TIVEJOLEN LIMITED Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 02905758

TIVEJOLEN LIMITED

Filleted Unaudited Financial Statements

31 March 2021

TIVEJOLEN LIMITED

Statement of Financial Position

31 March 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	4	4,057,081	4,055,305
Investments	5	383,769	333,769
		------------	------------
		4,440,850	4,389,074

Current assets

Debtors	6	16,524	13,735
Cash at bank and in hand		82,554	83,260
		--------	--------
		99,078	96,995

Creditors: amounts falling due within one year	7	1,504,997		1,580,154
		------------		------------
Net current liabilities			1,405,919	1,483,159
			------------	------------
Total assets less current liabilities			3,034,931	2,905,915

Creditors: amounts falling due after more than one year	8	1,425,510	1,448,201
		------------	------------
Net assets		1,609,421	1,457,714
		------------	------------

TIVEJOLEN LIMITED

Statement of Financial Position (continued)

31 March 2021

	2021		2020
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,609,321	1,457,614
	------------	------------
Shareholders funds	1,609,421	1,457,714
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 19 October 2021 , and are signed on behalf of the board by:

Mr B Nanthabalan

Director

Company registration number: 02905758

TIVEJOLEN LIMITED

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 22 Jeeva Mansions, Shacklewell Lane, London, N16 7RW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixturs and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Freehold land and building - Depreciation not provided Leasehold land and building - Depreciation not provided

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

4. Tangible assets

	Freehold property	Long leasehold property	Fixtures and fittings	Equipment	Property development	Total
	£	£	£	£	£	£
Cost
At 1 Apr 2020	2,558,674	786,730	18,649	–	708,607	4,072,660
Additions	–	–	–	2,800	–	2,800
	------------	---------	--------	-------	---------	------------
At 31 Mar 2021	2,558,674	786,730	18,649	2,800	708,607	4,075,460
	------------	---------	--------	-------	---------	------------
Depreciation
At 1 Apr 2020	–	–	17,355	–	–	17,355
Charge for the year	–	–	324	700	–	1,024
	------------	---------	--------	-------	---------	------------
At 31 Mar 2021	–	–	17,679	700	–	18,379
	------------	---------	--------	-------	---------	------------
Carrying amount
At 31 Mar 2021	2,558,674	786,730	970	2,100	708,607	4,057,081
	------------	---------	--------	-------	---------	------------
At 31 Mar 2020	2,558,674	786,730	1,294	–	708,607	4,055,305
	------------	---------	--------	-------	---------	------------

5. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2020	81,162	252,607	333,769
Additions	–	50,000	50,000
	--------	---------	---------
At 31 March 2021	81,162	302,607	383,769
	--------	---------	---------
Impairment
At 1 April 2020 and 31 March 2021	–	–	–
	--------	---------	---------

Carrying amount
At 31 March 2021	81,162	302,607	383,769
	--------	---------	---------
At 31 March 2020	81,162	252,607	333,769
	--------	---------	---------

6. Debtors

	2021	2020
	£	£
Other debtors	16,524	13,735
	--------	--------

7. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	94,000	108,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest	889,309	889,309
Corporation tax	35,235	30,058
Other creditors	486,453	552,787
	------------	------------
	1,504,997	1,580,154
	------------	------------

Bank loans of £94,000 (2020 - £108,000) are secured by fixed and floating charges over company's assets present and future.

8. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Bank loans and overdrafts	1,425,510	1,448,201
	------------	------------

Bank loans of £1,425,510 (2020 - £1,448,201) are secured by fixed and floating charges over the company's assets present and future.