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REGISTERED NUMBER: 01687516 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TINTAIL LIMITED

TINTAIL LIMITED (REGISTERED NUMBER: 01687516)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TINTAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R N Phoenix
M A Phoenix
I L M Phoenix





SECRETARY: I L M Phoenix





REGISTERED OFFICE: 72 Newman Street
London
W1T 3EH





REGISTERED NUMBER: 01687516 (England and Wales)





ACCOUNTANTS: Graham Latham Limited
Hedge House
Hangersley Hill
Ringwood
Hampshire
BH24 3JW

TINTAIL LIMITED (REGISTERED NUMBER: 01687516)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,207 1,165
Investment property 5 1,478,934 1,478,934
1,480,141 1,480,099

CURRENT ASSETS
Debtors 6 11,137 13,826
Cash at bank 50,975 13,095
62,112 26,921
CREDITORS
Amounts falling due within one year 7 65,362 56,172
NET CURRENT LIABILITIES (3,250 ) (29,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,476,891

1,450,848

CREDITORS
Amounts falling due after more than one
year

8

409,768

433,000
NET ASSETS 1,067,123 1,017,848

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 511,348 511,348
Retained earnings 555,675 506,400
SHAREHOLDERS' FUNDS 1,067,123 1,017,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TINTAIL LIMITED (REGISTERED NUMBER: 01687516)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





I L M Phoenix - Director


TINTAIL LIMITED (REGISTERED NUMBER: 01687516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Tintail 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

TINTAIL LIMITED (REGISTERED NUMBER: 01687516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 2,331
Additions 833
At 31 March 2023 3,164
DEPRECIATION
At 1 April 2022 1,166
Charge for year 791
At 31 March 2023 1,957
NET BOOK VALUE
At 31 March 2023 1,207
At 31 March 2022 1,165

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,478,934
NET BOOK VALUE
At 31 March 2023 1,478,934
At 31 March 2022 1,478,934

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 1,478,934

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 1,112,586 1,112,586

Investment properties were valued on an open market basis on 31 March 2017 by the directors .

The directors are of the opinion that the current market value is not significantly different from that shown in the accounts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 11,137 13,826

TINTAIL LIMITED (REGISTERED NUMBER: 01687516)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 17,000 17,000
Taxation and social security 30,702 24,256
Other creditors 17,660 14,916
65,362 56,172

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 409,768 433,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 426,768 450,000

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 511,348