IRIS Accounts Production v24.3.2.46 13794322 director 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137943222023-12-31137943222024-12-31137943222024-01-012024-12-31137943222022-12-31137943222023-01-012023-12-31137943222023-12-3113794322ns15:EnglandWales2024-01-012024-12-3113794322ns14:PoundSterling2024-01-012024-12-3113794322ns10:Director12024-01-012024-12-3113794322ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3113794322ns10:SmallEntities2024-01-012024-12-3113794322ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3113794322ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3113794322ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3113794322ns10:FullAccounts2024-01-012024-12-3113794322ns10:OrdinaryShareClass12024-01-012024-12-3113794322ns10:RegisteredOffice2024-01-012024-12-3113794322ns5:CurrentFinancialInstruments2024-12-3113794322ns5:CurrentFinancialInstruments2023-12-3113794322ns5:ShareCapital2024-12-3113794322ns5:ShareCapital2023-12-3113794322ns5:RetainedEarningsAccumulatedLosses2024-12-3113794322ns5:RetainedEarningsAccumulatedLosses2023-12-3113794322ns5:PlantMachinery2023-12-3113794322ns5:ComputerEquipment2023-12-3113794322ns5:PlantMachinery2024-01-012024-12-3113794322ns5:ComputerEquipment2024-01-012024-12-3113794322ns5:PlantMachinery2024-12-3113794322ns5:ComputerEquipment2024-12-3113794322ns5:PlantMachinery2023-12-3113794322ns5:ComputerEquipment2023-12-3113794322ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3113794322ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3113794322ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 13794322 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TGR GIFT LTD

TGR GIFT LTD (REGISTERED NUMBER: 13794322)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TGR GIFT LTD

COMPANY INFORMATION
for the Year Ended 31st December 2024







DIRECTOR: Mr M Kaya





REGISTERED OFFICE: 14 St. Marys Street
Manchester
M3 2LB





REGISTERED NUMBER: 13794322 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

TGR GIFT LTD (REGISTERED NUMBER: 13794322)

BALANCE SHEET
31st December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,670 2,465
Investment property 5 1,202,737 1,202,737
1,204,407 1,205,202

CURRENT ASSETS
Stocks - 5,000
Debtors 6 30,557 12,608
Cash at bank 42,600 62,999
73,157 80,607
CREDITORS
Amounts falling due within one year 7 (1,240,898 ) (1,258,730 )
NET CURRENT LIABILITIES (1,167,741 ) (1,178,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,666

27,079

PROVISIONS FOR LIABILITIES (418 ) (277 )
NET ASSETS 36,248 26,802

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 36,148 26,702
SHAREHOLDERS' FUNDS 36,248 26,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

TGR GIFT LTD (REGISTERED NUMBER: 13794322)

BALANCE SHEET - continued
31st December 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 4th April 2025 and were signed by:





Mr M Kaya - Director


TGR GIFT LTD (REGISTERED NUMBER: 13794322)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024


1. STATUTORY INFORMATION

TGR Gift Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 13794322. The address of the registered office and principal place of business is 14 St Marys Street, Manchester, England, M3 2LB.

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 amounts recognised by the company in respect to goods supplied, exclusive of Value Added Tax and trade discounts. Turnover principally consists of the sale of bespoke designed socks and rental of both residential and commercial premises.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any provisions for impairment. Tangible fixed 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.

Depreciation on tangible fixed assets is charged to the profit or loss so as to write off their value, over their estimated useful lives, using the following methods:

Plant and machinery-20% reducing balance
Computer equipment-33.33% straight line

At each reporting date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


TGR GIFT LTD (REGISTERED NUMBER: 13794322)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


2. ACCOUNTING POLICIES - continued
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.

Trade debtors
Trade debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 2,041 1,404 3,445
DEPRECIATION
At 1st January 2024 408 572 980
Charge for year 327 468 795
At 31st December 2024 735 1,040 1,775
NET BOOK VALUE
At 31st December 2024 1,306 364 1,670
At 31st December 2023 1,633 832 2,465

TGR GIFT LTD (REGISTERED NUMBER: 13794322)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 1,202,737
NET BOOK VALUE
At 31st December 2024 1,202,737
At 31st December 2023 1,202,737

Fair value at 31st December 2024 is represented by:
£   
Cost 1,202,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 12,360
Other debtors 30,557 248
30,557 12,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - (785 )
Taxation and social security 3,055 13,266
Other creditors 1,237,843 1,246,249
1,240,898 1,258,730

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100