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Registration number: 04339559

Tide Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Tide Management Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Tide Management Limited

(Registration number: 04339559)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

100

100

Current assets

 

Debtors

5

1,725

1,725

Creditors: Amounts falling due within one year

6

(5,411)

(4,868)

Net current liabilities

 

(3,686)

(3,143)

Total assets less current liabilities

 

(3,586)

(3,043)

Creditors: Amounts falling due after more than one year

6

(2,599)

(2,599)

Net liabilities

 

(6,185)

(5,642)

Capital and reserves

 

Called up share capital

400

400

Retained earnings

(6,585)

(6,042)

Shareholders' deficit

 

(6,185)

(5,642)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................
J Mittens
Director

 

Tide Management Limited

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

1

General information

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

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Tide Management Limited

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

4

Investments

Subsidiaries

£

Cost or valuation

At 1 April 2023

100

Provision

Carrying amount

At 31 March 2024

100

At 31 March 2023

100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Tide Communications Limited

England

Ordinary

100%

100%

Subsidiary undertakings

Tide Communications Limited

The principal activity of Tide Communications Limited is telecommunications and services.

 

Tide Management Limited

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

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

7

1,325

1,325

Other debtors

 

400

400

   

1,725

1,725

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to related parties

7

4,847

4,318

Other creditors

 

564

550

 

5,411

4,868

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

2,599

2,599

7

Related party transactions

Summary of transactions with subsidiaries

Tide Communications Limited
 At the balance sheet date the amount due from Tide Communications Limited was £1,325 (2023: £1,325).

 

Summary of transactions with other related parties

Saiph Communications Limited (a company owned wholly by Saiph Group Limited, of which J Mittens is a significant shareholder).

At the balance sheet date the amount due to Saiph Communications Limited was £4,847 (2023: £4,318).