Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302025-05-232025-05-232024-09-302025-05-232023-12-01falsefalseNo description of principal activity1213falsefalse 10469579 2023-12-01 2024-09-30 10469579 2022-12-01 2023-11-30 10469579 2024-09-30 10469579 2023-11-30 10469579 2022-12-01 10469579 1 2023-12-01 2024-09-30 10469579 d:CompanySecretary1 2023-12-01 2024-09-30 10469579 d:Director1 2023-12-01 2024-09-30 10469579 d:Director1 2024-09-30 10469579 d:Director2 2023-12-01 2024-09-30 10469579 d:Director2 2024-09-30 10469579 d:Director3 2023-12-01 2024-09-30 10469579 d:Director3 2024-09-30 10469579 d:Director4 2023-12-01 2024-09-30 10469579 d:Director4 2024-09-30 10469579 d:Director5 2023-12-01 2024-09-30 10469579 d:Director5 2024-09-30 10469579 d:RegisteredOffice 2023-12-01 2024-09-30 10469579 c:PlantMachinery 2023-12-01 2024-09-30 10469579 c:PlantMachinery 2024-09-30 10469579 c:PlantMachinery 2023-11-30 10469579 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-12-01 2024-09-30 10469579 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2023-12-01 2024-09-30 10469579 c:MotorVehicles 2023-12-01 2024-09-30 10469579 c:MotorVehicles 2024-09-30 10469579 c:MotorVehicles 2023-11-30 10469579 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-12-01 2024-09-30 10469579 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-12-01 2024-09-30 10469579 c:OfficeEquipment 2023-12-01 2024-09-30 10469579 c:OfficeEquipment 2024-09-30 10469579 c:OfficeEquipment 2023-11-30 10469579 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-12-01 2024-09-30 10469579 c:OfficeEquipment c:LeasedAssetsHeldAsLessee 2023-12-01 2024-09-30 10469579 c:OwnedOrFreeholdAssets 2023-12-01 2024-09-30 10469579 c:LeasedAssetsHeldAsLessee 2023-12-01 2024-09-30 10469579 c:CurrentFinancialInstruments 2024-09-30 10469579 c:CurrentFinancialInstruments 2023-11-30 10469579 c:Non-currentFinancialInstruments 2024-09-30 10469579 c:Non-currentFinancialInstruments 2023-11-30 10469579 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 10469579 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 10469579 c:Non-currentFinancialInstruments c:AfterOneYear 2024-09-30 10469579 c:Non-currentFinancialInstruments c:AfterOneYear 2023-11-30 10469579 c:ShareCapital 2023-12-01 2024-09-30 10469579 c:ShareCapital 2024-09-30 10469579 c:ShareCapital 2022-12-01 2023-11-30 10469579 c:ShareCapital 2023-11-30 10469579 c:ShareCapital 2022-12-01 10469579 c:RetainedEarningsAccumulatedLosses 2023-12-01 2024-09-30 10469579 c:RetainedEarningsAccumulatedLosses 2024-09-30 10469579 c:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 10469579 c:RetainedEarningsAccumulatedLosses 2023-11-30 10469579 c:RetainedEarningsAccumulatedLosses 2022-12-01 10469579 c:AcceleratedTaxDepreciationDeferredTax 2024-09-30 10469579 c:AcceleratedTaxDepreciationDeferredTax 2023-11-30 10469579 d:FRS102 2023-12-01 2024-09-30 10469579 d:Audited 2023-12-01 2024-09-30 10469579 d:FullAccounts 2023-12-01 2024-09-30 10469579 d:PrivateLimitedCompanyLtd 2023-12-01 2024-09-30 10469579 c:HirePurchaseContracts c:WithinOneYear 2024-09-30 10469579 c:HirePurchaseContracts c:WithinOneYear 2023-11-30 10469579 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-09-30 10469579 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-11-30 10469579 c:HirePurchaseContracts c:MoreThanFiveYears 2024-09-30 10469579 c:HirePurchaseContracts c:MoreThanFiveYears 2023-11-30 10469579 2 2023-12-01 2024-09-30 10469579 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2024-09-30 10469579 c:PlantMachinery c:LeasedAssetsHeldAsLessee 2023-11-30 10469579 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-09-30 10469579 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-11-30 10469579 c:LeasedAssetsHeldAsLessee 2024-09-30 10469579 c:LeasedAssetsHeldAsLessee 2023-11-30 10469579 e:PoundSterling 2023-12-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 10469579


