Tika-Torre Limited 09623888 true 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Other human health activities Digita Accounts Production Advanced 6.30.9574.0 true Mr Joshua Olufemi Orisajo true 09623888 2022-08-01 2023-07-31 09623888 2023-07-31 09623888 bus:OrdinaryShareClass1 2023-07-31 09623888 core:RetainedEarningsAccumulatedLosses 2023-07-31 09623888 core:ShareCapital 2023-07-31 09623888 core:CurrentFinancialInstruments 2023-07-31 09623888 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 09623888 core:Non-currentFinancialInstruments 2023-07-31 09623888 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 09623888 bus:FRS102 2022-08-01 2023-07-31 09623888 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09623888 bus:FullAccounts 2022-08-01 2023-07-31 09623888 bus:RegisteredOffice 2022-08-01 2023-07-31 09623888 bus:CompanySecretaryDirector1 2022-08-01 2023-07-31 09623888 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 09623888 bus:EntityNoLongerTradingButTradedInPast 2022-08-01 2023-07-31 09623888 bus:Consolidated 2022-08-01 2023-07-31 09623888 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09623888 core:OfficeEquipment 2022-08-01 2023-07-31 09623888 countries:AllCountries 2022-08-01 2023-07-31 09623888 2022-07-31 09623888 bus:OrdinaryShareClass1 2022-07-31 09623888 core:RetainedEarningsAccumulatedLosses 2022-07-31 09623888 core:ShareCapital 2022-07-31 09623888 core:CurrentFinancialInstruments 2022-07-31 09623888 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 09623888 core:Non-currentFinancialInstruments 2022-07-31 09623888 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09623888

Tika-Torre Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Tika-Torre Limited

Profit and Loss Account for the Year Ended 31 July 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Tika-Torre Limited

(Registration number: 09623888)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

20,066

20,066

Cash at bank and in hand

 

6,759

6,759

 

26,825

26,825

Creditors: Amounts falling due within one year

5

(5,013)

(5,013)

Total assets less current liabilities

 

21,812

21,812

Creditors: Amounts falling due after more than one year

5

(18,963)

(18,963)

Net assets

 

2,849

2,849

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

2,848

2,848

Shareholders' funds

 

2,849

2,849

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 April 2024
 

.........................................
Mr Joshua Olufemi Orisajo
Company secretary and director

 

Tika-Torre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
10 Saffron Close
Royal Wootton Bassett
Swindon
SN4 7JA
England

These financial statements were authorised for issue by the director on 30 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Depreciation

Asset class

Depreciation method and rate

Office

33% Straighline

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Tika-Torre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

2023
£

2022
£

Other debtors

20,066

20,066

4

Cash and cash equivalents

2023
£

2022
£

Cash at bank

6,759

6,759

5

Creditors

 

Tika-Torre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Note

2023
£

2022
£

Due within one year

 

Social security and other taxes

 

872

872

Income tax liability

4,141

4,141

 

5,013

5,013

Due after one year

 

Loans and borrowings

7

18,963

18,963

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

18,963

18,963