Tiger Financial & Asset Management Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06202676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

Tiger Financial & Asset Management

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K J Halford

SECRETARY:

K J Halford

REGISTERED OFFICE:

Elmgarth

Moulton Lane

Boughton

Northampton

NN2 8RG

REGISTERED NUMBER:

06202676 (England and Wales)

ACCOUNTANTS:

David Gill & Co

Business Development Centre

Elizabeth House

1c Barclay Court

Kirkcaldy

Fife

KY1 3WE

FIXED ASSETS

Tangible assets

4

1,059

2,294

CURRENT ASSETS

Debtors

5

-

24,416

Cash at bank

258,696

559,033

258,696

583,449

CREDITORS

Amounts falling due within one year

6

123,060

193,812

NET CURRENT ASSETS

135,636

389,637

TOTAL ASSETS LESS CURRENT LIABILITIES

136,695

391,931

CREDITORS

Amounts falling due after more than one year

7

10,000

10,000

NET ASSETS

126,695

381,931

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

126,095

381,331

SHAREHOLDERS' FUNDS

126,695

381,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 May 2020 and were signed by:

K J Halford - Director

1.	STATUTORY INFORMATION

Tiger Financial & Asset 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 machinery etc

-

33% on reducing balance and 25% on reducing balance

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 NIL (2018 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

and 30 June 2019

11,866

DEPRECIATION

At 1 July 2018

9,572

Charge for year

1,235

At 30 June 2019

10,807

NET BOOK VALUE

At 30 June 2019

1,059

At 30 June 2018

2,294

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

as restated

£

£

Trade debtors

-

24,416

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

as restated

£

£

Trade creditors

2

-

Taxation and social security

99,162

87,815

Other creditors

23,896

105,997

123,060

193,812

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

as restated

£

£

Other creditors

10,000

10,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Directors subordinated loan

10,000

10,000