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REGISTERED NUMBER: 12921709 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Tico Capital Management Limited

Tico Capital Management Limited (Registered number: 12921709)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tico Capital Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J M Harper
A A Harper





REGISTERED OFFICE: Apartment 302
Acre House
72 Long Acre
London
WC2E 9JS





REGISTERED NUMBER: 12921709 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Tico Capital Management Limited (Registered number: 12921709)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,357 4,615

CURRENT ASSETS
Debtors 5 47,714 33,696
Cash at bank 166,265 99,300
213,979 132,996
CREDITORS
Amounts falling due within one year 6 177,839 142,417
NET CURRENT ASSETS/(LIABILITIES) 36,140 (9,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,497

(4,806

)

CAPITAL AND RESERVES
Called up share capital 7 385,000 235,000
Retained earnings (345,503 ) (239,806 )
SHAREHOLDERS' FUNDS 39,497 (4,806 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





J M Harper - Director


Tico Capital Management Limited (Registered number: 12921709)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tico Capital Management Limited 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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

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.

The financial statements have been prepared on a going concern basis. Given the known challenges faced by startup investment managers raising external assets leading towards a self-sustaining business, the directors have allocated sufficient resources to finance the Company. Based on the assessment of the directors, there is reasonable expectation that the Company has access to adequate financial resources to continue in operational existence for the foreseeable future. Therefore, the directors continue to apply the going concern basis.

Turnover
Turnover represents net fees earned on managed funds. Credit is taken for fees in the period to which the fee relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tico Capital Management Limited (Registered number: 12921709)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/ payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,600 1,435 5,035
DEPRECIATION
At 1 January 2023 300 120 420
Charge for year 900 358 1,258
At 31 December 2023 1,200 478 1,678
NET BOOK VALUE
At 31 December 2023 2,400 957 3,357
At 31 December 2022 3,300 1,315 4,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 21,673 15,790
Other debtors 23,700 7,650
Directors' current accounts - 7,379
VAT 2,341 2,877
47,714 33,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,399 21,474
Other creditors 132,889 118,443
Directors' current accounts 36,751 -
Accrued expenses 2,800 2,500
177,839 142,417

Tico Capital Management Limited (Registered number: 12921709)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
385,000 Ordinary £1 385,000 235,000

150,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company advanced £50,000 to its directors (2022 - £7,379). During the year the directors repaid £57,379 (2022 - £Nil) leaving an amount owed to the company at the year end of £Nil (2022 - £7,379). No interest has been charged on the loans and amounts are repayable on demand.