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REGISTERED NUMBER: 05798512 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Tiki Properties Limited

Tiki Properties Limited (Registered number: 05798512)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Tiki Properties Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: ARC Champion
Mrs M P Champion





SECRETARY: Mrs M P Champion





REGISTERED OFFICE: Overleigh House
55 Overleigh
Street
Somerset
BA16 0TJ





REGISTERED NUMBER: 05798512 (England and Wales)





ACCOUNTANTS: PennyBooks Limited
Unit 111, The Light Bulb
1 Filament Walk
London
SW18 4GQ

Tiki Properties Limited (Registered number: 05798512)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 893,000 893,000
893,001 893,001

CURRENT ASSETS
Debtors 6 6,732 5,519
Cash at bank 2,155 1,236
8,887 6,755
CREDITORS
Amounts falling due within one year 124,954 109,405
NET CURRENT LIABILITIES (116,067 ) (102,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

776,934

790,351

CREDITORS
Amounts falling due after more than one
year

7

611,803

609,953
NET ASSETS 165,131 180,398

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 164,881 180,148
SHAREHOLDERS' FUNDS 165,131 180,398

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

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

Tiki Properties Limited (Registered number: 05798512)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 January 2025 and were signed on its behalf by:





ARC Champion - Director


Tiki Properties Limited (Registered number: 05798512)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Tiki Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rentals.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 33% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 24,481
DEPRECIATION
At 1 May 2023
and 30 April 2024 24,480
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

Tiki Properties Limited (Registered number: 05798512)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 893,000
NET BOOK VALUE
At 30 April 2024 893,000
At 30 April 2023 893,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2014 1,213,409
Valuation in 2015 40,000
Valuation in 2016 74,813
Valuation in 2018 (200,000 )
Valuation in 2019 (295,000 )
Valuation in 2023 59,778
893,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 893,000 792,916

The investment properties were valued on an open market basis basis on 30 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,479 -

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.4.24 30.4.23
£    £   
Repayable otherwise than by instalments
Mortgages 611,803 609,953

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Mortgages 611,803 609,953

The mortgages falling due after more than 1 year are secured on the freehold properties.

Tiki Properties Limited (Registered number: 05798512)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. RELATED PARTY DISCLOSURES

The company is under the ultimate control of Mr ARC Champion and Mrs MP Champion.



The investment properties were purchased for and on behalf of Tiki Properties Limited by the directors and shareholders by way of a bare trust relationship to the company, which is a beneficiary in accordance with S60 of the Taxes and Capital Gains Act 1992 to which tax guidance note CG34360 refers, such beneficial interest also having been registered at HM Land Registry.