Registered number
13554697
Tideways (Exmouth) Limited
Unaudited Filleted Accounts
31 August 2024
Tideways (Exmouth) Limited
Registered number: 13554697
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 500 750
Investments 4 235,000 230,180
235,500 230,930
Current assets
Debtors 5 192 57
Creditors: amounts falling due within one year 6 (206,784) (208,197)
Net current liabilities (206,592) (208,140)
Total assets less current liabilities 28,908 22,790
Provisions for liabilities - (143)
Net assets 28,908 22,647
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,808 22,547
Shareholders' funds 28,908 22,647
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jon Stone
Director
Approved by the board on 11 November 2024
Tideways (Exmouth) Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
The company has no turnover as its income comprises rental income which is shown in other operating income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 September 2023 1,000
At 31 August 2024 1,000
Depreciation
At 1 September 2023 250
Charge for the year 250
At 31 August 2024 500
Net book value
At 31 August 2024 500
At 31 August 2023 750
4 Investments
Other
investments
£
Cost/Fair value
At 1 September 2023 230,180
Additions 10,846
Revaluation (6,026)
At 31 August 2024 235,000
Historical cost
At 1 September 2023 227,913
At 31 August 2024 241,026
Investment properties are included at fair value. Gains or losses on valuation are recognised in the income statement. Deferred taxation is provided on these gains or losses at the rate expected to apply when the property is sold.
The company's investment properties were valued by the company's director, Mr J Stone, on the basis of their fair value for existing use.
The methods and significant assumptions used to ascertain the fair value of £235,000 for the period ended 31 August 2024 are as detailed above.



5 Debtors 2024 2023
£ £
Deferred tax asset 60 -
Other debtors 132 57
192 57
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,672 2,559
Other creditors 205,112 205,638
206,784 208,197
7 Other information
Tideways (Exmouth) Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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