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REGISTERED NUMBER: 11254466 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Tyne 1852 Limited

Tyne 1852 Limited (Registered number: 11254466)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tyne 1852 Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr J S Thompson
Mr D Smark





REGISTERED OFFICE: C/o Tyne Amateur Rowing Club
Water Row
Newburn
Newcastle Upon Tyne
NE15 8NL





REGISTERED NUMBER: 11254466 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Tyne 1852 Limited (Registered number: 11254466)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 13,945 11,776

CURRENT ASSETS
Stocks 7,500 5,616
Debtors 6 27,052 -
Cash at bank and in hand 47,112 80,038
81,664 85,654
CREDITORS
Amounts falling due within one year 7 (50,923 ) (64,000 )
NET CURRENT ASSETS 30,741 21,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,686

33,430

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 44,586 33,330
44,686 33,430

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





Mr J S Thompson - Director


Tyne 1852 Limited (Registered number: 11254466)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Tyne 1852 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 (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have considered the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient for the company to be able to continue as a going concern.

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.

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 - 25% Straight line and 10% Straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 11 ) .

Tyne 1852 Limited (Registered number: 11254466)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 14,771
Additions 4,443
At 31 August 2024 19,214
DEPRECIATION
At 1 September 2023 2,995
Charge for year 2,274
At 31 August 2024 5,269
NET BOOK VALUE
At 31 August 2024 13,945
At 31 August 2023 11,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 27,052 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,842 9,872
Amounts owed to group undertakings - 21,291
Taxation and social security 13,971 11,330
Other creditors 28,110 21,507
50,923 64,000

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Tyne Amateur Rowing Club, a Charitable Incorporated Organisation.