REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
TAMAZARA HOLDINGS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
TAMAZARA HOLDINGS LTD |
TAMAZARA HOLDINGS LTD (REGISTERED NUMBER: 13474161) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
TAMAZARA HOLDINGS LTD |
COMPANY INFORMATION |
for the year ended 30 June 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Unit 2 Charnwood Edge Business Park |
Syston Road, Leicester |
LE7 4UZ |
Magma Audit LLP is part |
Of the Dains Group |
TAMAZARA HOLDINGS LTD (REGISTERED NUMBER: 13474161) |
BALANCE SHEET |
30 June 2024 |
2024 | 2023 |
as restated |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Fair value reserve | 9 | ( |
) |
Retained earnings |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
TAMAZARA HOLDINGS LTD (REGISTERED NUMBER: 13474161) |
BALANCE SHEET - continued |
30 June 2024 |
The financial statements were approved by the director and authorised for issue on |
TAMAZARA HOLDINGS LTD (REGISTERED NUMBER: 13474161) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 June 2024 |
1. | STATUTORY INFORMATION |
Tamazara Holdings Ltd is a limited company, limited by shares, registered in England and Wales. Its registered office address is 3 Mulberry Court, 59c London Road, Bagshot, Surrey, GU19 5DT, and the registered number is 13474161. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1. |
Intangible assets |
Other intangible assets held by the company are revalued at the open market value as at the year end date. The assets are being held for capital appreciation, they were initially measured at cost with gains and losses arising from changes in fair value included in the profit and loss account in the period in which they arose. |
Investments in associates |
Investment in the subsidiary company is held at cost less accumulated impairment losses. |
Investment property |
The company's investment property is held to earn rentals and for capital appreciation. The property has been initially measured at cost with gains and losses arising from changed in the fair value included in the profit and loss in the period in which they arose. |
Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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. |
Such assets are subsequently carried at amortised cost using the effective interest rate method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors 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. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate. |
Taxation |
The tax expense for the year comprises current and deferred tax. |
Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. |
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
TAMAZARA HOLDINGS LTD (REGISTERED NUMBER: 13474161) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST OR VALUATION |
At 1 July 2023 |
Revaluations |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
In 2022 the company purchased 35.6 Bitcoin (BTC) at a cost of £860,860 and 79.56 Ethereum (ETH) at a cost of £140,140, which have been included in intangible assets. |
At the year end, the 35.6 Bitcoin (BTC) were valued on the open market at £1,713,569 (2023 - £854,030) and the 79.56 Ethereum (ETH) were valued on the open market at £212,816 (2023 - 121,109). The intangible assets have been shown at their open market value at the year end of £1,926,385 (2023 - £975,139). |
Cost or valuation at 30 June 2024 is represented by: |
Other |
intangible |
assets |
£ |
Valuation in 2022 | (362,926 | ) |
Valuation in 2023 | 337,065 |
Valuation in 2024 | 951,246 |
Cost | 1,001,000 |
1,926,385 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
TAMAZARA HOLDINGS LTD (REGISTERED NUMBER: 13474161) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
Disposals | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
The fair value of the investment property was reviewed by the director as at 30 June 2024. Considering the property was only purchased in June 2024, the director has determined the fair value to have not materially changed from the initial purchase price. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
9. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 July 2023 | ( |
) |
Transfer of non distributable reserves | 719,900 |
At 30 June 2024 |