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COMPANY REGISTRATION NUMBER: 01164611
Tides Reach Ltd
Filleted Unaudited Financial Statements
30 June 2024
Tides Reach Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
547,248
712,286
Current assets
Debtors
5
772
25,800
Cash at bank and in hand
446,964
32,055
---------
--------
447,736
57,855
Creditors: amounts falling due within one year
6
52,928
102,936
---------
---------
Net current assets/(liabilities)
394,808
( 45,081)
---------
---------
Total assets less current liabilities
942,056
667,205
Creditors: amounts falling due after more than one year
7
128,742
---------
---------
Net assets
942,056
538,463
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
941,956
538,363
---------
---------
Shareholders funds
942,056
538,463
---------
---------
These 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 income statement 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 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 financial statements .
Tides Reach Ltd
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 2 October 2024 , and are signed on behalf of the board by:
Mr M J Tallamy
Director
Company registration number: 01164611
Tides Reach Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Main Avenue, Northwood, Middlesex, HA6 2HL, UK.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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:
Freehold Properties
-
1% straight line
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Equipment
-
33% reducing balance
3. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 11 ).
4. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 July 2023
757,615
224,376
42,843
21,819
1,046,653
Disposals
( 147,783)
( 42,843)
( 190,626)
---------
---------
--------
--------
------------
At 30 June 2024
609,832
224,376
21,819
856,027
---------
---------
--------
--------
------------
Depreciation
At 1 July 2023
67,968
220,056
34,959
11,384
334,367
Charge for the year
6,325
1,080
3,443
10,848
Disposals
( 1,477)
( 34,959)
( 36,436)
---------
---------
--------
--------
------------
At 30 June 2024
72,816
221,136
14,827
308,779
---------
---------
--------
--------
------------
Carrying amount
At 30 June 2024
537,016
3,240
6,992
547,248
---------
---------
--------
--------
------------
At 30 June 2023
689,647
4,320
7,884
10,435
712,286
---------
---------
--------
--------
------------
5. Debtors
2024
2023
£
£
Other debtors
772
25,800
----
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
22,237
Corporation tax
12,252
5,263
Social security and other taxes
17,765
23,119
Other creditors
22,911
52,317
--------
---------
52,928
102,936
--------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
128,742
----
---------
8. Related party transactions
The company was under the control of Mr M J Tallamy throughout the current and previous year. Mr M J Tallamy is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.