REGISTERED NUMBER: 05798512 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Tiki Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

ARC Champion

Mrs M P Champion

SECRETARY:

Mrs M P Champion

REGISTERED OFFICE:

Overleigh House

55 Overleigh

Street

Somerset

BA16 0TJ

REGISTERED NUMBER:

05798512 (England and Wales)

ACCOUNTANTS:

PennyBooks Limited

126 New Kings Road

London

SW6 4LZ

FIXED ASSETS

Tangible assets

4

1

1

Investment property

5

893,000

893,000

893,001

893,001

CURRENT ASSETS

Debtors

6

5,979

6,732

Cash at bank

925

2,155

6,904

8,887

CREDITORS

Amounts falling due within one year

137,030

124,954

NET CURRENT LIABILITIES

(130,126

)

(116,067

)

TOTAL ASSETS LESS CURRENT LIABILITIES

762,875

776,934

CREDITORS

Amounts falling due after more than one year

7

611,684

611,803

NET ASSETS

151,191

165,131

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

150,941

164,881

SHAREHOLDERS' FUNDS

151,191

165,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 November 2025 and were signed on its behalf by:

ARC Champion - Director

1.	STATUTORY INFORMATION

Tiki Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced rentals.

Tangible fixed assets

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

Plant and equipment

-

33% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

and 30 April 2025

24,481

DEPRECIATION

At 1 May 2024

and 30 April 2025

24,480

NET BOOK VALUE

At 30 April 2025

1

At 30 April 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

893,000

NET BOOK VALUE

At 30 April 2025

893,000

At 30 April 2024

893,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2014

1,213,409

Valuation in 2015

40,000

Valuation in 2016

74,813

Valuation in 2018

(200,000

)

Valuation in 2019

(295,000

)

Valuation in 2023

59,778

893,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

893,000

893,000

The investment properties were valued on an open market basis basis on 30 April 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

-

1,479

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.25

30.4.24

£

£

Repayable otherwise than by instalments

Mortgages

611,684

611,803

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Mortgages

611,684

611,803

The mortgages falling due after more than 1 year are secured on the freehold properties.

9.	RELATED PARTY DISCLOSURES

The company is under the ultimate control of Mr ARC Champion and Mrs MP Champion.

The investment properties were purchased for and on behalf of Tiki Properties Limited by the directors and shareholders by way of a bare trust relationship to the company, which is a beneficiary in accordance with S60 of the Taxes and Capital Gains Act 1992 to which tax guidance note CG34360 refers, such beneficial interest also having been registered at HM Land Registry.