ACCOUNTS - Final Accounts

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01941455 2022-01-01 2022-12-31 01941455 2021-01-01 2021-12-31 01941455 2022-12-31 01941455 2021-12-31 01941455 c:Director3 2022-01-01 2022-12-31 01941455 d:Buildings 2022-12-31 01941455 d:Buildings 2021-12-31 01941455 d:Buildings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01941455 d:FurnitureFittings 2022-01-01 2022-12-31 01941455 d:FurnitureFittings 2022-12-31 01941455 d:FurnitureFittings 2021-12-31 01941455 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01941455 d:OfficeEquipment 2022-01-01 2022-12-31 01941455 d:OfficeEquipment 2022-12-31 01941455 d:OfficeEquipment 2021-12-31 01941455 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01941455 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 01941455 d:CurrentFinancialInstruments 2022-12-31 01941455 d:CurrentFinancialInstruments 2021-12-31 01941455 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01941455 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 01941455 d:ShareCapital 2022-12-31 01941455 d:ShareCapital 2021-12-31 01941455 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01941455 d:RetainedEarningsAccumulatedLosses 2022-12-31 01941455 d:RetainedEarningsAccumulatedLosses 2021-12-31 01941455 c:OrdinaryShareClass1 2022-01-01 2022-12-31 01941455 c:OrdinaryShareClass1 2022-12-31 01941455 c:OrdinaryShareClass1 2021-12-31 01941455 c:OrdinaryShareClass2 2022-01-01 2022-12-31 01941455 c:OrdinaryShareClass2 2022-12-31 01941455 c:OrdinaryShareClass2 2021-12-31 01941455 c:FRS102 2022-01-01 2022-12-31 01941455 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 01941455 c:FullAccounts 2022-01-01 2022-12-31 01941455 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 01941455 2 2022-01-01 2022-12-31 01941455 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01941455

Tianguis Limited

Unaudited

Financial statements

For the Year Ended 31 December 2022

Tianguis Limited

Registered number: 01941455

Balance sheet

As at 31 December 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		228,258		228,834
Investments	5		-		121,646
			228,258		350,480
Current assets
Debtors: amounts falling due within one year	6	645		1,637
Cash at bank and in hand	7	232,538		122,515
		233,183		124,152
Creditors: amounts falling due within one year	8	(656,804)		(672,804)
Net current liabilities			(423,621)		(548,652)
Total assets less current liabilities			(195,363)		(198,172)

Net liabilities			(195,363)		(198,172)

Capital and reserves
Called up share capital	9	5,945	5,945
Profit and loss account	10	(201,308)	(204,117)
		(195,363)	(198,172)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 August 2023.

................................................

P. Moreno de Smith

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

Tianguis Limited

Notes to the financial statements

For the Year Ended 31 December 2022

1.	General information

Tianguis Limited (the Company) is a limited company incorporated and domiciled in the United Kingdom. The address of its registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The principal activity of the company is that of an investment advisory company which also provides consultancy services to chemical and related industries.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The company is only able to trade with the continued support of the director. The director has indicated that this support will not be withdrawn. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from this support being withdrawn.

2.3

Revenue

Turnover comprises revenue recognised by the company in respect of rental income received during the year, exclusive of Value Added Tax.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

No depreciation is charged on freehold property as it is the company's policy to maintain these assets in a continuous state of sound repair and the directors believe that the residual value of these assets is considered such that any depreciation charged would not be material.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures & fittings	-	20% reducing balance
				Office equipment	-	20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

Tianguis Limited

Notes to the financial statements

For the Year Ended 31 December 2022

2.Accounting policies (continued)

2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

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, loans to related parties and investments in ordinary shares.

2.9

Creditors

Short term creditors are measured at the transaction price.

2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 3

Tianguis Limited

Notes to the financial statements

For the Year Ended 31 December 2022

4.	Tangible fixed assets

	Freehold property	Fixtures & fittings	Office equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2022	225,956	53,471	54,763	334,190
At 31 December 2022	225,956	53,471	54,763	334,190
Depreciation
At 1 January 2022	-	53,226	52,130	105,356
Charge for the year on owned assets	-	49	527	576
At 31 December 2022	-	53,275	52,657	105,932
Net book value
At 31 December 2022	225,956	196	2,106	228,258
At 31 December 2021	225,956	245	2,633	228,834

5.	Fixed asset investments

		Listed investments
		£
	Valuation
	At 1 January 2022	121,646
	Disposals	(121,646)
	At 31 December 2022	-

Debtors

					2022	2021
					£	£


Other debtors	645	1,637
	645	1,637

Page 4

Tianguis Limited

Notes to the financial statements

For the Year Ended 31 December 2022

7.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	232,538	122,515
	232,538	122,515

8.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Other creditors	654,404	670,404
Accruals and deferred income	2,400	2,400
	656,804	672,804

9.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

2 (2021 - 2) Ordinary shares of £1.00 each	2	2
10,000 (2021 - 10,000) Ordinary $1 shares of £0.59 each	5,943	5,943

	5,945	5,945

10.

Reserves

Profit & loss account

The profit and loss account includes all current and prior period retained profits and losses.

11.	Related party transactions
	During the year the company had an interest free loan from the director. The amount due to the director at the year end was £654,404 (2021: £670,404) which is included within Creditors. During the year the company received rental income of £4,000 (2021: £4,000) from Calpulli Inc. a company under common control.

12.	Controlling party

The company is under the control of its director.

Page 5