REGISTERED NUMBER: 08254922 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

TANYGRAIG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

D K Mckay

Secretary:

S J Tidemann

Registered office:

Unit 5

Swan Business Park

Sandpit Road

Dartford

Kent

DA1 5ED

Registered number:

08254922 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Investments

5

2,339,715

2,339,715

Current assets

Debtors

6

1,018,134

-

Cash at bank

6,909

7,089

1,025,043

7,089

Creditors

Amounts falling due within one year

7

3,225,231

3,232,083

Net current liabilities

(2,200,188

)

(3,224,994

)

Total assets less current liabilities

139,527

(885,279

)

Capital and reserves

Called up share capital

8

9,644

9,644

Share premium

11,229

11,229

Retained earnings

118,654

(906,152

)

Shareholders' funds

139,527

(885,279

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:

D K Mckay - Director

1.	Statutory information

Tanygraig Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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" and the Companies Act 2006, including provisions of section 1A Small entities.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

As at year end the company has net current liabilities. The company is dependent, in the absence of other funding, on the continued financial support from other group company's. The group company has confirmed its commitment to provide the necessary support by providing adequate facilities. On that basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and

operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include amounts owed by group undertakings and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including other creditors and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Preparation of consolidated financial statements

The financial statements contain information about Tanygraig Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Functional and presentation currency

The company's functional and presentational currency is GBP.

Foreign transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rate at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Income from shares in group undertakings

Income from shares in group undertakings relates to dividends receivable from the companys subsidiary. The dividend is recognised when the dividend it approved.

4.	Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

2,339,715

Net book value

At 31 December 2024

2,339,715

At 31 December 2023

2,339,715

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by group undertakings

1,018,134

-

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Amounts owed to group undertakings

3,225,201

3,232,053

Accruals and deferred income

30

30

3,225,231

3,232,083

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,446

Ordinary

£1

5,446

5,446

4,198

Ordinary A

£1

4,198

4,198

9,644

9,644

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)

for and on behalf of S&W Audit

10.	Ultimate controlling party

Tanygraig Limited is a wholly owned subsidiary of Carina UK Holdco Limited, a company registered in the UK.

The ultimate parent company and controlling party is Constellation Software Inc, a company incorporated in Canada and listed on the Toronto Stock Exchange. The smallest and largest consolidated accounts which include Tanygraig Limited are the Constellation Software Inc. group accounts.

The consolidated accounts of Constellation Software Inc are available to the public and may be obtained from Constellation Software Inc. 1200-20 Adelaide Street, East Toronto, ON M5C 2T6, Canada.