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No description of principal activity
2023-07-01
Sage Accounts Production Advanced 2023 - FRS102_2023
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xbrli:shares
iso4217:GBP
04322878
2023-07-01
2024-06-30
04322878
2024-06-30
04322878
2023-06-30
04322878
2022-07-01
2023-06-30
04322878
2023-06-30
04322878
2022-06-30
04322878
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2024-06-30
04322878
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2024-06-30
04322878
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2024-06-30
04322878
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2024-06-30
04322878
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2024-06-30
04322878
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04322878
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2023-06-30
04322878
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2024-06-30
04322878
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2023-06-30
04322878
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2024-06-30
04322878
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2023-06-30
04322878
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core:Non-currentFinancialInstruments
2024-06-30
04322878
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2024-06-30
04322878
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2023-06-30
04322878
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2023-06-30
04322878
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2024-06-30
04322878
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04322878
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2023-06-30
04322878
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2023-06-30
04322878
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2024-06-30
04322878
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2024-06-30
04322878
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2024-06-30
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2024-06-30
04322878
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2023-07-01
2024-06-30
COMPANY REGISTRATION NUMBER:
04322878
Tivoli Developments Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
Tivoli Developments Limited |
|
Abridged Financial Statements |
|
Year ended 30 June 2024
Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
1 |
|
|
Abridged statement of financial position |
2 |
|
|
Notes to the abridged financial statements |
4 |
|
|
Tivoli Developments Limited |
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Tivoli Developments Limited |
|
Year ended 30 June 2024
As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 30 June 2024, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED
Chartered Accountants
Midway House
Staverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ
10 March 2025
Tivoli Developments Limited |
|
Abridged Statement of Financial Position |
|
30 June 2024
Fixed assets
Current assets
Debtors |
54,519 |
54,765 |
Cash at bank and in hand |
342 |
153 |
|
-------- |
-------- |
|
54,861 |
54,918 |
|
|
|
Creditors: amounts falling due within one year |
230,594 |
228,655 |
|
--------- |
--------- |
Net current liabilities |
175,733 |
173,737 |
|
--------- |
--------- |
Total assets less current liabilities |
(
175,632) |
(
173,636) |
|
--------- |
--------- |
Net liabilities |
(
175,632) |
(
173,636) |
|
--------- |
--------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
(
175,732) |
(
173,736) |
|
--------- |
--------- |
Shareholders deficit |
(
175,632) |
(
173,636) |
|
--------- |
--------- |
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Tivoli Developments Limited |
|
Abridged Statement of Financial Position (continued) |
|
30 June 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
10 March 2025
, and are signed on behalf of the board by:
Company registration number:
04322878
Tivoli Developments Limited |
|
Notes to the Abridged Financial Statements |
|
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is GL50 2TH.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
25% straight line |
|
Fixtures and fittings |
- |
25% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Tangible assets
|
£ |
Cost |
|
At 1 July 2023 and 30 June 2024 |
5,645 |
|
------- |
Depreciation |
|
At 1 July 2023 and 30 June 2024 |
5,645 |
|
------- |
Carrying amount |
|
At 30 June 2024 |
– |
|
------- |
At 30 June 2023 |
– |
|
------- |
|
|
5.
Investments
|
£ |
Cost |
|
At 1 July 2023 and 30 June 2024 |
101 |
|
---- |
Impairment |
|
At 1 July 2023 and 30 June 2024 |
– |
|
---- |
Carrying amount |
|
At 30 June 2024 |
101 |
|
---- |
At 30 June 2023 |
101 |
|
---- |
|
|
6.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2024 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr S Spencer |
(
227,655) |
(
1,939) |
(
229,594) |
|
|
--------- |
------- |
--------- |
|
|
|
|
|
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr S Spencer |
(
226,938) |
(
717) |
(
227,655) |
|
|
--------- |
---- |
--------- |
|
|
|
|
|