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REGISTERED NUMBER: 13474161 (England and Wales)












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: A Jahangir





REGISTERED OFFICE: 3 Mulberry Court
59c London Road
Bagshot
Surrey
GU19 5DT





REGISTERED NUMBER: 13474161 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
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 1,926,385 975,139
Investments 5 10,000 10,000
Investment property 6 703,205 -
2,639,590 985,139

CURRENT ASSETS
Debtors 7 264,194 100
Cash at bank 412 412
264,606 512
CREDITORS
Amounts falling due within one year 8 (4,088 ) (1,001,035 )
NET CURRENT ASSETS/(LIABILITIES) 260,518 (1,000,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,900,108

(15,384

)

PROVISIONS FOR LIABILITIES (231,346 ) -
NET ASSETS/(LIABILITIES) 2,668,762 (15,384 )

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 9,900 9,900
Fair value reserve 9 694,039 (25,861 )
Retained earnings 1,964,623 377
SHAREHOLDERS' FUNDS 2,668,762 (15,384 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 26 March 2025 and were signed by:





A Jahangir - Director


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
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 July 2023 975,139
Revaluations 951,246
At 30 June 2024 1,926,385
NET BOOK VALUE
At 30 June 2024 1,926,385
At 30 June 2023 975,139

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 10,000
NET BOOK VALUE
At 30 June 2024 10,000
At 30 June 2023 10,000

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 1,343,205
Disposals (640,000 )
At 30 June 2024 703,205
NET BOOK VALUE
At 30 June 2024 703,205

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 264,194 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 1,053 -
Amounts owed to group undertakings - 1,001,000
Other creditors 3,035 35
4,088 1,001,035

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023 (25,861 )
Transfer of non distributable reserves 719,900

At 30 June 2024 694,039