TIGER PLANT LTD
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024




 
TIGER PLANT LTD
 
 
COMPANY INFORMATION


Directors
J A E Corcoran (appointed 28 June 2024)
S J Corcoran (appointed 28 June 2024)
S Sherbourne (appointed 28 June 2024)
S A Morgan (resigned 28 June 2024)
A Rohrer (resigned 28 June 2024)




Company secretary
No company secretary



Registered number
10469579



Registered office
c/o CWM
1a High Street

Epsom

Surrey

KT19 8DA





 
TIGER PLANT LTD
 

CONTENTS



Page
Directors' report
1 - 2
Independent auditors' report
3 - 6
Statement of comprehensive income
7
Balance sheet
8 - 9
Statement of changes in equity
10 - 11
Notes to the financial statements
12 - 21


 
TIGER PLANT LTD
 
 
 
DIRECTORS' REPORT
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

The directors present their report and the financial statements for the 10 months ended 30 September 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Directors

The directors who served during the 10 months were:

J A E Corcoran (appointed 28 June 2024)
S J Corcoran (appointed 28 June 2024)
S Sherbourne (appointed 28 June 2024)
S A Morgan (resigned 28 June 2024)
A Rohrer (resigned 28 June 2024)

The company was acquired by Advanced Access Platforms Limited on 26 June 2024 after which the directors prior to the takeover resigned and a new board was elected in its place.

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Page 1

 
TIGER PLANT LTD
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

Auditors

The auditorsCWMwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 23 May 2025 and signed on its behalf.
 








J A E Corcoran
Director

Page 2

 
TIGER PLANT LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TIGER PLANT LTD
 

Opinion


We have audited the financial statements of TIGER PLANT LTD (the 'Company') for the 10 months ended 30 September 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 30 September 2024 and of its loss for the 10 months then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 3

 
TIGER PLANT LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TIGER PLANT LTD (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Directors' report for the financial 10 months for which the financial statements are prepared is consistent with the financial statements; and
the Directors' report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.


Page 4

 
TIGER PLANT LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TIGER PLANT LTD (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit approach, we determined a materiality level and assessed the risks of material misstatement in the financial statements, including how fraud may occur through enquiries of management regarding its assessment of the areas and liklihood of fraud.
We looked at the areas where subjective judgements were made by management. In particular we looked at significant accounting estimates which were the result of assumptions made and based upon future events which are inherently uncertain. We also considered the effect of potential financial and other pressures, opportunity and motivations for fraud. We identified the use of internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management motitor these procedures. As part of our audit we reviewed and tested journals, key estimates and judgements made by management.
Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.
We did not identify any key audit matters relating to irregularites, including fraud. We considered the risk of management override of internal controls and carried out tests to to evaluate this.
Our audit procedures are designed to identify risks of material misstatement, recognising that risks of not detecting such material misstatements due to fraud is greater then the risk due to error, due to the fact that fraud may well involve deliberate concealment. The audit procedures have inherent limitations. The further removed that non-compliance with laws and regulations are from the events and transactions included in the financial statements, the less likely we are to detect it.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Page 5

 
TIGER PLANT LTD
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TIGER PLANT LTD (CONTINUED)


Other matters 
 

Due to a change in ownership of the group during the period, the company was no longer entitled to exemption from the requirement for a statutory audit.  The prior year comparatives which relate to the year ended 30 November 2023 were not subject to an audit. 


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.








