Tigre Project Developments Limited Accounts

TIGRE PROJECT DEVELOPMENTS LIMITED - Company Information






Tigre Project Developments Limited

	Company No. 10868469
		Information for Filing with The Registrar
		31 July 2023

The Directors present their report and the accounts for the year ended 31 July 2023.

Principal activities
The principal activity of the company during the year under review was that of a holding company.




Directors

The Directors who served at any time during the year were as follows:

A.D. Hastings
R.A. Hastings
R.A. Roberts			(Resigned 31 July 2023)





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R.A. Hastings
Director
20 November 2023

at	31 July 2023
Company No.		10868469	Notes	2023	2022
					As restated
				£	£
Fixed assets



	Investments		5	-	1,747
				-	1,747
Current assets

	Debtors		6	810,000	817,064

	Cash at bank and in hand			2,151	9
				812,151	817,073
Creditors: Amount falling due within one year			7	(2,393)	(910)
Net current assets				809,758	816,163
Total assets less current liabilities				809,758	817,910




Net assets				809,758	817,910

Capital and reserves
	Called up share capital			1,000	1,000
	Share premium account		9	1,599,000	1,599,000


	Profit and loss account		9	(790,242)	(782,090)

Total equity				809,758	817,910



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 20 November 2023 and signed on its behalf by:
R.A. Hastings
Director
20 November 2023

for the year ended 31 July 2023

General information

Tigre Project Developments Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 10868469

Its registered office is:

C/O External Services Ltd

Central House 20 Central Ave

St. Andrews Business Park

Norwich

NR7 0HR

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Prior year adjustment

Unpaid share capital previously recorded as cash held on deposit has been reclassified as other debtors as was incorrectly recorded as held within a solicitor's client account.

4	Employees
			2023	2022
			Number	Number
		The average monthly number of employees (including directors) during the year was:	3	3

5	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 August 2022	1,747	1,747


		Disposals	(1,747)	(1,747)
		At 31 July 2023	-	-
		Provisions/Impairment





		Net book values
		At 31 July 2023	-	-
		At 31 July 2022	1,747	1,747

		During the year the company's subsidiary, Tigre Project1 Limited was dissolved. The company recognised a distribution in excess of cost of £580 on dissolution and is recorded within other income.

6	Debtors
			2023	2022
				As restated
			£	£






		Other debtors	810,000	816,078
		Prepayments and accrued income	-	986
			810,000	817,064

7	Creditors:
		amounts falling due within one year
			2023	2022
			£	£




		Trade creditors	1,373	160




		Accruals and deferred income	1,020	750
			2,393	910

Share Capital

The company has 500,000 £0.001 A Ordinary shares issued at £3.199 per share, of these 153,125 are fully paid up and 346,875 are partially paid, the uncalled amounts are shown within other debtors. The company has 500,000 £0.001 B Ordinary shares paid up at par.

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.