Tortin Capital Management Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05438315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2022

FOR

TORTIN CAPITAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R A Mapstone

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

05438315 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

8,040

8,040

CURRENT ASSETS

Investments

5

473,364

911,083

Cash at bank

5,060

7,471

478,424

918,554

CREDITORS

Amounts falling due within one year

6

153,050

157,327

NET CURRENT ASSETS

325,374

761,227

TOTAL ASSETS LESS CURRENT LIABILITIES

333,414

769,267

PROVISIONS FOR LIABILITIES

7

-

97,629

NET ASSETS

333,414

671,638

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

333,412

671,636

SHAREHOLDERS' FUNDS

333,414

671,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 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 8th June 2023 and were signed by:

R A Mapstone - Director

1.	STATUTORY INFORMATION

Tortin Capital 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

Turnover

Turnover represents the amounts derived from trading activities from the company's principal activity

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Foreign currencies

Cost and revenues arising during the year are translated at an average rate for the period.

Monetary assets and liabilities are translated at the rate ruling at the balance sheet date.

All differences are dealt with through the profit and loss accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st July 2021

and 30th June 2022

8,040

NET BOOK VALUE

At 30th June 2022

8,040

At 30th June 2021

8,040

5.	CURRENT ASSET INVESTMENTS

Current asset investments are shown at their fair value at the balance sheet date. Unrealised gains/(losses) are put through the profit and loss account. Deferred tax is accounted for on the unrealised gain or loss and put through the profit and loss account.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Directors' current accounts

140,241

142,592

Accruals and deferred income

12,809

14,735

153,050

157,327

7.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

-

97,629

Deferred

tax

£

Balance at 1st July 2021

97,629

Credit to Statement of Income and Retained Earnings during year

(97,629

)

Balance at 30th June 2022

-

Deferred tax

The deferred tax provision arises on the unrealised gain on the revaluation of the current asset investments in accordance with FRS102 1A.

8.	ULTIMATE CONTROLLING PARTY