Tiga Investments (Henleaze) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04331265 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

TIGA INVESTMENTS (HENLEAZE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P M Fox

S B Morgan

Mrs V J Fox

Mrs E L T F Morgan

SECRETARY:

P M Fox

REGISTERED OFFICE:

2 Oakfield Road

Clifton

Bristol

BS8 2AL

REGISTERED NUMBER:

04331265 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

FIXED ASSETS

Investments

4

351,000

300,000

Investment property

5

1,000,000

1,000,000

1,351,000

1,300,000

CURRENT ASSETS

Debtors

6

128,164

6,739

Cash at bank

31,797

20,967

159,961

27,706

CREDITORS

Amounts falling due within one year

7

397,699

265,512

NET CURRENT LIABILITIES

(237,738

)

(237,806

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,113,262

1,062,194

PROVISIONS FOR LIABILITIES

8

31,789

31,789

NET ASSETS

1,081,473

1,030,405

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

433,751

433,751

Retained earnings

647,622

596,554

1,081,473

1,030,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 19 May 2021 and were signed on its behalf by:

S B Morgan - Director

1.	STATUTORY INFORMATION

Tiga Investments (Henleaze) 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2020

300,000

Additions

51,000

At 31 December 2020

351,000

NET BOOK VALUE

At 31 December 2020

351,000

At 31 December 2019

300,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

and 31 December 2020

1,000,000

NET BOOK VALUE

At 31 December 2020

1,000,000

At 31 December 2019

1,000,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out by P M Fox and S B Morgan, directors and shareholders of the company. They have determined that the existing market value of £1,000,000 remains appropriate.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Amounts owed by associates

121,425

-

Other debtors

6,739

6,739

128,164

6,739

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Amounts owed to associates

172,438

-

Tax

11,979

11,067

VAT

3,654

3,485

Directors' current accounts

131,702

191,702

Deferred income

19,321

17,336

Accrued expenses

58,605

41,922

397,699

265,512

8.	PROVISIONS FOR LIABILITIES

31.12.20

31.12.19

£

£

Deferred tax

31,789

31,789

Deferred

tax

£

Balance at 1 January 2020

31,789

Balance at 31 December 2020

31,789

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

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 Tiga Investments (Henleaze) Limited for the year ended 31 December 2020 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 Tiga Investments (Henleaze) 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 Tiga Investments (Henleaze) Limited and state those matters that we have agreed to state to the Board of Directors of Tiga Investments (Henleaze) 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 Tiga Investments (Henleaze) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tiga Investments (Henleaze) 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 Tiga Investments (Henleaze) Limited. You consider that Tiga Investments (Henleaze) 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 Tiga Investments (Henleaze) 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.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

25 May 2021