2023-01-012023-12-312023-12-31false13844100TIDE PROPERTY ASSETS LTD2024-05-2455209iso4217:GBPxbrli:pure138441002023-01-01138441002023-12-31138441002023-01-012023-12-31138441002022-01-12138441002022-12-31138441002022-01-122022-12-3113844100bus:SmallEntities2023-01-012023-12-3113844100bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113844100bus:FullAccounts2023-01-012023-12-3113844100bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113844100core:WithinOneYear2023-12-3113844100core:AfterOneYear2023-12-3113844100core:WithinOneYear2022-12-3113844100core:AfterOneYear2022-12-3113844100core:ShareCapital2023-12-3113844100core:SharePremium2023-12-3113844100core:RevaluationReserve2023-12-3113844100core:OtherReservesSubtotal2023-12-3113844100core:RetainedEarningsAccumulatedLosses2023-12-3113844100core:ShareCapital2022-12-3113844100core:SharePremium2022-12-3113844100core:RevaluationReserve2022-12-3113844100core:OtherReservesSubtotal2022-12-3113844100core:RetainedEarningsAccumulatedLosses2022-12-3113844100core:LandBuildings2023-12-3113844100core:PlantMachinery2023-12-3113844100core:Vehicles2023-12-3113844100core:FurnitureFittings2023-12-3113844100core:OfficeEquipment2023-12-3113844100core:NetGoodwill2023-12-3113844100core:IntangibleAssetsOtherThanGoodwill2023-12-3113844100core:ListedExchangeTraded2023-12-3113844100core:UnlistedNon-exchangeTraded2023-12-3113844100core:LandBuildings2022-12-3113844100core:PlantMachinery2022-12-3113844100core:Vehicles2022-12-3113844100core:FurnitureFittings2022-12-3113844100core:OfficeEquipment2022-12-3113844100core:NetGoodwill2022-12-3113844100core:IntangibleAssetsOtherThanGoodwill2022-12-3113844100core:ListedExchangeTraded2022-12-3113844100core:UnlistedNon-exchangeTraded2022-12-3113844100core:LandBuildings2023-01-012023-12-3113844100core:PlantMachinery2023-01-012023-12-3113844100core:Vehicles2023-01-012023-12-3113844100core:FurnitureFittings2023-01-012023-12-3113844100core:OfficeEquipment2023-01-012023-12-3113844100core:NetGoodwill2023-01-012023-12-3113844100core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113844100core:ListedExchangeTraded2023-01-012023-12-3113844100core:UnlistedNon-exchangeTraded2023-01-012023-12-3113844100core:MoreThanFiveYears2023-01-012023-12-3113844100core:Non-currentFinancialInstruments2023-12-3113844100core:Non-currentFinancialInstruments2022-12-3113844100dpl:CostSales2023-01-012023-12-3113844100dpl:DistributionCosts2023-01-012023-12-3113844100core:LandBuildings2023-01-012023-12-3113844100core:PlantMachinery2023-01-012023-12-3113844100core:Vehicles2023-01-012023-12-3113844100core:FurnitureFittings2023-01-012023-12-3113844100core:OfficeEquipment2023-01-012023-12-3113844100dpl:AdministrativeExpenses2023-01-012023-12-3113844100core:NetGoodwill2023-01-012023-12-3113844100core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113844100dpl:GroupUndertakings2023-01-012023-12-3113844100dpl:ParticipatingInterests2023-01-012023-12-3113844100dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113844100core:ListedExchangeTraded2023-01-012023-12-3113844100dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113844100core:UnlistedNon-exchangeTraded2023-01-012023-12-3113844100dpl:CostSales2022-01-122022-12-3113844100dpl:DistributionCosts2022-01-122022-12-3113844100core:LandBuildings2022-01-122022-12-3113844100core:PlantMachinery2022-01-122022-12-3113844100core:Vehicles2022-01-122022-12-3113844100core:FurnitureFittings2022-01-122022-12-3113844100core:OfficeEquipment2022-01-122022-12-3113844100dpl:AdministrativeExpenses2022-01-122022-12-3113844100core:NetGoodwill2022-01-122022-12-3113844100core:IntangibleAssetsOtherThanGoodwill2022-01-122022-12-3113844100dpl:GroupUndertakings2022-01-122022-12-3113844100dpl:ParticipatingInterests2022-01-122022-12-3113844100dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-122022-12-3113844100core:ListedExchangeTraded2022-01-122022-12-3113844100dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-122022-12-3113844100core:UnlistedNon-exchangeTraded2022-01-122022-12-3113844100core:NetGoodwill2023-12-3113844100core:IntangibleAssetsOtherThanGoodwill2023-12-3113844100core:LandBuildings2023-12-3113844100core:PlantMachinery2023-12-3113844100core:Vehicles2023-12-3113844100core:FurnitureFittings2023-12-3113844100core:OfficeEquipment2023-12-3113844100core:AfterOneYear2023-12-3113844100core:WithinOneYear2023-12-3113844100core:ListedExchangeTraded2023-12-3113844100core:UnlistedNon-exchangeTraded2023-12-3113844100core:ShareCapital2023-12-3113844100core:SharePremium2023-12-3113844100core:RevaluationReserve2023-12-3113844100core:OtherReservesSubtotal2023-12-3113844100core:RetainedEarningsAccumulatedLosses2023-12-3113844100core:NetGoodwill2022-12-3113844100core:IntangibleAssetsOtherThanGoodwill2022-12-3113844100core:LandBuildings2022-12-3113844100core:PlantMachinery2022-12-3113844100core:Vehicles2022-12-3113844100core:FurnitureFittings2022-12-3113844100core:OfficeEquipment2022-12-3113844100core:AfterOneYear2022-12-3113844100core:WithinOneYear2022-12-3113844100core:ListedExc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TIDE PROPERTY ASSETS LTD

