REGISTERED NUMBER: 14975276 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Tinhay Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N M Sorrell

R Sorrell

REGISTERED OFFICE:

Unit G

Tinhay Industrial Estate

Lifton

Devon

PL16 0AH

REGISTERED NUMBER:

14975276 (England and Wales)

ACCOUNTANTS:

Sovereign Accounting Solutions

Chartered Accountants and Business Advisers

Unit 9

Moorland Road Industrial Park

Moorland Road, Indian Queens

St Columb

Cornwall

TR9 6FB

FIXED ASSETS

Investments

4

1,399,804

1,399,804

CURRENT ASSETS

Cash at bank and in hand

385

2,040

CREDITORS

Amounts falling due within one year

5

379,115

435,929

NET CURRENT LIABILITIES

(378,730

)

(433,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,021,074

965,915

CREDITORS

Amounts falling due after more than one year

6

550,000

675,000

NET ASSETS

471,074

290,915

CAPITAL AND RESERVES

Called up share capital

40,040

40,040

Retained earnings

8

431,034

250,875

SHAREHOLDERS' FUNDS

471,074

290,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:

R Sorrell - Director

1.	STATUTORY INFORMATION

Tinhay Holdings 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Tinhay Holdings 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

1,399,804

NET BOOK VALUE

At 31 January 2025

1,399,804

At 31 January 2024

1,399,804

The above investment represents 100% of the issued share capital of Tinhay Building Supplies Limited, company number 03679331.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Amounts owed to group undertakings

43,752

259,804

Other creditors

335,363

176,125

379,115

435,929

Amounts owed to group undertakings shown above represents the amount due to the company's subsidiary, Tinhay Building Supplies Limited, at the year end.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Other creditors

550,000

675,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

50,000

175,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Other loans

675,000

850,000

8.

RESERVES

Group retained reserves at 31st January 2025:

Tinhay Holdings Limited £431,034 (2024 - £250,875)

Tinhay Building Supplies Limited £234,585 (2024 - £510,905)

Total Group retained reserves £665,619 (2024 - £761,780)