Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Ms. S. Fresne 02/01/2013 Mr. R. Touchent 02/01/2013 03 February 2025 The principal activity of the Company during the financial year was a coffee shop and take away food outlet. 08344736 2024-12-31 08344736 bus:Director1 2024-12-31 08344736 bus:Director2 2024-12-31 08344736 2023-12-31 08344736 core:CurrentFinancialInstruments 2024-12-31 08344736 core:CurrentFinancialInstruments 2023-12-31 08344736 core:Non-currentFinancialInstruments 2024-12-31 08344736 core:Non-currentFinancialInstruments 2023-12-31 08344736 core:ShareCapital 2024-12-31 08344736 core:ShareCapital 2023-12-31 08344736 core:RetainedEarningsAccumulatedLosses 2024-12-31 08344736 core:RetainedEarningsAccumulatedLosses 2023-12-31 08344736 core:FurnitureFittings 2023-12-31 08344736 core:FurnitureFittings 2024-12-31 08344736 bus:OrdinaryShareClass1 2024-12-31 08344736 bus:OrdinaryShareClass2 2024-12-31 08344736 bus:OrdinaryShareClass3 2024-12-31 08344736 2024-01-01 2024-12-31 08344736 bus:FilletedAccounts 2024-01-01 2024-12-31 08344736 bus:SmallEntities 2024-01-01 2024-12-31 08344736 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08344736 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08344736 bus:Director1 2024-01-01 2024-12-31 08344736 bus:Director2 2024-01-01 2024-12-31 08344736 core:FurnitureFittings 2024-01-01 2024-12-31 08344736 2023-01-01 2023-12-31 08344736 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08344736 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 08344736 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 08344736 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 08344736 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 08344736 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08344736 (England and Wales)

TISHKA LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TISHKA LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TISHKA LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
TISHKA LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Ms. S. Fresne
Mr. R. Touchent
REGISTERED OFFICE 54 Thornton Close
Girton
Cambridge
CB3 0NG
United Kingdom
BUSINESS ADDRESS 70 Chesterton Road
Cambridge
CB4 1EP
COMPANY NUMBER 08344736 (England and Wales)
ACCOUNTANT Corbett Accountants Limited
Bakersfield
82 Station Road
Soham
Ely
Cambridgeshire
CB7 5DZ
TISHKA LIMITED

BALANCE SHEET

As at 31 December 2024
TISHKA LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,006 1,258
1,006 1,258
Current assets
Stocks 950 980
Debtors 4 451 451
Cash at bank and in hand 44,209 71,701
45,610 73,132
Creditors: amounts falling due within one year 5 ( 18,844) ( 40,837)
Net current assets 26,766 32,295
Total assets less current liabilities 27,772 33,553
Creditors: amounts falling due after more than one year 6 ( 2,333) ( 6,553)
Provision for liabilities 7 ( 156) ( 197)
Net assets 25,283 26,803
Capital and reserves
Called-up share capital 8 200 200
Profit and loss account 25,083 26,603
Total shareholders' funds 25,283 26,803

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Tishka Limited (registered number: 08344736) were approved and authorised for issue by the Board of Directors on 03 February 2025. They were signed on its behalf by:

Mr. R. Touchent
Director
TISHKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TISHKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tishka Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 54 Thornton Close, Girton, Cambridge, CB3 0NG, United Kingdom. The principal place of business is 70 Chesterton Road, Cambridge, CB4 1EP.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 3

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 January 2024 7,225 7,225
At 31 December 2024 7,225 7,225
Accumulated depreciation
At 01 January 2024 5,967 5,967
Charge for the financial year 252 252
At 31 December 2024 6,219 6,219
Net book value
At 31 December 2024 1,006 1,006
At 31 December 2023 1,258 1,258

4. Debtors

2024 2023
£ £
Other debtors 451 451

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,000 3,780
Amounts owed to directors 164 21,730
Corporation tax 9,292 10,932
Other taxation and social security 2,943 2,125
Other creditors 2,445 2,270
18,844 40,837

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 2,333 6,553

7. Provision for liabilities

2024 2023
£ £
Deferred tax 156 197

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
90 Ordinary A shares of £ 1.00 each (2023: 100 shares of £ 1.00 each) 90 100
90 Ordinary B shares of £ 1.00 each (2023: 100 shares of £ 1.00 each) 90 100
20 Ordinary C shares of £ 1.00 each (2023: nil shares) 20 0
200 200

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
During the year dividends were paid to shares held by the company directors. 32,000 30,000
The directors charged the company for use of office during the accounting year. 1,800 1,500
Mr. Touchent owns the property from which the company trades. No rent charge has been made. 0 0
Included in creditors is a directors' loan. This loan is interest free and there are no repayment terms. 164 21,730