IRIS Accounts Production v24.3.2.46 10151817 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101518172023-03-31101518172024-03-31101518172023-04-012024-03-31101518172022-03-31101518172022-04-012023-03-31101518172023-03-3110151817ns15:EnglandWales2023-04-012024-03-3110151817ns14:PoundSterling2023-04-012024-03-3110151817ns10:Director12023-04-012024-03-3110151817ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110151817ns10:SmallEntities2023-04-012024-03-3110151817ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110151817ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110151817ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110151817ns10:FullAccounts2023-04-012024-03-311015181712023-04-012024-03-3110151817ns10:Director22023-04-012024-03-3110151817ns10:RegisteredOffice2023-04-012024-03-3110151817ns5:CurrentFinancialInstruments2024-03-3110151817ns5:CurrentFinancialInstruments2023-03-3110151817ns5:ShareCapital2024-03-3110151817ns5:ShareCapital2023-03-3110151817ns5:RevaluationReserve2024-03-3110151817ns5:RevaluationReserve2023-03-3110151817ns5:RetainedEarningsAccumulatedLosses2024-03-3110151817ns5:RetainedEarningsAccumulatedLosses2023-03-3110151817ns5:NetGoodwill2023-04-012024-03-3110151817ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110151817ns5:PlantMachinery2023-04-012024-03-3110151817ns5:NetGoodwill2023-03-3110151817ns5:NetGoodwill2024-03-3110151817ns5:NetGoodwill2023-03-3110151817ns5:PlantMachinery2023-03-3110151817ns5:PlantMachinery2024-03-3110151817ns5:PlantMachinery2023-03-3110151817ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110151817ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3110151817ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 10151817 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

TYA (London) Limited

TYA (London) Limited (Registered number: 10151817)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TYA (London) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: C Abi-Gerges
Mrs S Abi-Gerges





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: 10151817 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

TYA (London) Limited (Registered number: 10151817)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 28,744 30,584
Tangible assets 4 65,581 56,052
Investments 5 47,500 42,500
Investment property 6 810,940 775,000
952,765 904,136

CURRENT ASSETS
Debtors 7 480,398 406,438
Investments 8 1,864,417 877,576
Cash at bank 438,636 915,506
2,783,451 2,199,520
CREDITORS
Amounts falling due within one year 9 (277,898 ) (238,485 )
NET CURRENT ASSETS 2,505,553 1,961,035
TOTAL ASSETS LESS CURRENT LIABILITIES 3,458,318 2,865,171

PROVISIONS FOR LIABILITIES (21,850 ) (21,850 )
NET ASSETS 3,436,468 2,843,321

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 93,150 93,150
Retained earnings 3,343,218 2,750,071
3,436,468 2,843,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

TYA (London) Limited (Registered number: 10151817)

Balance Sheet - continued
31st 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 by the Board of Directors and authorised for issue on 31st January 2025 and were signed on its behalf by:





C Abi-Gerges - Director


TYA (London) Limited (Registered number: 10151817)

Notes to the Financial Statements
for the Year Ended 31st March 2024

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 machinery etc - 20% on cost

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TYA (London) Limited (Registered number: 10151817)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 36,257
AMORTISATION
At 1st April 2023 5,673
Charge for year 1,840
At 31st March 2024 7,513
NET BOOK VALUE
At 31st March 2024 28,744
At 31st March 2023 30,584

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 144,580
Additions 41,384
At 31st March 2024 185,964
DEPRECIATION
At 1st April 2023 88,528
Charge for year 31,855
At 31st March 2024 120,383
NET BOOK VALUE
At 31st March 2024 65,581
At 31st March 2023 56,052

TYA (London) Limited (Registered number: 10151817)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments 40,000 42,500
Additions 7,500 -
47,500 42,500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 775,000
Additions 35,940
At 31st March 2024 810,940
NET BOOK VALUE
At 31st March 2024 810,940
At 31st March 2023 775,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2021 3,353
Valuation in 2022 115,000
Cost 692,587
810,940

The Directors see no real benefit in revaluing the properties.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 842
Amounts owed by group undertakings 208,417 141,242
Other debtors 264,200 263,000
Tax 4,345 -
Prepayments and accrued income 3,436 1,354
480,398 406,438

TYA (London) Limited (Registered number: 10151817)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 1,864,417 877,576

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,544 23,008
Tax 174,319 145,655
Social security and other taxes 16,779 9,109
Pension liability 2,545 770
VAT 68,418 59,008
Directors' current accounts 152 3
Accrued expenses 5,141 932
277,898 238,485

10. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 93,150