REGISTERED NUMBER: 03078645 (England and Wales)

TIDEWAY INVESTMENT MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

D P John

Mrs V J John

M G Burbage

J P Kennedy

P Wheatley

Ms J Fleming

Miss C M Mayer

A C Gulliford

SECRETARY:

Mrs V J John

REGISTERED OFFICE:

6 Deanery Street

Mayfair

London

W1K 1BA

REGISTERED NUMBER:

03078645 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

4

29,764

6,572

Investments

5

100

100

29,864

6,672

CURRENT ASSETS

Debtors

6

603,339

629,621

Cash at bank and in hand

501,389

555,233

1,104,728

1,184,854

CREDITORS

Amounts falling due within one year

7

(476,042

)

(466,868

)

NET CURRENT ASSETS

628,686

717,986

TOTAL ASSETS LESS CURRENT LIABILITIES

658,550

724,658

PROVISIONS FOR LIABILITIES

(114,145

)

(108,305

)

NET ASSETS

544,405

616,353

CAPITAL AND RESERVES

Called up share capital

310

310

Share premium

2,445

2,445

Capital redemption reserve

100

100

Retained earnings

541,550

613,498

SHAREHOLDERS' FUNDS

544,405

616,353

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

D P John - Director

1.	STATUTORY INFORMATION

Tideway Investment Management 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 Tideway Investment Management 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.

Turnover

Turnover represents the fair value of consideration receivable for services provided in the ordinary nature of the business, excluding Value Added Tax.

Tangible fixed assets

Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery etc - 33% on cost and 25% on cost

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the income statement and is included in administrative expenses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest rate method. The company does not have any non-basic financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

133,427

Additions

34,082

Disposals

(24,086

)

At 31 March 2025

143,423

DEPRECIATION

At 1 April 2024

126,855

Charge for year

10,890

Eliminated on disposal

(24,086

)

At 31 March 2025

113,659

NET BOOK VALUE

At 31 March 2025

29,764

At 31 March 2024

6,572

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

T W Resources Limited

Registered office: 6 Deanery Street, Mayfair, London, W1K 1BA

Nature of business: Property management maintenance services

%

Class of shares:

holding

Ordinary A

100.00

2025

2024

£

£

Aggregate capital and reserves

11,241

5,952

Profit for the year

21,289

33,156

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

49,437

51,039

Amounts owed by group undertakings

50,617

34,617

Other debtors

503,285

543,965

603,339

629,621

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

126,046

79,394

Taxation and social security

274,120

304,740

Other creditors

75,876

82,734

476,042

466,868

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

105,878

102,617

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date a director had interest free loans totalling £289,883 (2024: £290,740). During the year advances totalling £381,143 were made and repayments of £382,000 recorded.

10.	RELATED PARTY DISCLOSURES

During the year, the following dividends were paid to related parties:-

-£275,000 (2024: £273,000) to D P John, a director of the company.

-£107,000 (2024: £70,000) to Ms V J John, a director in the company.

-£11,000 (2024: £11,000) to Trusts of which D P John and Mrs V J John, are both directors of the company, are trustees.

Included in debtors are amounts totalling £50,617 (2024: £34,617) in respect of amounts due from TW Resources Limited, a wholly owned subsidiary, in respect of services provided.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D P John, by virtue of holding the majority of the shares in the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tideway Investment Management Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tideway Investment Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tideway Investment Management Limited and state those matters that we have agreed to state to the Board of Directors of Tideway Investment Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tideway Investment Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tideway Investment Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tideway Investment Management Limited. You consider that Tideway Investment Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tideway Investment Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

30 October 2025