20 May 2022 false No description of principal activity Taxfiler 2023.10 14121778business:PrivateLimitedCompanyLtd2022-05-202023-05-31 141217782022-05-19 141217782022-05-202023-05-31 14121778business:AuditExemptWithAccountantsReport2022-05-202023-05-31 14121778business:FilletedAccounts2022-05-202023-05-31 141217782023-05-31 14121778business:Director12022-05-202023-05-31 14121778business:Director22022-05-202023-05-31 14121778business:Director32022-05-202023-05-31 14121778business:RegisteredOffice2022-05-202023-05-31 14121778core:WithinOneYear2023-05-31 14121778core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 14121778core:SharePremiumcore:PreviouslyStatedAmount2023-05-31 14121778core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 14121778core:PreviouslyStatedAmount2023-05-31 14121778business:SmallEntities2022-05-202023-05-31 14121778countries:EnglandWales2022-05-202023-05-31 14121778core:FurnitureFittings2022-05-202023-05-31 14121778core:ComputerEquipment2022-05-202023-05-31 14121778core:FurnitureFittings2022-05-19 14121778core:ComputerEquipment2022-05-19 14121778core:FurnitureFittings2023-05-31 14121778core:ComputerEquipment2023-05-31 14121778core:BetweenOneFiveYears2023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14121778 (England and Wales)
Tourbillon Investment Management Ltd Unaudited accounts for the period from 20 May 2022 to 31 May 2023
Tourbillon Investment Management Ltd Unaudited accounts Contents
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Tourbillon Investment Management Ltd Company Information for the period from 20 May 2022 to 31 May 2023
Directors
B Beneche R Narayanaswamy S Todd
Company Number
14121778 (England and Wales)
Registered Office
4th Floor 16 Kingly Street London W1B 5PT England
Accountants
Brambillow Accounting Ltd Brookhouse Cranoe Road Welham Leicestershire LE16 7UH
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Tourbillon Investment Management Ltd Statement of financial position as at 31 May 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
3,373 
Current assets
Debtors
45,042 
Cash at bank and in hand
144,575 
189,617 
Creditors: amounts falling due within one year
(106,372)
Net current assets
83,245 
Net assets
86,618 
Capital and reserves
Called up share capital
182 
Share premium
154,930 
Profit and loss account
(68,494)
Shareholders' funds
86,618 
For the period ending 31 May 2023 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by
B Beneche Director Company Registration No. 14121778
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Tourbillon Investment Management Ltd Notes to the Accounts for the period from 20 May 2022 to 31 May 2023
1
Statutory information
Tourbillon Investment Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 14121778. The registered office is 4th Floor, 16 Kingly Street, London, W1B 5PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Comparative Financial Data
The Company was incorporated on 20 May 2022. Consequently, the period ended 31 May 2023 is the Company's first period of account and there is no comparative financial data.
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Tourbillon Investment Management Ltd Notes to the Accounts for the period from 20 May 2022 to 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 20 May 2022
- 
- 
- 
Additions
2,652 
1,564 
4,216 
At 31 May 2023
2,652 
1,564 
4,216 
Depreciation
Charge for the period
530 
313 
843 
At 31 May 2023
530 
313 
843 
Net book value
At 31 May 2023
2,122 
1,251 
3,373 
5
Debtors
2023 
£ 
Amounts falling due within one year
Deferred tax asset
15,479 
Accrued income and prepayments
10,080 
Other debtors
19,483 
45,042 
6
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
105,622 
Accruals
750 
106,372 
7
Operating lease commitments
2023 
£ 
At 31 May 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
38,961 
Later than one year and not later than five years
32,468 
71,429 
8
Transactions with related parties
At 31 May 2023, a total amount of £105,622 was payable to the Directors from the Company. The following conditions are attached to all amounts payable: (1) interest is not charged on any amounts outstanding; (2) no fixed date has been set for the amounts to be repaid to the Directors.
9
Average number of employees
During the period the average number of employees was 0.
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