Company Registration No. 14121778 (England and Wales)
Tourbillon Investment Management Ltd
Unaudited accounts
for the year ended 31 May 2024
Tourbillon Investment Management Ltd
Unaudited accounts
Contents
Tourbillon Investment Management Ltd
Company Information
for the year ended 31 May 2024
Directors
B Beneche
R Narayanaswamy
S Todd
G Bumbra
Company Number
14121778 (England and Wales)
Registered Office
4th Floor
16 Kingly Street
London
W1B 5PT
England
Accountants
Brambillow Accounting Ltd
Brookhouse
Cranoe Road
Welham
Leicestershire
LE16 7UH
Tourbillon Investment Management Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
4,614
3,373
Cash at bank and in hand
255,025
144,575
Creditors: amounts falling due within one year
(184,946)
(106,372)
Net current assets
114,620
83,245
Called up share capital
182
182
Share premium
154,930
154,930
Profit and loss account
(35,878)
(68,494)
Shareholders' funds
119,234
86,618
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
B Beneche
Director
Company Registration No. 14121778
Tourbillon Investment Management Ltd
Notes to the Accounts
for the year ended 31 May 2024
Tourbillon Investment Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 14121778. The registered office is 4th Floor, 16 Kingly Street, London, W1B 5PT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
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 accounts. 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.
Comparative Financial Data
The Company was incorporated on 20 May 2022. Consequently, comparative financial data for the period ended 31 May 2023 covers the period from 20 May 2022 to 31 May 2023.
Tourbillon Investment Management Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
2,652
1,564
4,216
At 31 May 2024
2,652
4,169
6,821
At 1 June 2023
530
313
843
Charge for the year
530
834
1,364
At 31 May 2024
1,060
1,147
2,207
At 31 May 2024
1,592
3,022
4,614
At 31 May 2023
2,122
1,251
3,373
Amounts falling due within one year
Deferred tax asset
6,301
15,479
Accrued income and prepayments
-
10,080
Other debtors
19,482
19,483
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
184,196
105,622
7
Operating lease commitments
2024
2023
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
32,468
38,961
Later than one year and not later than five years
91,993
32,468
8
Transactions with related parties
At 31 May 2024, a total amount of £184,196 was payable to the Directors from the Company (2023: £105,622). The following conditions are attached to all amounts payable: (1) interest is not charged on any amounts outstanding; (2) no fixed date has been set for the amounts to be repaid to the Directors.
Tourbillon Investment Management Ltd
Notes to the Accounts
for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 0).