Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseThe principal activity of Tideway Investment Group Limited is that of a holding company supporting the activities of its subsidiaries.22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06973266 2022-04-01 2023-03-31 06973266 2021-04-01 2022-03-31 06973266 2023-03-31 06973266 2022-03-31 06973266 c:Director1 2022-04-01 2023-03-31 06973266 d:OfficeEquipment 2022-04-01 2023-03-31 06973266 d:OfficeEquipment 2023-03-31 06973266 d:OfficeEquipment 2022-03-31 06973266 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06973266 d:CurrentFinancialInstruments 2023-03-31 06973266 d:CurrentFinancialInstruments 2022-03-31 06973266 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06973266 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06973266 d:ShareCapital 2023-03-31 06973266 d:ShareCapital 2022-03-31 06973266 d:SharePremium 2023-03-31 06973266 d:SharePremium 2022-03-31 06973266 d:RetainedEarningsAccumulatedLosses 2023-03-31 06973266 d:RetainedEarningsAccumulatedLosses 2022-03-31 06973266 c:FRS102 2022-04-01 2023-03-31 06973266 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06973266 c:FullAccounts 2022-04-01 2023-03-31 06973266 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06973266 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 06973266









TIDEWAY INVESTMENT GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TIDEWAY INVESTMENT GROUP LTD
REGISTERED NUMBER: 06973266

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,622
26,652

Investments
 5 
1,099,976
1,099,976

  
1,119,598
1,126,628

Current assets
  

Debtors: amounts falling due within one year
 6 
343,138
411,770

Cash at bank and in hand
  
37,008
90,157

  
380,146
501,927

Creditors: amounts falling due within one year
 7 
(395,193)
(471,689)

Net current (liabilities)/assets
  
 
 
(15,047)
 
 
30,238

Total assets less current liabilities
  
1,104,551
1,156,866

  

Net assets
  
1,104,551
1,156,866


Capital and reserves
  

Called up share capital 
  
1,546
1,546

Share premium account
  
55,128
55,128

Profit and loss account
  
1,047,877
1,100,192

  
1,104,551
1,156,866


Page 1

 
TIDEWAY INVESTMENT GROUP LTD
REGISTERED NUMBER: 06973266
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

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 by: 




J Baxter
Director

Date: 6 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TIDEWAY INVESTMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The principal activity of Tideway Investment Group Limited ("the Company") is that of a holding company supporting the activities of its subsidiaries.
Tideway Investment Group Limited is a private company registered in England and Wales. The Registered Office is at 107 Leadenhall Street, London, EC3A 4AF.
The company and its subsidiaries comprise a small group. The company has taken advantage of Section 399 of the Companies Act 2006 not to prepare group accounts. These accounts therefore present information about the company as a single entity.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
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 Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TIDEWAY INVESTMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
TIDEWAY INVESTMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, accruals, and amounts owed to related companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
TIDEWAY INVESTMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
29,983


Additions
4,199



At 31 March 2023

34,182



Depreciation


At 1 April 2022
3,331


Charge for the year on owned assets
11,229



At 31 March 2023

14,560



Net book value



At 31 March 2023
19,622



At 31 March 2022
26,652


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1,099,976



At 31 March 2023
1,099,976




Page 6

 
TIDEWAY INVESTMENT GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
324,790
359,876

Prepayments and accrued income
18,348
51,894

343,138
411,770



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,879
13,322

Amounts owed to group undertakings
291,880
294,824

Other taxation and social security
93,009
154,885

Other creditors
825
4,658

Accruals and deferred income
3,600
4,000

395,193
471,689



8.


Related party transactions

Included in debtors is a balance due from an LLP in which the Company is a member of £4,657 (2022:  £321,152). The balance is unsecured and interest free. 
Included in creditors is a balance due to a subsidiary of £291,880 (2022: £294,824).

 
Page 7