Tamahine Limited 09602958 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of an investment company. Digita Accounts Production Advanced 6.30.9574.0 false true 09602958 2023-04-01 2024-03-31 09602958 2024-03-31 09602958 core:RetainedEarningsAccumulatedLosses 2024-03-31 09602958 core:ShareCapital 2024-03-31 09602958 core:CurrentFinancialInstruments 2024-03-31 09602958 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09602958 bus:SmallEntities 2023-04-01 2024-03-31 09602958 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09602958 bus:FullAccounts 2023-04-01 2024-03-31 09602958 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09602958 bus:RegisteredOffice 2023-04-01 2024-03-31 09602958 bus:Director1 2023-04-01 2024-03-31 09602958 bus:Director2 2023-04-01 2024-03-31 09602958 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09602958 core:Subsidiary1 2023-04-01 2024-03-31 09602958 core:Subsidiary1 1 2023-04-01 2024-03-31 09602958 core:Subsidiary1 countries:EnglandWales 2023-04-01 2024-03-31 09602958 countries:EnglandWales 2023-04-01 2024-03-31 09602958 core:CostValuation 2023-03-31 09602958 2022-04-01 2023-03-31 09602958 2023-03-31 09602958 core:RetainedEarningsAccumulatedLosses 2023-03-31 09602958 core:ShareCapital 2023-03-31 09602958 core:CurrentFinancialInstruments 2023-03-31 09602958 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09602958 core:Subsidiary1 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09602958


Tamahine Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Tamahine Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Tamahine Limited

Company Information

Directors

Mr M J C Bamford

Mr S E R Ovens

Registered office

3 Deanery Street
London
W1K 1AX

Accountants

Howsons
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Tamahine Limited

(Registration number: 09602958)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

2

2

Other financial assets

6,559,647

5,699,266

 

6,559,649

5,699,268

Current assets

 

Debtors

5

469,996

469,996

Cash at bank and in hand

 

16,390

19,908

 

486,386

489,904

Creditors: Amounts falling due within one year

6

(75,000)

(75,000)

Net current assets

 

411,386

414,904

Net assets

 

6,971,035

6,114,172

Capital and reserves

 

Called up share capital

102

102

Retained earnings

6,970,933

6,114,070

Shareholders' funds

 

6,971,035

6,114,172

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 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

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 15 July 2024 and signed on its behalf by:
 

 

Tamahine Limited

(Registration number: 09602958)
Balance Sheet as at 31 March 2024

.........................................
Mr M J C Bamford
Director

 

Tamahine 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:
3 Deanery Street
London
W1K 1AX

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

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

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Tamahine Limited

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

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (excluding directors) during the year, was 0 (2023 - 0).

 

Tamahine Limited

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

4

Investments

2024
£

2023
£

Investments in subsidiaries

2

2

Subsidiaries

£

Cost or valuation

At 1 April 2023 and 31 March 2024

2

Provision

Carrying amount

At 31 March 2024

2

At 31 March 2023

2

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) 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

Tamahine Investments Limited

3 Deanery Street, Mayfair, London, W1K 1AX

England and Wales

Ordinary shares

100%

100%

Subsidiary undertakings

Tamahine Investments Limited

The principal activity of Tamahine Investments Limited is that of a general trading company.

 

Tamahine Limited

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

Other financial assets

2024
£

2023
£

Other investments

6,559,647

5,699,266

In accordance with the company's accounting policy, fixed asset investments are stated at their fair value. The cost of these investments was £9,310,188 (31 March 2023 - £9,310,188) and the fair value of the fixed asset investments at 31 March 2024 was £6,559,647 (2023 - £5,699,266). Revaluation gains of £860,381 (2023 - £234,330) have been taken to the profit and loss account for the year.

5

Debtors

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

469,996

469,996

469,996

469,996

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors' loan account

 

75,000

75,000