Silverfin false 05 September 2024 05 September 2024 David Mellor Dixon Wilson Audit Services LLP 50,784 4,918 false true 31/12/2023 01/01/2023 31/12/2023 Michael Cooke 05/05/2023 Timothy Daniels 01/01/2020 Kathleen Dunleavy 23/03/2023 28/06/2016 Michael Sonnenfeldt 28/06/2016 05 September 2024 no description of principal activity 10255074 2023-12-31 10255074 bus:Director1 2023-12-31 10255074 bus:Director2 2023-12-31 10255074 bus:Director3 2023-12-31 10255074 bus:Director4 2023-12-31 10255074 core:CurrentFinancialInstruments 2023-12-31 10255074 core:CurrentFinancialInstruments 2022-12-31 10255074 2022-12-31 10255074 core:ShareCapital 2023-12-31 10255074 core:ShareCapital 2022-12-31 10255074 core:RetainedEarningsAccumulatedLosses 2023-12-31 10255074 core:RetainedEarningsAccumulatedLosses 2022-12-31 10255074 2023-01-01 2023-12-31 10255074 bus:FilletedAccounts 2023-01-01 2023-12-31 10255074 bus:SmallEntities 2023-01-01 2023-12-31 10255074 bus:Audited 2023-01-01 2023-12-31 10255074 2022-01-01 2022-12-31 10255074 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10255074 bus:Director1 2023-01-01 2023-12-31 10255074 bus:Director2 2023-01-01 2023-12-31 10255074 bus:Director3 2023-01-01 2023-12-31 10255074 bus:Director4 2023-01-01 2023-12-31 10255074 1 2023-01-01 2023-12-31 10255074 1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 10255074 (England and Wales)

TIGER 21 UK LTD

Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

TIGER 21 UK LTD

Financial Statements

For the financial year ended 31 December 2023

Contents

TIGER 21 UK LTD

COMPANY INFORMATION

For the financial year ended 31 December 2023
TIGER 21 UK LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Michael Cooke (Appointed 05 May 2023)
Timothy Daniels
Kathleen Dunleavy (Resigned 23 March 2023)
Michael Sonnenfeldt
SECRETARY Michael Cooke
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
England
United Kingdom
COMPANY NUMBER 10255074 (England and Wales)
AUDITOR Dixon Wilson Audit Services LLP
22 Chancery Lane
London
WC2A 1LS
TIGER 21 UK LTD

BALANCE SHEET

As at 31 December 2023
TIGER 21 UK LTD

BALANCE SHEET (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Debtors 4 304,234 277,004
Cash at bank and in hand 403,426 380,307
707,660 657,311
Creditors: amounts falling due within one year 5 ( 508,911) ( 509,346)
Net current assets 198,749 147,965
Total assets less current liabilities 198,749 147,965
Net assets 198,749 147,965
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 197,749 146,965
Total shareholders' funds 198,749 147,965

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Tiger 21 UK Ltd (registered number: 10255074) were approved and authorised for issue by the Board of Directors on 05 September 2024. They were signed on its behalf by:

Michael Cooke
Director
TIGER 21 UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
TIGER 21 UK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tiger 21 UK Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are initially recorded at the rate of exchange prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Turnover

Turnover comprises the fair value of the consideration received for the membership fees and is allocated based on the period of the membership. Turnover is shown net of value added tax, cancellations, rebates and discounts.

Taxation

Current tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax creditors in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Trade and other debtors

Trade debtors are amounts due from customers for 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 debtors.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year 1 1

3. Auditor's remuneration

An analysis of the auditor's remuneration is as follows:

2023 2022
£ £
Fees payable to the Company’s auditor and its associates for the audit of the Company's annual financial statements: 10,240 9,750
Total audit fees 10,240 9,750

4. Debtors

2023 2022
£ £
Trade debtors 113,850 59,400
Amounts owed by Group undertakings 184,742 200,646
Corporation tax 0 673
Other debtors 5,642 16,285
304,234 277,004

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 8,784 8,116
Accruals and deferred income 463,508 463,846
Taxation and social security 31,304 32,874
Other creditors 5,315 4,510
508,911 509,346

6. Events after the Balance Sheet date

As of 1 January 2024, the group completed a global restructure which reorganised EMEA entities to operate under Tiger 21 UK Ltd.

7. Audit Opinion

The audit report was unqualified and no reference was made to any matters to which the auditor drew attention by way of emphasis.

The audit report was signed by David Mellor on behalf of Dixon Wilson Audit Services LLP.

8. Ultimate controlling party

Parent Company:

Tiger 21 UK Holding Corp
The ultimate parent company is Tiger 21 LLC incorporated in the United States, the address being 1995 Broadway, Suite 600 New York, NY 10023.

The ultimate controlling party is MWS T21 Family Trust.