Caseware UK (AP4) 2022.0.179 2022.0.179 2No description of principal activity2022-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04701628 2022-04-01 2023-03-31 04701628 2021-04-01 2022-03-31 04701628 2023-03-31 04701628 2022-03-31 04701628 c:Director1 2022-04-01 2023-03-31 04701628 d:Buildings 2023-03-31 04701628 d:Buildings 2022-03-31 04701628 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04701628 d:PlantMachinery 2022-04-01 2023-03-31 04701628 d:FurnitureFittings 2022-04-01 2023-03-31 04701628 d:FurnitureFittings 2023-03-31 04701628 d:FurnitureFittings 2022-03-31 04701628 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04701628 d:OfficeEquipment 2022-04-01 2023-03-31 04701628 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04701628 d:CurrentFinancialInstruments 2023-03-31 04701628 d:CurrentFinancialInstruments 2022-03-31 04701628 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04701628 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04701628 d:ShareCapital 2023-03-31 04701628 d:ShareCapital 2022-03-31 04701628 d:RetainedEarningsAccumulatedLosses 2023-03-31 04701628 d:RetainedEarningsAccumulatedLosses 2022-03-31 04701628 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04701628 c:OrdinaryShareClass1 2023-03-31 04701628 c:OrdinaryShareClass1 2022-03-31 04701628 c:FRS102 2022-04-01 2023-03-31 04701628 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04701628 c:FullAccounts 2022-04-01 2023-03-31 04701628 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04701628 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04701628










Tippu Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023





 
Tippu Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Tippu Limited for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tippu Limited for the year ended 31 March 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Tippu Limited, as a body, in accordance with the terms of our engagement letter dated 15 December 2022Our work has been undertaken solely to prepare for your approval the financial statements of Tippu Limited  and state those matters that we have agreed to state to the Board of Directors of Tippu Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tippu Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Tippu Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tippu Limited. You consider that Tippu Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Tippu Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
23 November 2023
Page 1

 
Tippu Limited
Registered number: 04701628

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
43,814
44,390

Current assets
  

Debtors: amounts falling due within one year
 5 
857
2,400

Cash at bank and in hand
  
1,528
1,457

  
2,385
3,857

Creditors: amounts falling due within one year
 6 
(35,893)
(33,957)

Net current liabilities
  
 
 
(33,508)
 
 
(30,100)

  

Net assets
  
10,306
14,290


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
10,304
14,288

  
10,306
14,290


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 on 23 November 2023.




Dr N Tippu
Director

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

Page 2

 
Tippu Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

Tippu Limited is a private company limited by shares which was incorporated in England and Wales.
The company’s registered office and principal place of business is 74 Archers Court Road, Whitfield, Dover, Kent, CT16 3HU.
The financial statements are presented in pound Sterling, and rounded to the nearest pound.
The company's principal activity is the provision of medical services.

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

Going concern

The directors will continue to financially support the company by not demanding repayment of their loan of £31,836 and will continue to support the company to enable the business to pay its obligations in the ordinary course of business.

 
2.3

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:

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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
Tippu Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.5

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:

Plant & machinery
-
20%
Fixtures & fittings
-
15%
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.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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.

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Page 4

 
Tippu Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 5

 
Tippu Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

4.


Tangible fixed assets





Land and buildings
Furniture, fittings, plant and equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
43,438
6,908
50,346



At 31 March 2023

43,438
6,908
50,346



Depreciation


At 1 April 2022
-
5,957
5,957


Charge for the year on owned assets
-
575
575



At 31 March 2023

-
6,532
6,532



Net book value



At 31 March 2023
43,438
376
43,814



At 31 March 2022
43,438
951
44,389


5.


Debtors

2023
2022
£
£


Trade debtors
-
2,400

Prepayments and accrued income
857
-

857
2,400



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
31,836
29,697

Accruals and deferred income
4,057
4,260

35,893
33,957


Page 6

 
Tippu Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1 each
2
2



8.


Controlling party

There is no controlling party, as both shareholders own 50% of the shares.


Page 7