Registration number:
Tiger II Limited
for the Year Ended 31 August 2024
Tiger II Limited
Contents
|
Company Information |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Tiger II Limited
Company Information
|
Directors |
Mr D Sterne Mr G M Sterne |
|
Registered office |
|
|
Accountants |
|
Tiger II Limited
(Registration number: 08642049)
Balance Sheet as at 31 August 2024
|
Note |
2024 |
2023 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Other financial assets |
4 |
4 |
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Retained earnings |
|
|
|
|
Shareholders' funds |
|
|
For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Tiger II Limited
(Registration number: 08642049)
Balance Sheet as at 31 August 2024 (continued)
Approved and authorised by the
|
......................................... |
|
......................................... |
Tiger II Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
|
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
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.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Tiger II Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
|
2 |
Accounting policies (continued) |
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.
Tangible assets
Tangible assets are stated in the balance sheet 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 |
|
Freehold Property |
No Depreciation |
|
Fixtures and Fittings |
25% Reducing Balance |
Investments
Investments in unlisted equity instruments whose fair value cannot be measured reliably are measured at cost less impairment. These investments are not held for trading purposes. Where investments are held solely to secure rights of occupation or membership in a property management company, they are stated at nominal value, as they have no market value and are not held for investment return.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Tiger II Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
|
Tangible assets |
|
Land and buildings |
Fixtures and fittings |
Total |
|
|
Cost or valuation |
|||
|
At 1 September 2023 |
|
- |
|
|
Additions |
- |
|
|
|
At 31 August 2024 |
|
|
|
|
Depreciation |
|||
|
Charge for the year |
- |
|
|
|
At 31 August 2024 |
- |
|
|
|
Carrying amount |
|||
|
At 31 August 2024 |
|
|
|
|
At 31 August 2023 |
|
- |
|
Included within the net book value of land and buildings above is £205,375 (2023 - £205,375) in respect of freehold land and buildings.
|
Other financial assets (current and non-current) |
|
2024 |
2023 |
|
|
Non-current financial assets |
||
|
Financial assets at cost less impairment |
|
|
The company holds one ordinary shares of £4 in a property management company , a company limited by guarantee, which manages the property from which the company operates. Ownership of this share is required to secure the company’s rights of occupation. The share has no market value, is not transferable independently of the property, and is not held for investment purposes.
Tiger II Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
|
Stocks |
|
2024 |
2023 |
|
|
Other inventories |
|
|
|
Debtors |
|
Current |
2024 |
2023 |
|
Other debtors |
|
|
|
|
|
Tiger II Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2024 |
2023 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Taxation and social security |
|
|
|
|
Accruals and deferred income |
|
|
|
|
Other creditors |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
Note |
2024 |
2023 |
|
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
10 |
|
10 |
|
Loans and borrowings |
Non-current loans and borrowings
|
2024 |
2023 |
|
|
Bank borrowings |
|
|
Current loans and borrowings
Tiger II Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)
|
10 |
Loans and borrowings (continued) |
|
2024 |
2023 |
|
|
Bank borrowings |
|
|
|
Bank overdrafts |
|
|
|
|
|
|
|
Related party transactions |
|
Transactions with directors |
|
2024 |
At 1 September 2023 |
Other payments made to company by director |
At 31 August 2024 |
|
Mr D Sterne |
|||
|
The loan is interest free with no fixed date of repayment. |
( |
- |
( |
|
Mr G M Sterne |
|||
|
The loan is interest free with no fixed date of repayment. |
( |
(5,000) |
( |
|
2023 |
At 1 September 2022 |
Advances to director |
At 31 August 2023 |
|
Mr D Sterne |
|||
|
The loan is interest free with no fixed date of repayment. |
( |
- |
( |
|
Mr G M Sterne |
|||
|
The loan is interest free with no fixed date of repayment. |
( |
|
( |