Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting 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 reporting date.0Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JXfalse0false0Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JXtruefalse0002024-01-010No description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13073962 2024-01-01 2024-12-31 13073962 2023-01-01 2023-12-31 13073962 2024-12-31 13073962 2023-12-31 13073962 1 2024-01-01 2024-12-31 13073962 d:Director1 2024-01-01 2024-12-31 13073962 d:Director1 2024-12-31 13073962 d:Director2 2024-01-01 2024-12-31 13073962 d:Director2 2024-12-31 13073962 d:Director3 2024-01-01 2024-12-31 13073962 d:RegisteredOffice 2024-01-01 2024-12-31 13073962 d:Agent1 2024-01-01 2024-12-31 13073962 c:ComputerEquipment 2024-01-01 2024-12-31 13073962 c:ComputerEquipment 2024-12-31 13073962 c:ComputerEquipment 2023-12-31 13073962 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13073962 c:CurrentFinancialInstruments 2024-12-31 13073962 c:CurrentFinancialInstruments 2023-12-31 13073962 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 13073962 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 13073962 c:ShareCapital 2024-12-31 13073962 c:ShareCapital 2023-12-31 13073962 c:RetainedEarningsAccumulatedLosses 2024-12-31 13073962 c:RetainedEarningsAccumulatedLosses 2023-12-31 13073962 c:AcceleratedTaxDepreciationDeferredTax 2024-12-31 13073962 c:AcceleratedTaxDepreciationDeferredTax 2023-12-31 13073962 d:OrdinaryShareClass1 2024-01-01 2024-12-31 13073962 d:OrdinaryShareClass1 2024-12-31 13073962 d:OrdinaryShareClass1 2023-12-31 13073962 d:FRS102 2024-01-01 2024-12-31 13073962 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13073962 d:FullAccounts 2024-01-01 2024-12-31 13073962 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13073962 c:Subsidiary1 2024-01-01 2024-12-31 13073962 c:Subsidiary1 1 2024-01-01 2024-12-31 13073962 c:Subsidiary2 2024-01-01 2024-12-31 13073962 c:Subsidiary2 1 2024-01-01 2024-12-31 13073962 c:Subsidiary3 2024-01-01 2024-12-31 13073962 c:Subsidiary3 1 2024-01-01 2024-12-31 13073962 2 2024-01-01 2024-12-31 13073962 6 2024-01-01 2024-12-31 13073962 e:PoundSterling 2024-01-01 2024-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence1 2024-01-01 2024-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence1 2023-01-01 2023-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence1 2024-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence1 2023-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence2 2024-01-01 2024-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence2 2023-01-01 2023-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence2 2024-12-31 13073962 c:EntityWithJointControlOrSignificantInfluence2 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registered number: 13073962









TINZ LIMITED







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TINZ LIMITED
 

CONTENTS



Page
Company Information
1
Directors' Report
2
Income Statement
3
Statement of Financial Position
4
Notes to the Financial Statements
5 - 11


 
TINZ LIMITED
 
 
COMPANY INFORMATION


Directors
I R Graves (resigned 24 February 2025)
J A L Harben (appointed 24 February 2025)
C M J Veal 




Registered number
13073962



Registered office
Gables Lodge
62 Kenilworth Road

Leamington Spa

CV32 6JX




Bankers
HSBC UK Bank plc
1 Centenary Square

Birmingham

B1 1HQ




Page 1

 
TINZ LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The Directors present their report and the financial statements for the year ended 31 December 2024.

Directors

The Directors who served during the year were:

I R Graves (resigned 24 February 2025)
C M J Veal 

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 28 August 2025 and signed on its behalf.
 





C M J Veal
Director

Page 2

 
TINZ LIMITED
 
 
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
£
£


Turnover
3,169,319
2,628,000

Cost of sales
(1,884,949)
(2,169,707)

Gross profit
1,284,370
458,293

Administrative expenses
(182,192)
(76,050)

Operating profit
1,102,178
382,243

Interest receivable and similar income
7,188
-

Profit before tax
1,109,366
382,243

Tax on profit
(156,848)
(90,478)

Profit for the financial year
952,518
291,765

The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
TINZ LIMITED
REGISTERED NUMBER: 13073962

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Property, plant and equipment
 4 
741
1,583

