Tortin Capital Management Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05438315 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2017

FOR

TORTIN CAPITAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

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

Pimlico

London

SW1V 4PS

CURRENT ASSETS

Investments

4

752,809

682,142

Cash at bank

15,230

9,934

768,039

692,076

CREDITORS

Amounts falling due within one year

5

134,739

139,758

NET CURRENT ASSETS

633,300

552,318

TOTAL ASSETS LESS CURRENT LIABILITIES

633,300

552,318

PROVISIONS FOR LIABILITIES

6

64,669

57,823

NET ASSETS

568,631

494,495

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

568,629

494,493

SHAREHOLDERS' FUNDS

568,631

494,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29th March 2018 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

First year adoption

This is the first year that the company has presented its results under FRS 102. The last financial statements

under UK GAAP were for the year ended 30th June 2016. The date of transition to FRS 102 was 1st July 2016.

The only transitional adjustment is in respect of investments being shown at market value as opposed to cost.

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 (2016 - 1 ) .

4.	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.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Directors' current accounts

123,687

130,361

Accruals and deferred income

11,052

9,397

134,739

139,758

6.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

64,669

57,823

Deferred

tax

£

Balance at 1st July 2016

57,823

Provided during year

6,846

Balance at 30th June 2017

64,669

Deferred tax

The deferred tax provision arises on the unrealised gain on the revaluation of the current asset investments in

accordance with FRS102 1A.

7.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Tortin Capital Management Limited for the year ended 30th June 2017 which comprise the

Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tortin Capital Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tortin Capital Management Limited and state those matters that we have agreed to state to the director of Tortin Capital Management Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tortin Capital Management Limited and its director for our work or for this report.

It is your duty to ensure that Tortin Capital Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tortin Capital Management Limited. You consider that Tortin Capital Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tortin Capital Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

George Hay & Company

Chartered Accountants

83 Cambridge Street

Pimlico

London

SW1V 4PS

29th March 2018