and signed on behalf of the board by:

Name: M T Rutherford
Status: Director

The notes form part of these financial statements

TIP GROUP (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TIP GROUP (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

TIP GROUP (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Fixed investments

The investment in Enhanced Trading Solutions (SA) Pty Ltd is carried at cost. The company has ceased trading and the directors have provided for the loan account of £639,573 in full as recovery of this amount, or part thereof, is unlikely.

TIP GROUP (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due after more than one year note

Loan from a director 5,115Loan from Teaminvest Private Limited 1,176,417Working capital advanced by shareholders 110,554

TIP GROUP (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Post balance sheet events

During the year, the parent company withdrew funding support for the company and the company ceased trading. Post the year, the board has taken the decision to liquidate the company. After the year end, Enhanced Trading Solutions (Pty) Ltd ceased its trading activities and has subsequently been put into liquidation by the directors.