Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-011The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity1truetruefalse 09783841 2023-07-01 2024-06-30 09783841 2022-04-01 2023-06-30 09783841 2024-06-30 09783841 2023-06-30 09783841 c:Director1 2023-07-01 2024-06-30 09783841 d:PlantMachinery 2023-07-01 2024-06-30 09783841 d:PlantMachinery 2024-06-30 09783841 d:PlantMachinery 2023-06-30 09783841 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09783841 d:FurnitureFittings 2023-07-01 2024-06-30 09783841 d:FurnitureFittings 2024-06-30 09783841 d:FurnitureFittings 2023-06-30 09783841 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09783841 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09783841 d:FreeholdInvestmentProperty 2024-06-30 09783841 d:FreeholdInvestmentProperty 2023-06-30 09783841 d:CurrentFinancialInstruments 2024-06-30 09783841 d:CurrentFinancialInstruments 2023-06-30 09783841 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09783841 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09783841 d:ShareCapital 2024-06-30 09783841 d:ShareCapital 2023-06-30 09783841 d:InvestmentPropertiesRevaluationReserve 2023-07-01 2024-06-30 09783841 d:InvestmentPropertiesRevaluationReserve 2024-06-30 09783841 d:InvestmentPropertiesRevaluationReserve 2023-06-30 09783841 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 09783841 d:RetainedEarningsAccumulatedLosses 2024-06-30 09783841 d:RetainedEarningsAccumulatedLosses 2023-06-30 09783841 c:FRS102 2023-07-01 2024-06-30 09783841 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09783841 c:FullAccounts 2023-07-01 2024-06-30 09783841 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09783841 2 2023-07-01 2024-06-30 09783841 4 2023-07-01 2024-06-30 09783841 6 2023-07-01 2024-06-30 09783841 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 09783841 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 09783841 d:OtherDeferredTax 2024-06-30 09783841 d:OtherDeferredTax 2023-06-30 09783841 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09783841









TIIEN GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
TIIEN GROUP LIMITED
REGISTERED NUMBER: 09783841

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
84,782
105,976

Investments
 5 
1,000
1,001

Investment property
 6 
650,000
650,000

  
735,782
756,977

Current assets
  

Debtors: amounts falling due within one year
 7 
242,614
207,360

Cash at bank and in hand
 8 
107,880
95,609

  
350,494
302,969

Creditors: amounts falling due within one year
 9 
(69,517)
(35,602)

Net current assets
  
 
 
280,977
 
 
267,367

Total assets less current liabilities
  
1,016,759
1,024,344

Provisions for liabilities
  

Deferred tax
 10 
(54,276)
(70,918)

  
 
 
(54,276)
 
 
(70,918)

Net assets
  
962,483
953,426


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Investment property reserve
 11 
143,351
132,324

Profit and loss account
 11 
818,132
820,102

  
962,483
953,426


Page 1

 
TIIEN GROUP LIMITED
REGISTERED NUMBER: 09783841
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 March 2025.




................................................
S. M. Hossain-Zadeh
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

The legal form of the entity is a private company limited by share capital registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, Middlesex, HA1 2BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Current and deferred taxation

The tax expense for the Period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the Period was 1 (2023 - 1).

Page 6

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
54,505
326,564
381,069



At 30 June 2024

54,505
326,564
381,069



Depreciation


At 1 July 2023
41,788
233,304
275,092


Charge for the Period on owned assets
2,543
18,652
21,195



At 30 June 2024

44,331
251,956
296,287



Net book value



At 30 June 2024
10,174
74,608
84,782



At 30 June 2023
12,716
93,260
105,976


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
1,001


Disposals
(1)



At 30 June 2024
1,000




Page 7

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
650,000



At 30 June 2024
650,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 July 2023
132,324
142,910

Net surplus/(deficit) in movement properties
11,027
11,027

At 30 June 2024
143,351
153,937



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
473,568
473,568

473,568
473,568

If the investment properties were accounted for under the historic cost accounting basis then the directors would not depreciate the properties on the basis that the properties have long useful life, high residual value and the amount of depreciation would be imaterial.

Page 8

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Other debtors
241,639
207,360

Prepayments and accrued income
975
-

242,614
207,360



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
107,880
95,609

107,880
95,609



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
52,610
33,860

Corporation tax
13,536
-

Other creditors
1,531
-

Accruals and deferred income
1,840
1,742

69,517
35,602


Page 9

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

10.


Deferred taxation




2024


£






At beginning of year
(70,918)


Charged to profit or loss
5,615


Charged to other comprehensive income
11,027



At end of year
(54,276)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(21,195)
(26,809)

Revaluation of fixed assets investments
(33,081)
(44,109)

(54,276)
(70,918)


11.


Reserves

Investment property revaluation reserve

Represents unrealised surplus/defecit on valuation of fixed assets investments net of attributable deferred tax charged to income statement and or other comprehensive income..

Profit and loss account

Profit and loss reserves represents the company’s profits available for distribution in accordance with section 830 of the Companies Act 2006 as its accumulated realised profits, so far as not previously utilised by distribution or capitalisation less its accumulated realised losses, so far as not previously written off in a reduction or capitalisation.

Page 10

 
TIIEN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

12.


Transactions with directors

The company granted drawdown facilities to the directors for a maximum of £200,000 each at any one point in time.  The principal terms of the draw down facilities are that they are repayable on demand and the company will charge interests at the end of each financial year on the average overdrawn balances subject to individual balances exceeding £10,000 at any time during the reporting period by applying HM Revenue & Customs official rate of interest on beneficial loans in force during the accounting period.  The company reserves the rights to apply any salaries, bonuses, dividends, expenses or any such amounts of whatever nature due to the directors by the company as repayment of the outstanding balances on their current account.  The amounts outstanding to the company as at the balance sheet date is Nil (2023 – £27,124) and is included as other debtors amounts falling due within one year.
During the year, the company charged interests of £385 (2023 - £1,476) to the directors in respect of their overdrawn current account.
The directors made interest free loan advances to the company that are repayable on demand.  The amounts outstanding as at the balance sheet date is £1,531 (2023 - Nil) and is included in creditors amounts falling due within one year.

 
Page 11