Mark Cooper FCA (Senior statutory auditor)
  
for and on behalf of
CWM
 
Chartered Accountants
Registered Auditors
  
1a High Street
Epsom
Surrey
KT19 8DA

23 May 2025
Page 6

 
TIGER PLANT LTD
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

10 months ended
30 September
year ended
30 November
2024
2023
Note
£
£

  

Turnover
  
855,724
1,038,928

Cost of sales
  
(574,414)
(504,701)

Gross profit
  
281,310
534,227

Administrative expenses
  
(554,904)
(485,958)

Other operating income
  
36,573
10,061

Operating (loss)/profit
  
(237,021)
58,330

Amounts written off investments
  
-
(6,063)

Interest receivable and similar income
  
24
93

Interest payable and similar expenses
  
(38,319)
(39,821)

(Loss)/profit before tax
  
(275,316)
12,539

Tax on (loss)/profit
  
29,228
(4,409)

(Loss)/profit for the financial 10 months
  
(246,088)
8,130

Other comprehensive income for the 10 months
  

Total comprehensive income for the 10 months
  
(246,088)
8,130

The notes on pages 12 to 21 form part of these financial statements.

Page 7

 
TIGER PLANT LTD
REGISTERED NUMBER: 10469579

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

30 September
30 November
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
600,590
626,071

  
600,590
626,071

Current assets
  

Debtors: amounts falling due within one year
 6 
399,542
301,190

Cash at bank and in hand
 7 
1,962
7,943

  
401,504
309,133

Creditors: amounts falling due within one year
 8 
(446,529)
(549,750)

Net current liabilities
  
 
 
(45,025)
 
 
(240,617)

Total assets less current liabilities
  
555,565
385,454

Creditors: amounts falling due after more than one year
 9 
(702,457)
(257,030)

Provisions for liabilities
  

Deferred tax
 11 
-
(29,228)

  
 
 
-
 
 
(29,228)

Net (liabilities)/assets
  
(146,892)
99,196


Capital and reserves
  

Called up share capital 
  
204
204

Profit and loss account
  
(147,096)
98,992

  
(146,892)
99,196


Page 8

 
TIGER PLANT LTD
REGISTERED NUMBER: 10469579
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 May 2025.







S J Corcoran
Director

The notes on pages 12 to 21 form part of these financial statements.

Page 9

 
TIGER PLANT LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2023
204
98,992
99,196


Comprehensive income for the 10 months

Loss for the 10 months

-
(246,088)
(246,088)


Other comprehensive income for the 10 months
-
-
-


Total comprehensive income for the 10 months
-
(246,088)
(246,088)


Total transactions with owners
-
-
-


At 30 September 2024
204
(147,096)
(146,892)


The notes on pages 12 to 21 form part of these financial statements.

Page 10

 
TIGER PLANT LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE 10 MONTHS ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2022
204
97,862
98,066


Comprehensive income for the year

Profit for the year

-
8,130
8,130


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
8,130
8,130


Contributions by and distributions to owners

Dividends: Equity capital
-
(7,000)
(7,000)


Total transactions with owners
-
(7,000)
(7,000)


At 30 November 2023
204
98,992
99,196


The notes on pages 12 to 21 form part of these financial statements.

Page 11

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 12

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the 10 months in which they are incurred.

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

Current and deferred taxation

The tax expense for the 10 months comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 13

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as set out below.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
straight line basis
Motor vehicles
-
25%
reducing balance basis
Office equipment
-
25%
reducing balance basis

The 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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.12

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 measured subsequently at amortised cost using the effective interest method.

 
1.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 14

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

The company is a private limited company incorporated in England and Wales. Its principal place of business is situated at Bridge End Road, Swindon SN3 4PD.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will therefore seldom equal the related actual results. There are no significant estimates and assumptions other than already set out under the accounting policies of the company.


4.


Employees

The average monthly number of employees, including the directors, during the 10 months was as follows:


  10 months ended
     30 September
       year ended
      30 November
        2024
        2023
            No.
            No.







