2024-01-012024-12-312024-12-31false13844100TIDE PROPERTY ASSETS 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TIDE PROPERTY ASSETS LTD

Registered Number
13844100
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

TIDE PROPERTY ASSETS LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

ANTILL, Jason Peter Jeffries

Registered Address

11 Golden Square
Soho
London
W1F 9JB

Registered Number

13844100 (England and Wales)
TIDE PROPERTY ASSETS LTD
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property3987,020467,366
987,020467,366
Current assets
Debtors45,010-
Cash at bank and on hand10,6958,276
15,7058,276
Creditors amounts falling due within one year5(1,092,362)(452,818)
Net current assets (liabilities)(1,076,657)(444,542)
Total assets less current liabilities(89,637)22,824
Net assets(89,637)22,824
Capital and reserves
Called up share capital1010
Profit and loss account(89,647)22,814
Shareholders' funds(89,637)22,824
The financial statements were approved and authorised for issue by the Director on 13 March 2025, and are signed on its behalf by:
ANTILL, Jason Peter Jeffries
Director
Registered Company No. 13844100
TIDE PROPERTY ASSETS LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate. These values are 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 the Income Statement.
Finance leases and hire purchase contracts
Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year11
3.Investment property
On 31 December 2024, the investment properties were held at their historic cost of £987,020. It is the opinion of the director that this valuation has not materially altered at the period end date.

£
Fair value at 01 January 24467,366
Additions519,654
At 31 December 24987,020
4.Debtors: amounts due within one year

2024

2023

££
Other debtors5,010-
Total5,010-
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties1,089,363448,477
Taxation and social security-1,701
Accrued liabilities and deferred income2,9992,640
Total1,092,362452,818
6.Directors advances, credits and guarantees
On 1 January 2024 a director owed the company £Nil. During the period this director was advanced £5,010 and repaid £Nil. As at 31 December 2024 this director owed the company £5,010. No interest was charged on this loan. The loan is unsecured and repayable on demand.
7.Related party transactions
During the period the company had a loan account with Pure Real Estate Services Limited, a company in which the director of this company is the sole director. At the balance sheet date the company owed Pure Real Estate Services Limited £1,089,363 (2023 - £448,477). This loan is unsecured, interest free and repayable upon demand. During the year the company let one of its investment properties to Pure Real Estate Services Limited, a company under control of Mr J Antill the company director. No rent was charged to Pure Real Estate Services Limited for the use of this property (2023 - £nil).