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T I B Properties Limited

Registered Number
05261582
(England and Wales)

Unaudited Financial Statements for the Year ended
30 January 2024

T I B Properties Limited
Company Information
for the year from 31 January 2023 to 30 January 2024

Directors

Flint, Anthony
Forth, Richard

Company Secretary

Forth, Richard

Registered Address

The Station
77 Canal Road
Leeds
LS12 2LX

Registered Number

05261582 (England and Wales)
T I B Properties Limited
Balance Sheet as at
30 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets326,25018,750
Tangible assets4110,000110,000
Investments511,7901,790
148,040130,540
Current assets
Debtors6-4,626
Cash at bank and on hand16,4888,673
16,48813,299
Creditors amounts falling due within one year7(5,575)(5,671)
Net current assets (liabilities)10,9137,628
Total assets less current liabilities158,953138,168
Net assets158,953138,168
Capital and reserves
Called up share capital100100
Profit and loss account158,853138,068
Shareholders' funds158,953138,168
The financial statements were approved and authorised for issue by the Board of Directors on 16 April 2024, and are signed on its behalf by:
Flint, Anthony
Director
Registered Company No. 05261582
T I B Properties Limited
Notes to the Financial Statements
for the year ended 30 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Investments in crypto currency are measured under the cost model. No amortisation is accounted for.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets
Intangible assets consist of the holding of crypto currency for investment purposes. Assets are held at cost with no amortisation.

Other

Total

££
Cost or valuation
At 31 January 2318,75018,750
Additions7,5007,500
At 30 January 2426,25026,250
Net book value
At 30 January 2426,25026,250
At 30 January 2318,75018,750
4.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 31 January 23110,000110,000
At 30 January 24110,000110,000
Net book value
At 30 January 24110,000110,000
At 30 January 23110,000110,000
The property was revalued in January 2020 by Carter Jonas, professional valuers. The directors have revalued the property at fair value at the year and do not believe the value to be materially different.
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 31 January 231,7901,790
Additions10,00010,000
At 30 January 2411,79011,790
Net book value
At 30 January 2411,79011,790
At 30 January 231,7901,790

Notes

1Other investments other than loans
6.Debtors: amounts due within one year

2024

2023

££
Other debtors-4,626
Total-4,626
7.Creditors: amounts due within one year

2024

2023

££
Taxation and social security4,8754,971
Accrued liabilities and deferred income700700
Total5,5755,671