Directors
3
3



Others
9
10

12
13

Page 15

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets







Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2023
730,312
-
6,486
736,798


Additions
70,130
46,192
15,783
132,105


Disposals
(119,394)
-
-
(119,394)



At 30 September 2024

681,048
46,192
22,269
749,509



Depreciation


At 1 December 2023
106,193
-
4,535
110,728


Charge for the 10 months on owned assets
6,387
-
4,434
10,821


Charge for the 10 months on financed assets
46,691
2,887
-
49,578


Disposals
(22,208)
-
-
(22,208)



At 30 September 2024

137,063
2,887
8,969
148,919



Net book value



At 30 September 2024
543,985
43,305
13,300
600,590



At 30 November 2023
624,119
-
1,952
626,071

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


30 September
30 November
2024
2023
£
£



Plant and machinery
426,051
600,539

Motor vehicles
43,305
-

469,356
600,539

Page 16

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

6.


Debtors

30 September
30 November
2024
2023
£
£


Trade debtors
341,068
272,799

Amounts owed by group undertakings
4,844
-

Other debtors
21,667
22,147

Prepayments and accrued income
31,963
6,244

399,542
301,190



7.


Cash and cash equivalents

30 September
30 November
2024
2023
£
£

Cash at bank and in hand
1,962
7,943

Less: bank overdrafts
-
(6,052)

1,962
1,891


Page 17

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

8.


Creditors: Amounts falling due within one year

30 September
30 November
2024
2023
£
£

Bank overdrafts
-
6,052

Bank loans
31,737
36,627

Trade creditors
156,814
94,423

Amounts owed to group undertakings
18,475
49,856

Other taxation and social security
74,618
63,606

Obligations under finance lease and hire purchase contracts
145,418
141,339

Other creditors
16,427
154,977

Accruals and deferred income
3,040
2,870

446,529
549,750


The following liabilities were secured:

30 September
30 November
2024
2023
£
£



Obligations under finance lease and hire purchase contracts
145,418
141,339

145,418
141,339

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured on the fixed assets to which they relate.

Page 18

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

9.


Creditors: Amounts falling due after more than one year

30 September
30 November
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
229,441
257,030

Amounts owed to group undertakings
473,016
-

702,457
257,030


The following liabilities were secured:

30 September
30 November
2024
2023
£
£



Net obligations under finance leases and hire purchase contracts
229,441
257,030

229,441
257,030

Details of security provided:

Net obligations under finance leases and hire purchase contracts are secured on the fixed assets to which they relate.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

30 September
30 November
2024
2023
£
£


Within one year
160,228
136,249

Between 1-5 years
267,395
409,984

Over 5 years
-
5,199

427,623
551,432

Page 19

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

11.


Deferred taxation






2024


£






At beginning of year
(29,228)


Charged to profit or loss
29,228



At end of year
-

The deferred taxation balance is made up as follows:

30 September
30 November
2024
2023
£
£


Accelerated capital allowances
-
(29,228)

-
(29,228)


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,914 (2023 - £3,916) . Contributions totalling £817 (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 20

 
TIGER PLANT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 10 MONTHS ENDED 30 SEPTEMBER 2024

13.


Related party transactions

Included in administrative expenses are management fees amounting to £43,464 (2023 - £Nil) charged by Mr A Rohrer, a director of the company, and Clearwater Asset Holdings Limited, a company in which Mr A Rohrer and Mr S A Morgan, directors of the company during the period, have a material interest.
The following amounts, relating to group companies, are included in debtors and creditors falling due within one year:-


30 September
30 November
2024
2023
£
£

Tiger Plant Holdings Limited - parent company
(18,475)
-
Magnolia Swindon Limited - fellow subsidiary
4,844
-
Advanced Access Platforms Limited - ultimate parent company
(473,016)
-
(486,647)
-


14.


Post balance sheet events

On 31 October 2024, a fixed and floating charge was created over all the assets of the company in favour of Aldermore Bank Plc, as well as a cross guarantee for amounts due to Aldermore Bank Plc by Tiger Plant Holdings Limited and Magnolia Swindon Limited.


15.


Controlling party

The ultimate controlling party is Advanced Access Platforms Limited.

 
Page 21