Registered Number
13844100
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TIDE PROPERTY ASSETS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

ANTILL, Jason Peter Jeffries

Registered Address

11 Golden Square
Soho
London
W1F 9JB

Registered Number

13844100 (England and Wales)
TIDE PROPERTY ASSETS LTD
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investment property3467,366361,875
467,366361,875
Current assets
Debtors4-1,218
Cash at bank and on hand8,27621,461
8,27622,679
Creditors amounts falling due within one year5(452,818)(368,985)
Net current assets (liabilities)(444,542)(346,306)
Total assets less current liabilities22,82415,569
Net assets22,82415,569
Capital and reserves
Called up share capital1010
Profit and loss account22,81415,559
Shareholders' funds22,82415,569
The financial statements were approved and authorised for issue by the Director on 24 May 2024, and are signed on its behalf by:
ANTILL, Jason Peter Jeffries
Director
Registered Company No. 13844100
TIDE PROPERTY ASSETS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

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. The company was incorporated on 12 January 2022 and commenced trade on 14 March 2022. The comparatives presented relate to the period from incorporation on 12 January 2022 to 31 December 2022.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
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.
Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Finance leases and hire purchase contracts
Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20232022
Average number of employees during the year11
3.Investment property
On 31 December 2023, the investment properties were held at their historic cost of £467,366. The properties were purchased for £361,875 on 14 March 2022. The value of the properties as at 31 December 2023 includes additions of £105,491. It is the opinion of the director that this valuation has not materiality altered at the period end date.

£
Fair value at 01 January 23361,875
Additions105,491
At 31 December 23467,366
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables-1,218
Total-1,218
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties448,477363,276
Taxation and social security1,7013,708
Accrued liabilities and deferred income2,6402,001
Total452,818368,985
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Related party transactions
During the period the company had a loan account with Pure Real Estate Services Limited, a company in which the director of this company is the sole director. At the balance sheet date the company owed Pure Real Estate Services Limited £448,477 (2022 - £363,276). This loan is unsecured, interest free and repayable upon demand. During the year the company let one of its investment properties to Pure Real Estate Services Limited, a company under control of Mr J Antill the company director. No rent was charged to Pure Real Estate Services Limited for the use of this property (2022 - £nil).