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REGISTERED NUMBER: 04472369 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TIDIESSE - ENGINEERING & SANITARYWARE
LTD

TIDIESSE - ENGINEERING & SANITARYWARE
LTD (REGISTERED NUMBER: 04472369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TIDIESSE - ENGINEERING & SANITARYWARE
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







Directors: Mr D Pico De La Fuente
Mr G Compagnoni
Ms O Volonterio Croce





Secretary: Vistra Cosec Limited





Registered office: First Floor Templeback
10 Temple Back
Bristol
BS1 6FL





Registered number: 04472369 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

TIDIESSE - ENGINEERING & SANITARYWARE
LTD (REGISTERED NUMBER: 04472369)

BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
as restated
Notes £    £   
CURRENT ASSETS
Debtors 4 837 462
Cash at bank 1,164,558 1,009,331
1,165,395 1,009,793
CREDITORS
Amounts falling due within one year 5 (1,723,509 ) (1,526,931 )
NET CURRENT LIABILITIES (558,114 ) (517,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(558,114

)

(517,138

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (559,114 ) (518,138 )
SHAREHOLDERS' FUNDS (558,114 ) (517,138 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 7 November 2024 and were signed on its behalf by:





Mr G Compagnoni - Director


TIDIESSE - ENGINEERING & SANITARYWARE
LTD (REGISTERED NUMBER: 04472369)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Tidiesse - Engineering & Sanitaryware 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.

The company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured based on the agency agreement in place.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern basis
The financial statements have been prepared on a going concern basis as the parent undertaking, Eubilene Ltd, has indicated that it will continue to support the company financially for at least twelve months from the date of these accounts. The directors have assessed the ability of the parent to provide this support and have no concerns with the ability of the parent company to provide this support for a period of no less than 12 months from date of signing of these financial statements.

3. EMPLOYEES AND DIRECTORS

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

TIDIESSE - ENGINEERING & SANITARYWARE
LTD (REGISTERED NUMBER: 04472369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
as restated
£    £   
Other debtors 837 462

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
as restated
£    £   
Trade creditors 1,291 -
Other creditors 1,722,218 1,526,931
1,723,509 1,526,931

6. ULTIMATE CONTROLLING PARTY

The immediate parent company is Eubilene Ltd, a company incorporated in the British Virgin Islands. Their registered office is Geneva Place, 2nd Floor, 333 Waterfront Drive, Road Town, Tortola, British Virgin Islands.