BrightAccountsProduction v1.0.0 v1.0.0 2024-03-21 The company was not dormant during the period The company was trading for the entire period Property development. 26 June 2025 1 15583077 2024-12-31 15583077 2024-03-20 15583077 2024-03-21 2024-12-31 15583077 uk-bus:PrivateLimitedCompanyLtd 2024-03-21 2024-12-31 15583077 uk-curr:PoundSterling 2024-03-21 2024-12-31 15583077 uk-bus:AbridgedAccounts 2024-03-21 2024-12-31 15583077 uk-core:ShareCapital 2024-12-31 15583077 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 15583077 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 15583077 uk-bus:FRS102 2024-03-21 2024-12-31 15583077 uk-bus:Audited 2024-03-21 2024-12-31 15583077 uk-core:ParentEntities 2024-03-21 2024-12-31 15583077 uk-core:UltimateParent 2024-03-21 2024-12-31 15583077 uk-countries:Malta 2024-03-21 2024-12-31 15583077 uk-bus:Director1 2024-03-21 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares

Tide Developments (9) Limited

Abridged Financial Statements

for the financial period from 21 March 2024 (date of incorporation) to 31 December 2024

Tide Developments (9) Limited

Company Registration Number: 15583077

ABRIDGED BALANCE SHEET

as at 31 December 2024

|  |  | Dec 24
|  | Notes | £
Current Assets

Stocks |  |  | 4,678,265
Debtors |  |  | 901,633
|  |  | ─────────
|  |  | 5,579,898
|  |  | ─────────
Creditors: amounts falling due within one year |  |  | (5,582,157)
|  |  | ─────────
Net Current Liabilities |  |  | (2,259)
|  |  | ─────────
Total Assets less Current Liabilities |  |  | (2,259)
|  |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100
Retained earnings |  |  | (2,359)
|  |  | ─────────
Equity attributable to owners of the company |  |  | (2,259)
|  |  | ═════════
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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

Approved by the Director and authorised for issue on 26 June 2025

________________________________ |  |  |
John Fleming |  |  |
Director |  |  |

Tide Developments (9) Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period from 21 March 2024 (date of incorporation) to 31 December 2024

1. | General Information
| Tide Developments (9) Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 15583077. The registered office of the company is 5th Floor, 62-64 Baker Street, London, W1U 7DF, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial period ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Construction contracts
| Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amounts of revenue are included in creditors. Where it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately. Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recovered. Where third party certificates are not available, the "percentage of completion method" is used to determine the appropriate amounts to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered.
| Stocks
| Work in progress Work in progress comprises properties currently being developed, stated at the lower of cost and net realisable value. Net realisable value is defined as the current selling price of the completed development less all further costs to completion as estimated by the director. Cost comprises purchase price and all development costs. Cost also includes interest and finance fees which are capitalised from the date of active commencement of the development until the development is completed. However, capitalisation of interest is suspended during extended periods in which active development is interrupted. Interest is calculated by reference to specific borrowings. Work in progress represents costs incurred, net of amounts transferred to cost of sales, less forseeable losses. Development land and completed developments Properties held for sale, on which no further development is anticipated, are stated at the lower of cost and net realisable value. At each reporting date, as 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.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Period of financial statements
| The financial statements are for the 9 month 11 days period from 21 March 2024 (date of incorporation) to 31 December 2024.

4. | INFORMATION RELATING TO THE AUDITOR'S REPORT
| The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
| The financial statements were audited by Crowley Young.
| The Auditor's Report was signed by Crowley Young on 26th June 2025.

5. | Provisions Available for Audits of Small Entities
| In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to Her Majesty's Revenue and Customs and to assist with the preparation of the financial statements.

6. | Statement on previous periods
| The company did not present financial statements for previous periods.

7. | Employees
| The average monthly number of employees, including director, during the financial period was 1, (Mar 24 - 0).
|  | Dec 24
|  | Number
| Management | 1
|  | ═════════

8. | Capital commitments
| The company had no material capital commitments at the financial period-ended 31 December 2024.

9. | Parent and ultimate parent company
| The company is wholly owned by Furadino Holdings Limited, a company incorporated in the United Kingdom.
| The companys ultimate parent undertaking is Lewisrock Limited, a company registered in Malta.
| The smallest group in which the results of the company are consolidated is that headed by Furadino Holdings Limited.

10. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial period-end.