Tide Management Limited - Period Ending 2018-03-31

Registration number: 04339559

Tide Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Tide Management Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 4

Tide Management Limited

(Registration number: 04339559)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Investments	4	100	100
Current assets
Debtors	5	1,725	1,725
Creditors: Amounts falling due within one year	6	(2,288)	(1,975)
Net current liabilities		(563)	(250)
Total assets less current liabilities		(463)	(150)
Creditors: Amounts falling due after more than one year	6	(2,599)	(2,599)
Net liabilities		(3,062)	(2,749)
Capital and reserves
Called up share capital		400	400
Profit and loss account		(3,462)	(3,149)
Total equity		(3,062)	(2,749)

For the financial year ending 31 March 2018 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 November 2018 and signed on its behalf by:
 

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

J Mittens
Director

The notes on pages 2 to 4 form an integral part of these financial statements.

Page 1

Tide Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

Page 2

Tide Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

4	Investments

	2018 £	2017 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 April 2017	100
Provision
Carrying amount
At 31 March 2018	100
At 31 March 2017	100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2018	2017

Subsidiary undertakings
Tide Communications Limited		Ordinary	100%	100%
	England

The principal activity of Tide Communications Limited is telecommunications and services.

The loss for the financial period of Tide Communications Limited was £313 and the aggregate amount of capital and reserves at the end of the period was £(61,537).

Page 3

Tide Management Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

5

Debtors

	Note	2018 £	2017 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	1,325	1,325
Other debtors		400	400
		1,725	1,725

6

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Amounts owed to related undertakings	1,738	1,475
Other creditors	550	500
	2,288	1,975

Creditors: amounts falling due after more than one year

	2018 £	2017 £
Due after one year
Other non-current financial liabilities	2,599	2,599

7	Related party transactions

Tide Communications Limited (a subsidiary company). At the balance sheet date the amount due from Tide Communications Limited was £1,325 (2017: £1,325).

Saiph Communications Limited (a company of which J Mittens is a significant shareholder). At the balance sheet date the amount due to Saiph Communications Limited was £1,451 (2017: £1,451).

Page 4