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Company No: 14365762 (England and Wales)

TIPPING SMART LTD

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TIPPING SMART LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TIPPING SMART LTD

COMPANY INFORMATION

For the financial year ended 31 December 2024
TIPPING SMART LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTOR Paul Norman Nikkel
REGISTERED OFFICE 24 Greville Street
London
EC1N 8SS
United Kingdom
COMPANY NUMBER 14365762 (England and Wales)
TIPPING SMART LTD

BALANCE SHEET

As at 31 December 2024
TIPPING SMART LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1 1
1 1
Creditors: amounts falling due within one year 4 ( 130,731) ( 130,731)
Net current liabilities (130,731) (130,731)
Total assets less current liabilities (130,730) (130,730)
Net liabilities ( 130,730) ( 130,730)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 130,731 ) ( 130,731 )
Total shareholder's deficit ( 130,730) ( 130,730)

Tipping Smart Ltd (registered number: 14365762) did not trade during the current financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of Tipping Smart Ltd (registered number: 14365762) were approved and authorised for issue by the Director on 05 August 2025. They were signed on its behalf by:

Paul Norman Nikkel
Director
TIPPING SMART LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TIPPING SMART LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tipping Smart Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 24 Greville Street, London, EC1N 8SS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Company's parent undertaking, Tipping Canoe UK Limited, has confirmed that it will provide sufficient financial support to the Company to enable it to meet its ongoing liabilities as they fall due for at least 12 months from the date these accounts are signed. Tipping Canoe UK Limited has also provided a guarantee to the Company under section 479A of the Companies Act 2006 in respect of the period ended 31 December 2024. As a result, the director has prepared the financial statements on the going concern basis.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.
Subsequently, they are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 0 1

3. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 January 2024 130,732 130,732
At 31 December 2024 130,732 130,732
Provisions for impairment
At 01 January 2024 130,731 130,731
At 31 December 2024 130,731 130,731
Carrying value at 31 December 2024 1 1
Carrying value at 31 December 2023 1 1

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to parent undertakings 130,731 130,731

5. Ultimate controlling party

Parent Company:

Tipping Canoe UK Ltd
24 Greville Street, London EC1N 8SS