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REGISTERED NUMBER: 01079979 (England and Wales)















Unaudited Financial Statements for the Year Ended 24 March 2024

for

Tisanna Limited

Tisanna Limited (Registered number: 01079979)

Contents of the Financial Statements
for the Year Ended 24 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tisanna Limited

Company Information
for the Year Ended 24 March 2024







DIRECTORS: J Monderer
E Monderer
C A Monderer





SECRETARY: E Monderer





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 01079979 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Tisanna Limited (Registered number: 01079979)

Balance Sheet
24 March 2024

24.3.24 24.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 836 984
Investment property 5 13,433,059 13,433,059
13,433,895 13,434,043

CURRENT ASSETS
Debtors 6 10,385,293 10,811,622
Cash at bank 535,904 157,673
10,921,197 10,969,295
CREDITORS
Amounts falling due within one year 7 8,172,332 8,549,649
NET CURRENT ASSETS 2,748,865 2,419,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,182,760

15,853,689

CREDITORS
Amounts falling due after more than one
year

8

(5,282,107

)

(5,358,284

)

PROVISIONS FOR LIABILITIES 10 (385,377 ) (385,377 )
NET ASSETS 10,515,276 10,110,028

CAPITAL AND RESERVES
Called up share capital 11 100 100
Non distributable reserves 12 4,639,678 4,639,678
Retained earnings 12 5,875,498 5,470,250
SHAREHOLDERS' FUNDS 10,515,276 10,110,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Tisanna Limited (Registered number: 01079979)

Balance Sheet - continued
24 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





J Monderer - Director


Tisanna Limited (Registered number: 01079979)

Notes to the Financial Statements
for the Year Ended 24 March 2024


1. STATUTORY INFORMATION

Tisanna Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents rents receivable.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Tisanna Limited (Registered number: 01079979)

Notes to the Financial Statements - continued
for the Year Ended 24 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST OR VALUATION
At 25 March 2023
and 24 March 2024 828 9,232 10,060
DEPRECIATION
At 25 March 2023 828 8,248 9,076
Charge for year - 148 148
At 24 March 2024 828 8,396 9,224
NET BOOK VALUE
At 24 March 2024 - 836 836
At 24 March 2023 - 984 984

Cost or valuation at 24 March 2024 is represented by:

Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost 828 9,232 10,060

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 25 March 2023
and 24 March 2024 13,433,059
NET BOOK VALUE
At 24 March 2024 13,433,059
At 24 March 2023 13,433,059

Fair value at 24 March 2024 is represented by:
£
Valuation in 1998 148,659
Valuation in 2017 4,876,396
Cost 8,408,004
13,433,059

Tisanna Limited (Registered number: 01079979)

Notes to the Financial Statements - continued
for the Year Ended 24 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 24.3.23
£ £
Amounts owed by joint ventures 1,075,546 975,000
Other debtors 9,309,747 9,836,622
10,385,293 10,811,622

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24.3.24 24.3.23
£ £
Bank loans and overdrafts 76,000 75,800
Taxation and social security 211,304 227,804
Other creditors 7,885,028 8,246,045
8,172,332 8,549,649

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
24.3.24 24.3.23
£ £
Bank loans 5,282,107 5,358,284

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 1,463,668 1,463,695

9. SECURED DEBTS

The following secured debts are included within creditors:

24.3.24 24.3.23
£ £
Bank loans 5,358,107 5,434,084

The business loan and bank overdraft are secured by a first mortgage over the company's property assets.

10. PROVISIONS FOR LIABILITIES
24.3.24 24.3.23
£ £
Deferred tax 385,377 385,377

Deferred tax
£
Balance at 25 March 2023 385,377
Balance at 24 March 2024 385,377

Tisanna Limited (Registered number: 01079979)

Notes to the Financial Statements - continued
for the Year Ended 24 March 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 24.3.24 24.3.23
value: £ £
100 Ordinary Shares £1 100 100

12. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 25 March 2023 5,470,250 4,639,678 10,109,928
Profit for the year 405,248 405,248
At 24 March 2024 5,875,498 4,639,678 10,515,176

13. RELATED PARTY DISCLOSURES

Chasehawk Limited a charitable company in which Mr J Monderer and Mr E Monderer are directors. The mortgage and loan are secured by way of a first charge over freehold properties owned by Tisanna Ltd.

Included in bank loans falling due after more than one year is a loan due to Chasehawk Limited for £675,000 (2023 - £675,000).

The above loan has interest charged at the rate of 6.50% per annum. The interest charged in the year was £43,875 (2023 - £43,875).

Tisanna Limited paid Gift Aid during the year to Chasehawk Limited amounting to £152,000 (2023 - £85,500).

Included in other creditors is a loan due to Chasehawk Limited amounting to £940,562 (2023 - £858,678).

The above loan has interest charged at the rate of 4.25% per annum. The interest charged in the year was £38,350 (2023 - £35,000).