Investments
 5 
300
300

  
1,041
1,883

Current assets
  

Debtors: amounts falling due within one year
 6 
314,159
300,704

Cash at bank and in hand
 7 
1,754,268
1,782,553

  
2,068,427
2,083,257

Creditors: amounts falling due within one year
 8 
(416,535)
(1,384,515)

Net current assets
  
 
 
1,651,892
 
 
698,742

Total assets less current liabilities
  
1,652,933
700,625

Deferred tax
 9 
(186)
(396)

Net assets
  
1,652,747
700,229


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
1,652,745
700,227

Shareholders' funds
  
1,652,747
700,229


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the Board of Directors and were signed on its behalf by: 

C M J Veal
Director
Approved by the board on 28 August 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
TINZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

TINZ Limited is a private company limited by shares and is incorporated in England and Wales. Its registered number is 13073962. The registered office is Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JX.

2.Accounting policies

 
2.1

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements comprise the unaudited financial statements of the Company and are stated in pound sterling, the Company's functional and presentational currency. Monetary amounts in these financial statements are rounded to the nearest £.
The following principal accounting policies which have been applied consistently throughout the year are set out below.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

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:

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the period, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

 
2.4

Interest income

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

Page 5

 
TINZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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 reporting 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 reporting 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 reporting date.

 
2.6

Property, plant and equipment

Property, plant and equipment 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 write off the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
Straight line over 3 years

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.

 
2.7

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 6

 
TINZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Cash at bank

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

 
2.10

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.


3.


Employees

The Company has no employees (2023: Nil) and there were £Nil (2023: £Nil) staff costs during the year.
The Directors did not receive any renumeration from the Company 
(2023: £Nil) but were renumerated by their respective employing entity.

Page 7

 
TINZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Property, plant and equipment





Computer equipment

£



Cost


At 1 January 2024
2,525



At 31 December 2024

2,525



Depreciation


At 1 January 2024
942


Charge for the year on owned assets
842



At 31 December 2024

1,784



Net book value



At 31 December 2024
741



At 31 December 2023
1,583

Page 8

 
TINZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
300



At 31 December 2024
300





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

TINZ Programme 1 HoldCo Limited
Ordinary
100%
TINZ Programme 2 HoldCo Limited
Ordinary
100%
TINZ Programme 3 HoldCo Limited
Ordinary
100%

The registered office of the above subsidiaries is Gables Lodge, 62 Kenilworth Road, Leamington Spa, CV32 6JX.


6.


Debtors

2024
2023
£
£


Trade debtors
308,400
262,800

Amounts owed by group undertakings
5,759
-

Other debtors
-
37,904

314,159
300,704


Amounts owed by group undertakings have no interest payable, are unsecured and are repayable on demand.


7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,754,268
1,782,553


Page 9

 
TINZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
206,517
147,802

Amounts owed to group undertakings
3,360
210,200

Amounts owed to related parties
-
935,800

Corporation tax
157,058
90,713

VAT
47,933
-

Accruals and deferred income
1,667
-

416,535
1,384,515


Amounts owed to group undertakings and related parties are unsecured, repayable on demand and no interest is payable on these amounts.


9.


Deferred taxation




2024


£






At beginning of year
(396)


Credited to profit or loss
210



At end of year
(186)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(186)
(396)


10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1 each
2
2

There is a single class of ordinary shares. There are no restrictions on dividends and the repayment of capital.

Page 10

 
TINZ LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Related party transactions

During the year the Company received shareholder loans of £Nil (2023: £297,762) from Net Zero Energy Development Limited and £Nil (2023: £297,762) from Transmission Investment Holdings Limited
During the year the Company repaid shareholder loans of £467,900 
(2023: £623,378) from Net Zero Energy Development Limited and £467,900 (2023: £623,378) from Transmission Investment Holdings Limited.
The balance at the year end of £Nil 
(2023: £467,900) was due to Net Zero Energy Development Limited and £Nil (2023: £467,900) was due to Transmission Investment Holdings Limited, the balances are shown within note 8 under amounts owed to related parties. 

The Company has taken advantage of the exemption available in section 33 Related Party Disclosures of FRS 102 to not disclose transactions with other wholly owned subsidiaries in the group.


12.


Events after the reporting date

There were no events subsequent to the date of the Statement of Financial Position with a material impact on the reporting period. 


13.


Ultimate controlling party

The Company is jointly controlled by Net Zero Energy Development Limited and Transmission Investment Holdings Limited.
There is no ultimate controlling party.

Page 11