Company No: 07077115 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	R J W Paul
	A C E Paul
	A J Paul

REGISTERED OFFICE	Broxtead Estate Office
	Sutton
	Woodbridge
	IP12 3HL
	United Kingdom

COMPANY NUMBER

07077115 (England and Wales)

ACCOUNTANT	S&W Partners (East) LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	358,281		414,793
Investment property	5	650,000		650,000
		1,008,281		1,064,793
Current assets
Debtors	6	712,696		832,808
Cash at bank and in hand		17,617		43,754
		730,313		876,562
Creditors: amounts falling due within one year	7	( 55,338)		( 229,901)
Net current assets		674,975		646,661
Total assets less current liabilities		1,683,256		1,711,454
Provision for liabilities	8	( 40,730)		( 46,328)
Net assets		1,642,526		1,665,126
Capital and reserves
Called-up share capital	9	100		100
Revaluation reserve		104,091		104,091
Profit and loss account		1,538,335		1,560,935
Total shareholders' funds		1,642,526		1,665,126

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tidal Hill Limited (registered number: 07077115) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

R J W Paul Director

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

Tidal Hill Limited (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 Broxtead Estate Office, Sutton, Woodbridge, IP12 3HL, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Tidal Hill Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Entitlements

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	5 % reducing balance
Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance
Other property, plant and equipment	14 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Intangible assets

	Entitlements		Total
	£		£
Cost
At 01 October 2023	7,924		7,924
At 30 September 2024	7,924		7,924
Accumulated amortisation
At 01 October 2023	7,924		7,924
At 30 September 2024	7,924		7,924
Net book value
At 30 September 2024	0		0
At 30 September 2023	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 October 2023	654,841		17,508		46,872		452,863		1,172,084
Disposals	0		( 900)		( 42,011)		0		( 42,911)
At 30 September 2024	654,841		16,608		4,861		452,863		1,129,173
Accumulated depreciation
At 01 October 2023	347,752		9,354		35,937		364,248		757,291
Charge for the financial year	15,353		1,208		1,022		29,392		46,975
Disposals	0		( 745)		( 32,629)		0		( 33,374)
At 30 September 2024	363,105		9,817		4,330		393,640		770,892
Net book value
At 30 September 2024	291,736		6,791		531		59,223		358,281
At 30 September 2023	307,089		8,154		10,935		88,615		414,793

5. Investment property

	Investment property
	£
Valuation
As at 01 October 2023	650,000
As at 30 September 2024	650,000

Valuation

The fair value of the Company’s investment property has been arrived at on the basis of valuations carried out on that date by the directors of the business. In carrying out their review, the directors have made assumptions in relation to rental yields and estimated future achievable rents.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2024		2023
	£		£
Historic cost	521,513		521,513

6. Debtors

	2024		2023
	£		£
Trade debtors	11,213		10,028
Prepayments and accrued income	12,155		12,229
Other debtors	689,328		810,551
	712,696		832,808

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	3,832		26,601
Other loans	0		122,003
Accruals	2,900		21,386
Taxation and social security	12,632		9,707
Other creditors	35,974		50,204
	55,338		229,901

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	( 46,328)		( 53,159)
Credited to the Statement of Income and Retained Earnings	5,598		6,831
At the end of financial year	( 40,730)		( 46,328)

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Shares ordinary shares of £ 1.00 each	100		100

10. Related party transactions

During the year, the Company traded with the following related parties:

-Burnt Wood Limited, which is controlled by R J W Paul, a director;
- Cutlers Wood Ltd, which is controlled by A J Paul, a director.

All transactions in relation to these related parties were carried out at an arms length. Loan balances between the entities are interest free and repayable on demand.