Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 SC120068 Mr Philip Magson Mrs Yvonne Magson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC120068 2022-08-31 SC120068 2023-08-31 SC120068 2022-09-01 2023-08-31 SC120068 frs-core:CurrentFinancialInstruments 2023-08-31 SC120068 frs-core:ComputerEquipment 2023-08-31 SC120068 frs-core:ComputerEquipment 2022-09-01 2023-08-31 SC120068 frs-core:ComputerEquipment 2022-08-31 SC120068 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 SC120068 frs-core:InvestmentPropertyIncludedWithinPPE 2022-08-31 SC120068 frs-core:ShareCapital 2023-08-31 SC120068 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC120068 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 SC120068 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 SC120068 frs-bus:SmallEntities 2022-09-01 2023-08-31 SC120068 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 SC120068 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC120068 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31 SC120068 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 SC120068 frs-bus:Director1 2022-09-01 2023-08-31 SC120068 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 SC120068 frs-countries:Scotland 2022-09-01 2023-08-31 SC120068 2021-08-31 SC120068 2022-08-31 SC120068 2021-09-01 2022-08-31 SC120068 frs-core:CurrentFinancialInstruments 2022-08-31 SC120068 frs-core:ShareCapital 2022-08-31 SC120068 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 SC120068 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31
Tiga Properties Limited
Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC120068
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 100,718 100,988
100,718 100,988
CURRENT ASSETS
Cash at bank and in hand 5,426 8,027
5,426 8,027
Creditors: Amounts Falling Due Within One Year 5 (11,453 ) (19,313 )
NET CURRENT ASSETS (LIABILITIES) (6,027 ) (11,286 )
TOTAL ASSETS LESS CURRENT LIABILITIES 94,691 89,702
NET ASSETS 94,691 89,702
CAPITAL AND RESERVES
Called up share capital 6 9,700 9,700
Fair Value Reserve 7 23,000 23,000
Profit and Loss Account 61,991 57,002
SHAREHOLDERS' FUNDS 94,691 89,702
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Magson
Director
17th April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tiga Properties Limited is a private company, limited by shares, incorporated in Scotland, registered number SC120068 . The registered office is 4 Keithhall Gardens, Birkhill, Dundee, DD2 5RR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income receivable for the year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 15 % on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 September 2022 100,000 6,004 106,004
As at 31 August 2023 100,000 6,004 106,004
Depreciation
As at 1 September 2022 - 5,016 5,016
Provided during the period - 270 270
As at 31 August 2023 - 5,286 5,286
Net Book Value
As at 31 August 2023 100,000 718 100,718
As at 1 September 2022 100,000 988 100,988
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Cost or valuation as at 31 August 2023 represented by:
Investment Properties Computer Equipment Total
£ £ £
At cost - 6,004 6,004
At valuation 100,000 - 100,000
100,000 6,004 106,004
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Investment Properties
£
Cost 77,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,950 -
Other creditors 7,800 17,246
Taxation and social security 1,703 2,067
11,453 19,313
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 9,700 9,700
7. Reserves
Fair Value Reserve
£
As at 1 September 2022 23,000
As at 31 August 2023 23,000
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