IRIS Accounts Production v25.1.0.734 08730642 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087306422023-12-31087306422024-12-31087306422024-01-012024-12-31087306422022-12-31087306422023-01-012023-12-31087306422023-12-3108730642ns15:EnglandWales2024-01-012024-12-3108730642ns14:PoundSterling2024-01-012024-12-3108730642ns10:Director12024-01-012024-12-3108730642ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108730642ns10:SmallEntities2024-01-012024-12-3108730642ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3108730642ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108730642ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108730642ns10:FullAccounts2024-01-012024-12-3108730642ns10:Director22024-01-012024-12-3108730642ns10:CompanySecretary12024-01-012024-12-3108730642ns10:RegisteredOffice2024-01-012024-12-3108730642ns5:CurrentFinancialInstruments2024-12-3108730642ns5:CurrentFinancialInstruments2023-12-3108730642ns5:ShareCapital2024-12-3108730642ns5:ShareCapital2023-12-3108730642ns5:RetainedEarningsAccumulatedLosses2024-12-3108730642ns5:RetainedEarningsAccumulatedLosses2023-12-3108730642ns5:CostValuation2023-12-31
REGISTERED NUMBER: 08730642 (England and Wales)











Unaudited Financial Statements for the Year Ended 31st December 2024

for

TIG Invest UK Ltd

TIG Invest UK Ltd (Registered number: 08730642)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


TIG Invest UK Ltd

Company Information
for the Year Ended 31st December 2024







DIRECTORS: N M Taha
H Taha





SECRETARY: K M Taha





REGISTERED OFFICE: SAFE-door Industries Ltd
Townfoot Industrial Estate
Brampton
Cumbria
CA8 1SW





REGISTERED NUMBER: 08730642 (England and Wales)






TIG Invest UK Ltd (Registered number: 08730642)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 619,253 619,253
Investment property 5 900,000 -
1,519,253 619,253

CURRENT ASSETS
Cash at bank 81,698 19,779

CREDITORS
Amounts falling due within one year 6 407,634 19,045
NET CURRENT (LIABILITIES)/ASSETS (325,936 ) 734
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,193,317

619,987

PROVISIONS FOR LIABILITIES 135,199 -
NET ASSETS 1,058,118 619,987

CAPITAL AND RESERVES
Called up share capital 619,193 619,193
Retained earnings 438,925 794
SHAREHOLDERS' FUNDS 1,058,118 619,987

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





N M Taha - Director


TIG Invest UK Ltd (Registered number: 08730642)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

TIG Invest UK Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TIG Invest UK Ltd (Registered number: 08730642)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2024
and 31st December 2024 619,253
NET BOOK VALUE
At 31st December 2024 619,253
At 31st December 2023 619,253

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 359,203
Revaluations 540,797
At 31st December 2024 900,000
NET BOOK VALUE
At 31st December 2024 900,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2024 540,797
Cost 359,203
900,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 359,203 -

Investment property was valued on an open market basis on 3rd June 2024 by DM Hall, Chartered Surveyors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,174 11
Other creditors 398,460 19,034
407,634 19,045

TIG Invest UK Ltd (Registered number: 08730642)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

7. RELATED PARTY DISCLOSURES

Taha Investment Group (TIG) Limited
Controlling company

At 31st December 2024, the company owed the sum of £382,434 (2023 - £18,534) to Taha Investment Group (TIG) Limited, located in Dubai, by way of an inter company loan.

SAFE-door Industries Ltd
Subsidiary

At 31st December 2024, the company owed the sum of £227 (2023 - £0) to SAFE-door Industries Ltd by way of an inter company loan.


TIG Invest GmbH
Group company based in Germany

At 31st December 2024, the company owed the sum of £15,181 (2023 - £0) to TIG Invest GmbH by way of an inter company loan.