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Company Registration No. 12243793 (England and Wales)
Tignes Property Ltd Unaudited accounts for the year ended 31 October 2024
Tignes Property Ltd Unaudited accounts Contents
Page
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Tignes Property Ltd Company Information for the year ended 31 October 2024
Director
Milly Bellotti
Company Number
12243793 (England and Wales)
Registered Office
5 Brayford Square London E1 0SG England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Tignes Property Ltd Accountants' report
Accountants' report to the director of Tignes Property Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tignes Property Ltd for the year ended 31 October 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tignes Property Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tignes Property Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tignes Property Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tignes Property Ltd 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 Tignes Property Ltd. You consider that Tignes Property Ltd 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 Tignes Property Ltd. 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.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 23 June 2025
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Tignes Property Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,702 
654 
Investment property
697,497 
490,000 
700,199 
490,654 
Current assets
Debtors
4,130 
14,033 
Cash at bank and in hand
9,139 
110,398 
13,269 
124,431 
Creditors: amounts falling due within one year
(293,295)
(206,214)
Net current liabilities
(280,026)
(81,783)
Total assets less current liabilities
420,173 
408,871 
Creditors: amounts falling due after more than one year
(400,332)
(400,332)
Provisions for liabilities
Deferred tax
(8,008)
(6,379)
Net assets
11,833 
2,160 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
95,791 
95,197 
Profit and loss account
(83,960)
(93,039)
Shareholders' funds
11,833 
2,160 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 July 2025 and were signed on its behalf by
Milly Bellotti Director Company Registration No. 12243793
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Tignes Property Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Tignes Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12243793. The registered office is 5 Brayford Square, London, E1 0SG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Tignes Property Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
- 
1,839 
1,839 
Additions
2,731 
- 
2,731 
At 31 October 2024
2,731 
1,839 
4,570 
Depreciation
At 1 November 2023
- 
1,185 
1,185 
Charge for the year
228 
455 
683 
At 31 October 2024
228 
1,640 
1,868 
Net book value
At 31 October 2024
2,503 
199 
2,702 
At 31 October 2023
- 
654 
654 
5
Investment property
2024 
£ 
Fair value at 1 November 2023
490,000 
Additions
174,973 
Net gain from fair value adjustments
32,524 
At 31 October 2024
697,497 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
4,130 
14,033 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
3,584 
3,233 
Loans from directors
289,711 
201,961 
Accruals
- 
1,020 
293,295 
206,214 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
359,742 
359,742 
Other creditors
40,590 
40,590 
400,332 
400,332 
Aggregate of amounts that fall due for payment after five years
400,332 
400,332 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
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Tignes Property Ltd Notes to the Accounts for the year ended 31 October 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
- 
6,379 
Revaluation of investment property
31,930 
- 
Tax losses carried forward
(23,922)
- 
8,008 
6,379 
2024 
2023 
£ 
£ 
Provision at start of year
6,379 
6,379 
Charged to the profit and loss account
1,629 
- 
Provision at end of year
8,008 
6,379 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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