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REGISTERED NUMBER: 11529129 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TIDYLAND LIMITED

TIDYLAND LIMITED (REGISTERED NUMBER: 11529129)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIDYLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: F Yeganeh





REGISTERED OFFICE: The Queens Hotel
Osborne Road
Southsea
PO5 3LJ





REGISTERED NUMBER: 11529129 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

TIDYLAND LIMITED (REGISTERED NUMBER: 11529129)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment property 4 805,994 805,994

CURRENT ASSETS
Prepayments and accrued income 4,693 5,485
Cash at bank 2,324 8,229
7,017 13,714
CREDITORS
Amounts falling due within one year 5 116,828 299,424
NET CURRENT LIABILITIES (109,811 ) (285,710 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,183

520,284

CREDITORS
Amounts falling due after more than one year 6 626,864 457,211
NET ASSETS 69,319 63,073

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 69,318 63,072
69,319 63,073

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

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

The director acknowledges his 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.

TIDYLAND LIMITED (REGISTERED NUMBER: 11529129)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 6 March 2024 and were signed by:





F Yeganeh - Director


TIDYLAND LIMITED (REGISTERED NUMBER: 11529129)

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


1. STATUTORY INFORMATION

Tidyland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Turnover represents rental and similar income receivable on properties within the UK together with other fees due during the year.

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.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

TIDYLAND LIMITED (REGISTERED NUMBER: 11529129)

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


2. ACCOUNTING POLICIES - continued

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method unless the effect of discounting would be immaterial, in which case it is stated at cost and is included in interest payable and similar charges.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 September 2022
and 31 August 2023 805,994
NET BOOK VALUE
At 31 August 2023 805,994
At 31 August 2022 805,994

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 August 2023 by the director. No change to the value was deemed necessary.

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

2023 2022
£    £   
Cost 805,994 805,994
Aggregate depreciation NIL NIL

The investment property was valued on a current market value basis on 31 August 2023 by the directors at
£805,994

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 7) 7,584 5,453
Taxation and social security 1,469 4,704
Other creditors 107,775 289,267
116,828 299,424

TIDYLAND LIMITED (REGISTERED NUMBER: 11529129)

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


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans (see note 7) 446,864 457,211
Other creditors 180,000 -
626,864 457,211

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 180,000 -

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Mortgage due within 1 year 7,584 5,453

Amounts falling due between two and five years:
Mortgage due more than 1 year 446,864 457,211

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 180,000 -

During the 2023 financial period, the company was granted a draw down agreement. It is denominated in £ with a nominal interest rate of 3%. The carrying amount at the 2023 year end was £180,000.

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 454,448 462,664

The mortgage is secured by fixed and floating changes over the whole of the company's undertaking including all of its present and future assets.

A director has also provided a personal guarantee for the loan.