Registration number:
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Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW
Tamahine Investments Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Tamahine Investments Ltd
Company Information
Directors |
Mr M J C Bamford Mr S E R Ovens |
Registered office |
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Accountants |
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Page 1 |
Tamahine Investments Ltd
(Registration number: 01053018)
Balance Sheet as at 31 March 2019
Note |
2019 |
2018 |
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Current assets |
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Stocks |
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Debtors |
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Investments |
16,639,047 |
18,749,558 |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.
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.
Page 2 |
Tamahine Investments Ltd
(Registration number: 01053018)
Balance Sheet as at 31 March 2019
Approved and authorised by the
.........................................
Director
Page 3 |
Tamahine Investments Ltd
Notes to the Financial Statements for the Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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.
The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Salvage rights |
5% straight line |
Page 4 |
Tamahine Investments Ltd
Notes to the Financial Statements for the Year Ended 31 March 2019
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publically traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Financial instruments
Classification
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Recognition and measurement
Impairment
Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Page 5 |
Tamahine Investments Ltd
Notes to the Financial Statements for the Year Ended 31 March 2019
Intangible assets |
Salvage rights |
Total |
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Cost or valuation |
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At 1 April 2018 |
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At 31 March 2019 |
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Amortisation |
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At 1 April 2018 |
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At 31 March 2019 |
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Carrying amount |
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At 31 March 2019 |
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Stocks |
2019 |
2018 |
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Inventories |
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Debtors |
2019 |
2018 |
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Other debtors |
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Total current trade and other debtors |
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Page 6 |
Tamahine Investments Ltd
Notes to the Financial Statements for the Year Ended 31 March 2019
Current asset investments |
2019 |
2018 |
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Other investments |
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Listed investments
In accordance with the company's accounting policy, current asset investments are stated at fair value. The cost of these investments was £20,215,187 (31 March 2018 - £19,492,284) and the fair value of the investments at 31 March 2019 was £16,639,047 (31 March 2018 - £18,749,558). The revaluation losses of £2,833,414 (gains in 2018 - £1,353,395) have been taken to the profit and loss account for the year.
Creditors |
Creditors: Amounts falling due within one year
2019 |
2018 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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- |
Other creditors |
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Creditors: Amounts falling due after more than one year
2019 |
2018 |
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Directors loan account |
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No interest is charged on the directors loan account.
Page 7 |