Tiger Blue Travel Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08470961 (England and Wales)

Financial Statements for the Year Ended 30th March 2021

for

Tiger Blue Travel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Foster

J M A Foster

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

08470961 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

CURRENT ASSETS

Debtors

4

5,901

-

Cash at bank

6,462

11,433

12,363

11,433

CREDITORS

Amounts falling due within one year

5

307,920

256,339

NET CURRENT LIABILITIES

(295,557

)

(244,906

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(295,557

)

(244,906

)

CREDITORS

Amounts falling due after more than one year

6

48,200

-

NET LIABILITIES

(343,757

)

(244,906

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(343,758

)

(244,907

)

SHAREHOLDERS' FUNDS

(343,757

)

(244,906

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2021 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 12th March 2022 and were signed on its behalf by:

N A Foster - Director

1.	STATUTORY INFORMATION

Tiger Blue Travel 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.

Government grants

Government grants in relation to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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.

Going concern

The company would have been profitable in the year if it had not been affected by the impact of the COVID-19 pandemic and continues to be severely affected during the current year. The negative balance sheet has to date been supported by a group undertaking which is not expected to be withdrawn and by other loans on which no demand for repayment has been received. In the circumstances, the directors still consider the company to be a going concern and the accounts have been prepared on that basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors and prepayments

5,901

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

1,800

-

Other loans

89,681

-

Trade creditors

1,820

-

Other creditors and accruals

214,619

256,339

307,920

256,339

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

48,200

-

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Nigel Foster FURBS.