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Registration number: 14089291

Tybaac Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Tybaac Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Tybaac Limited

Company Information

Director

T A Barnes

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Tybaac Limited

Statement of Financial Position as at 31 March 2025

Note

2025
£

(As restated)

2024
£

Fixed assets

 

Tangible assets

4

4,401

6,115

Investments

5

100

100

 

4,501

6,215

Current assets

 

Debtors

6

31,030

94,935

Cash at bank and in hand

 

8,335

2,570

 

39,365

97,505

Creditors: Amounts falling due within one year

7

(25,525)

(47,897)

Net current assets

 

13,840

49,608

Total assets less current liabilities

 

18,341

55,823

Provisions for liabilities

-

(1,529)

Net assets

 

18,341

54,294

Capital and reserves

 

Called up share capital

1

1

Retained earnings

18,340

54,293

Shareholders' funds

 

18,341

54,294

For the financial year ending 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director has elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, section 444.

 

Tybaac Limited

Statement of Financial Position as at 31 March 2025

Approved and authorised by the director on 8 August 2025
 

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

T A Barnes

Director

Company registration number: 14089291

 

Tybaac Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of the provision of hospitality and brand management consultancy services.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company's services remain in demand and the director expects to return to profitability in the forthcoming year.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, exclusive of Value Added Tax.

Turnover from consulting services are recognised as services are performed and the company has a right to future economic benefit.

 

Tybaac Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Furniture, fittings and equipment

4 year straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

 

Tybaac Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company during the year, was 1 (2024 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

6,856

6,856

At 31 March 2025

6,856

6,856

Depreciation

At 1 April 2024

741

741

Charge for the year

1,714

1,714

At 31 March 2025

2,455

2,455

Carrying amount

At 31 March 2025

4,401

4,401

At 31 March 2024

6,115

6,115

5

Investments

2025
£

(As restated)

2024
£

Investments in associates

100

100

Associates

£

Cost

At 1 April 2024 and 31 March 2025

100

Carrying amount

At 31 March 2025

100

At 31 March 2024

100

 

Tybaac Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

2025
£

(As restated)

2024
£

Other debtors

31,030

94,935

31,030

94,935

7

Creditors

Creditors: amounts falling due within one year

2025
£

(As restated)

2024
£

Trade creditors

-

1,346

Taxation and social security

3,216

23,317

Accruals and deferred income

1,575

2,500

Other creditors

20,734

20,734

25,525

47,897

8

Prior period adjustment

During the year the director identified that in the previous years' financial statements an investment and a loan made to an associated undertaking of £20,000 together with a loan to the company of the same amount had been omitted. This has been corrected in the current years financial statements and the comparatives have been restated. There is no impact on the reserves at 31 March 2024 or the result for the year then ended.