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Registration number: 10225910

Tiger Financial Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Tiger Financial Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

 

Tiger Financial Limited

Company Information

Director

Mr Matthew Dailly

Registered office

Cawley Priory
South Pallant
Chichester
PO19 1SY

Accountants

Blue Spire Limited Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Tiger Financial Limited

Director's Report for the Year Ended 31 July 2024

The director presents his report and the financial statements for the year ended 31 July 2024.

Director of the company

The director who held office during the year was as follows:

Mr Matthew Dailly

Principal activity

The principal activity of the company is brokering commercial property finance.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 May 2025
 

.........................................
Mr Matthew Dailly
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Tiger Financial Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tiger Financial Limited for the year ended 31 July 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Tiger Financial Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Tiger Financial Limited and state those matters that we have agreed to state to the Board of Directors of Tiger Financial Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tiger Financial Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tiger Financial Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tiger Financial Limited. You consider that Tiger Financial Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tiger Financial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

28 May 2025

 

Tiger Financial Limited

(Registration number: 10225910)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

555

1,283

Debtors

6

537,829

550,889

 

538,384

552,172

Current assets

 

Stocks

5

-

50,000

Debtors

6

200,000

-

Cash at bank and in hand

 

1,469

574

 

201,469

50,574

Creditors: Amounts falling due within one year

7

(140,958)

(59,670)

Net current assets/(liabilities)

 

60,511

(9,096)

Total assets less current liabilities

 

598,895

543,076

Creditors: Amounts falling due after more than one year

7

(8,773)

(19,062)

Net assets

 

590,122

524,014

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

590,120

524,012

Shareholders' funds

 

590,122

524,014

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 28 May 2025
 

.........................................
Mr Matthew Dailly
Director

 

Tiger Financial Limited

Statement of Changes in Equity for the Year Ended 31 July 2024

Share capital
£

Retained earnings
£

Total
£

At 1 August 2023

2

524,012

524,014

Profit for the year

-

254,468

254,468

Dividends

-

(188,360)

(188,360)

At 31 July 2024

2

590,120

590,122

Share capital
£

Retained earnings
£

Total
£

At 1 August 2022

2

321,321

321,323

Profit for the year

-

264,221

264,221

Dividends

-

(61,530)

(61,530)

At 31 July 2023

2

524,012

524,014

 

Tiger Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cawley Priory
South Pallant
Chichester
PO19 1SY

These financial statements were authorised for issue by the director on 28 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office and computer equipment

25% Reducing balance

 

Tiger Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

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 services performed in the ordinary course of business.

A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

3,598

3,598

At 31 July 2024

3,598

3,598

Depreciation

At 1 August 2023

2,315

2,315

Charge for the year

728

728

At 31 July 2024

3,043

3,043

Carrying amount

At 31 July 2024

555

555

At 31 July 2023

1,283

1,283

 

Tiger Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

5

Stocks

2024
£

2023
£

Work in progress

-

50,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

200,000

-

 

200,000

-

Non-current

Note

2024
£

2023
£

Amounts owed by related parties

11

537,829

550,889

   

537,829

550,889

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

11,175

10,035

Trade creditors

 

-

1,791

Taxation and social security

 

126,680

46,041

Accruals and deferred income

 

1,800

1,800

Other creditors

 

1,303

3

 

140,958

59,670

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

8,773

19,062

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

Ordinary B of £1 each

1

1

1

1

2

2

2

2

 

Tiger Financial Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

8,773

19,062

Current loans and borrowings

2024
£

2023
£

Bank borrowings

11,175

10,035

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £88,360.00 (2023 - £11,530.00) per each ordinary share

88,360

11,530

Interim dividend of £100,000.00 (2023 - £50,000.00) per each ordinary B share

100,000

50,000

188,360

61,530

11

Related party transactions

Summary of transactions with other related parties

The company is owed £488,830 (2023: £550,889) from Brooke Carter Ltd, a company controlled by Mr M Dailly. Transactions with Brooke Carter Ltd are in a loan capacity and not related to either companies trade. There are no repayment terms attached to the loan and there is no interest charged.

The company is owed £49,000 (2023: £0) from CAS FZ-LLC a Dubai company controlled by Mr M Dailly's brother. There are no repayment terms attached to the loan and the loan is interest free.

The company sold services worth £200,000 to Heroes Group Ltd a company controlled by the Mr M Dailly, this balance remains outstanding at the year end (2023: £0).