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REGISTERED NUMBER: 13907298 (England and Wales)













Tiptoe Retreat Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Tiptoe Retreat Ltd (Registered number: 13907298)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Tiptoe Retreat Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: TAJ Carroll
LHM Carroll
RCM Carroll





REGISTERED OFFICE: The Farm Office
Tiptoe Farm
Cornhill-on-Tweed
Northumberland
TD12 4XD





REGISTERED NUMBER: 13907298 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tiptoe Retreat Ltd (Registered number: 13907298)


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tiptoe Retreat Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tiptoe Retreat Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tiptoe Retreat Ltd and state those matters that we have agreed to state to the Board of Directors of Tiptoe Retreat Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tiptoe Retreat Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tiptoe Retreat Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tiptoe Retreat Ltd. You consider that Tiptoe Retreat Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tiptoe Retreat Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


20 August 2024

Tiptoe Retreat Ltd (Registered number: 13907298)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 95,313 27,149
Cash at bank 33,469 2,596
128,782 29,745
CREDITORS
Amounts falling due within one year 5 46,549 31,325
NET CURRENT ASSETS/(LIABILITIES) 82,233 (1,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,233

(1,580

)

CREDITORS
Amounts falling due after more than one
year

6

86,000

-
NET LIABILITIES (3,767 ) (1,580 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,867 ) (1,680 )
(3,767 ) (1,580 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Tiptoe Retreat Ltd (Registered number: 13907298)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




TAJ Carroll - Director



RCM Carroll - Director


Tiptoe Retreat Ltd (Registered number: 13907298)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Tiptoe Retreat Ltd 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.

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.

Going concern
The directors are aware that the company has net liabilities as these are the early years of activity and no income has yet been generated. The company relies on the support of its lenders including the directors' related businesses which have agreed that they will not withdraw their loans to the detriment of other creditors.

The directors have reviewed forecasts exceeding 12 months from the date of signing these accounts and are confident that the business will trade profitably in future. They have therefore confirmed that the going concern basis is appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

Tiptoe Retreat Ltd (Registered number: 13907298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 84,166 26,117
Other debtors 846 -
VAT 9,511 690
Deferred tax asset 690 242
Called up share capital not paid 100 100
95,313 27,149

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 30,000 30,500
Trade creditors 15,679 -
Accruals and deferred income 870 825
46,549 31,325

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more than 5 yrs -
no instalments 86,000 -
86,000 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 yrs -
no instalments 86,000 -
86,000 -

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 86,000 -

The bank loan is secured against land and property at Tiptoe Estate, owned by two of the directors in their farming partnership.

Tiptoe Retreat Ltd (Registered number: 13907298)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. DEFERRED TAX
£   
Balance at 1 April 2023 (242 )
Provided during year (448 )
Balance at 31 March 2024 (690 )

9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 24,350 -

10. RELATED PARTY DISCLOSURES

The company has received a loan from a company of which two of the directors are also directors and shareholders. The loan is interest free and unsecured with no repayment terms agreed. This business has a loan balance of £30,000 (2023 - £30,000) outstanding at the end of the period.

The company has received a loan from a partnership of which two of the directors are also partners. The loan was interest free and unsecured with no repayment terms agreed. This business has a loan balance of £nil (2023 - £500) outstanding at the end of the period.

These loan balances are disclosed as other loans in the accounts.