Company Registration No. 10868416 (England and Wales)
TYBEE LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
TYBEE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TYBEE LTD
Company Registration No. 10868416
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
33,001
101,863
Current assets
Debtors
5
469,264
484,575
Cash at bank and in hand
10,614
10,653
479,878
495,228
Creditors: amounts falling due within one year
6
(2,652)
(6,215)
Net current assets
477,226
489,013
Net assets
510,227
590,876
Capital and reserves
Called up share capital
7
420,000
570,000
Distributable profit and loss reserves
90,227
20,876
Total equity
510,227
590,876

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 9 December 2025 and are signed on its behalf by:
R Bailey
Director
TYBEE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Tybee Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Wood Lane, Rothwell, Leeds, West Yorkshire, LS26 0PB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for financial referral services.

Income is recognised in the period in which the service was supplied.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities 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.

1.5
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TYBEE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
Basic financial assets
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Basic financial liabilities
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
3,468
Depreciation and impairment
At 1 April 2024 and 31 March 2025
3,468
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
TYBEE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
33,001
101,863
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
101,863
Additions
6,546
Valuation changes
(8,489)
Disposals
(66,919)
At 31 March 2025
33,001
Carrying amount
At 31 March 2025
33,001
At 31 March 2024
101,863
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
103,131
103,131
Other debtors
366,133
381,444
469,264
484,575
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
3,701
Other creditors
2,652
2,514
2,652
6,215
TYBEE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £200 each
10,000
10,000
10,000
10,000
Ordinary B shares of £200 each
10,000
10,000
10,000
10,000
Ordinary C shares of £1000 each
400,000
550,000
400,000
550,000
420,000
570,000
420,000
570,000

8
Directors' benefits: advances, credits and guarantees

At the beginning of the year the director, R Bailey,owed £15 5,229 to the company. During the year advances totalling £27,500 was made to the director with no advance in excess of £10,000. Repayments by the director during the year totalled £38,400. Interest on the balance due to the company was calculated at 2.25% and totalled £2,981. At the balance sheet date the director owed £147,310 to the company.

At the beginning of the year the director, F Duncan, owed £158,4 21 to the company. During the year advances totalling £27,500 was made to the director with no advance in excess of £10,000. Repayments by the director during the year totalled £37,950. Interest on the balance due to the company was calculated at 2.25% and totalled £3,059. At the balance sheet date the director owed £15 1,029 to the company.

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