Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2022 1 October 2021 false 1 October 2022 29 September 2023 29 September 2023 11303746 Ismail Israr Ahmad Ismail Ahmad Mr Ismail Ahmad true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11303746 2022-09-30 11303746 2023-09-29 11303746 2022-10-01 2023-09-29 11303746 frs-core:Non-currentFinancialInstruments 2023-09-29 11303746 frs-core:FurnitureFittings 2022-10-01 2023-09-29 11303746 frs-core:ShareCapital 2023-09-29 11303746 frs-core:RetainedEarningsAccumulatedLosses 2023-09-29 11303746 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-29 11303746 frs-bus:AbridgedAccounts 2022-10-01 2023-09-29 11303746 frs-bus:SmallEntities 2022-10-01 2023-09-29 11303746 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-29 11303746 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-29 11303746 1 2022-10-01 2023-09-29 11303746 frs-core:CostValuation 2022-09-30 11303746 frs-core:DisposalsRepaymentsInvestments 2023-09-29 11303746 frs-core:CostValuation 2023-09-29 11303746 frs-bus:Director1 2022-10-01 2023-09-29 11303746 frs-bus:CompanySecretary1 2022-10-01 2023-09-29 11303746 frs-countries:EnglandWales 2022-10-01 2023-09-29 11303746 2021-09-30 11303746 2022-09-30 11303746 2021-10-01 2022-09-30 11303746 frs-core:Non-currentFinancialInstruments 2022-09-30 11303746 frs-core:ShareCapital 2022-09-30 11303746 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 11303746
TTIA LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 September 2023
Wizz Accounting Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11303746
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,532 -
Investment Properties 5 4,880,418 1,690,194
Investments 6 357,443 368,300
5,243,393 2,058,494
CURRENT ASSETS
Debtors 7 944,699 475,710
Cash at bank and in hand 786,301 1,435,090
1,731,000 1,910,800
Creditors: Amounts Falling Due Within One Year (24,010 ) (669,008 )
NET CURRENT ASSETS (LIABILITIES) 1,706,990 1,241,792
TOTAL ASSETS LESS CURRENT LIABILITIES 6,950,383 3,300,286
Creditors: Amounts Falling Due After More Than One Year (7,552,475 ) (3,670,183 )
NET LIABILITIES (602,092 ) (369,897 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (602,192 ) (369,997 )
SHAREHOLDERS' FUNDS (602,092) (369,897)
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Page 2
For the year ending 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 September 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ismail Israr Ahmad
Director
4 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
TTIA LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11303746 . The registered office is 340 Green Lane, Birmingham, B9 5DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 4 years
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Total
£
Cost
As at 1 October 2022 -
Additions 7,376
As at 29 September 2023 7,376
Depreciation
As at 1 October 2022 -
Provided during the period 1,844
As at 29 September 2023 1,844
Net Book Value
As at 29 September 2023 5,532
As at 1 October 2022 -
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5. Investment Property
2023
£
Fair Value
As at 1 October 2022 1,690,194
Additions 3,190,224
As at 29 September 2023 4,880,418
6. Investments
Total
£
Cost
As at 1 October 2022 368,300
Disposals (10,857 )
As at 29 September 2023 357,443
Provision
As at 1 October 2022 -
As at 29 September 2023 -
Net Book Value
As at 29 September 2023 357,443
As at 1 October 2022 368,300
7. Debtors
2023 2022
£ £
Due after more than one year
Other debtors 100,000 100,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
Payments made during the year amounting to £10,500 were paid to the subsidiary of Metropolitan Holdings (Birmingham) Limited.  This increased the outstanding debtor balance to £175,630.
Payments were also received from Times Travel (UK) Ltd (company number: 05802156) for £4,953 in which Mr Ismail Ahmad is a company director.  This increased the outstanding creditor balance to £497,395.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Ismail Ahmad by virtue of his ownership of 100% of the issued share capital in the company.
TTIA Limited owns 50% of Metropolitan Holdings (Birmingham) Limited (company number: 11307132) in which Mr Ismail Ahmad is also a company director.
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