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REGISTERED NUMBER: 01703989 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TIDSTEAD LIMITED

TIDSTEAD LIMITED (REGISTERED NUMBER: 01703989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TIDSTEAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L Steinhaus





REGISTERED OFFICE: 14 Beverley Gardens
London
NW11 9DG





REGISTERED NUMBER: 01703989 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

TIDSTEAD LIMITED (REGISTERED NUMBER: 01703989)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,097 19,290
Investment property 6 3,936,654 3,936,654
3,938,751 3,955,944

CURRENT ASSETS
Debtors 7 23,700 87,541
Cash at bank 33,015 183,087
56,715 270,628
CREDITORS
Amounts falling due within one year 8 (563,915 ) (802,083 )
NET CURRENT LIABILITIES (507,200 ) (531,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,431,551

3,424,489

CREDITORS
Amounts falling due after more than one
year

9

(487,647

)

(497,599

)

PROVISIONS FOR LIABILITIES (430,629 ) (430,629 )
NET ASSETS 2,513,275 2,496,261

CAPITAL AND RESERVES
Called up share capital 12 108 108
Fair value reserve 13 2,078,346 2,078,346
Retained earnings 13 434,821 417,807
SHAREHOLDERS' FUNDS 2,513,275 2,496,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TIDSTEAD LIMITED (REGISTERED NUMBER: 01703989)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 and authorised for issue by the director and authorised for issue on 21 January 2025 and were signed by:





L Steinhaus - Director


TIDSTEAD LIMITED (REGISTERED NUMBER: 01703989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Tidstead 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

TIDSTEAD LIMITED (REGISTERED NUMBER: 01703989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 86,865 663 13,329 100,857
DEPRECIATION
At 1 April 2023 67,575 663 13,329 81,567
Charge for year 17,193 - - 17,193
At 31 March 2024 84,768 663 13,329 98,760
NET BOOK VALUE
At 31 March 2024 2,097 - - 2,097
At 31 March 2023 19,290 - - 19,290

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,936,654
NET BOOK VALUE
At 31 March 2024 3,936,654
At 31 March 2023 3,936,654

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 63,841
Other debtors 23,700 23,700
23,700 87,541

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 5,722
Taxation and social security 7,668 4,642
Other creditors 556,247 791,719
563,915 802,083

TIDSTEAD LIMITED (REGISTERED NUMBER: 01703989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 465,225 465,225
Other creditors 22,422 32,374
487,647 497,599

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 465,225 465,225

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 22,422 32,374

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 465,225 465,225

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 465,225 465,225

Bank loan is secured by the way of first charge against the company's investment properties.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
108 Ordinary £1 108 108

TIDSTEAD LIMITED (REGISTERED NUMBER: 01703989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 417,807 2,078,346 2,496,153
Profit for the year 17,014 17,014
At 31 March 2024 434,821 2,078,346 2,513,167