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Registered Number: 11507173
England and Wales

 

 

 

TIONG HOLDINGS LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 412,967    421,967 
Investments 4 202    202 
413,169    422,169 
Current assets      
Debtors 398,935    23,400 
Cash at bank and in hand 99    32,579 
399,034    55,979 
Creditors: amount falling due within one year (438,423)   (12,165)
Net current assets (39,389)   43,814 
 
Total assets less current liabilities 373,780    465,983 
Net assets 373,780    465,983 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 373,680    465,883 
Shareholders' funds 373,780    465,983 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 May 2025 and were signed on its behalf by:


-------------------------------
Mr Andy Kheng King Tiong
Director
1
General Information
Tiong Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 11507173, registration address Merlin House, Brunel House, Theale, Reading, Berkshire, RG7 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land and Buildings - 2% Straight line
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 September 2023 450,000    450,000 
Additions  
Disposals  
At 31 August 2024 450,000    450,000 
Depreciation
At 01 September 2023 28,033    28,033 
Charge for year 9,000    9,000 
On disposals  
At 31 August 2024 37,033    37,033 
Net book values
Closing balance as at 31 August 2024 412,967    412,967 
Opening balance as at 01 September 2023 421,967    421,967 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 September 2023 202    202 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 August 2024 202    202 

5.

Advances and Credits



Mr & Mrs A K K Tiong
The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Mr & Mrs A K K Tiong(12,165)506,545 95,445 398,935 
-1216550654509544500398935
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Mr & Mrs A K K Tiong(41,287)383,141 354,019 (12,165)
-41287383141035401900-12165
6.

Debtors: amounts falling within one year

.   2024
£
  2023
£
Other debtors 23,400 
Directors current accounts 398,935 
398,935  23,400 

7.

Creditors: amount falling due within one year

.   2024
£
  2023
£
Other creditors 438,423 
Directors current account 12,165 
438,423  12,165 

2