REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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FOR |
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TIGACA LIMITED |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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FOR |
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TIGACA LIMITED |
TIGACA LIMITED (REGISTERED NUMBER: 05562372) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
TIGACA LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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TIGACA LIMITED (REGISTERED NUMBER: 05562372) |
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ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
TIGACA LIMITED (REGISTERED NUMBER: 05562372) |
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ABBREVIATED BALANCE SHEET - continued |
30 SEPTEMBER 2015 |
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The financial statements were approved by the director on
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TIGACA LIMITED (REGISTERED NUMBER: 05562372) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investment property |
Investment properties are shown at their open market value. The surplus or deficit arising from the |
annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, |
on an individual investment property is expected to be permanent, in which case it is recognised in the |
profit and loss account for the year. |
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This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) |
which, unlike the Companies Act 2006, does not require depreciation of investment properties. |
Investment properties are held for their investment potential and not for use by the company and so |
their current value is of prime importance. The departure from the provisions of the Act is required in |
order to give a true and fair view. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date where transactions or events have occurred at that date that will result in an |
obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: |
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Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of |
fixed assets and gains on disposals of fixed assets that have been rolled over into replacement assets, |
only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets |
concerned. However, no provision is made where, on the basis of all available evidence at the balance |
sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets |
and charged to tax only when the replacement assets are sold; |
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Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
periods in which the timing differences reverse, based on tax rates and laws enacted or substantively |
enacted at the balance sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
TIGACA LIMITED (REGISTERED NUMBER: 05562372) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2014 |
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Additions |
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At 30 September 2015 |
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DEPRECIATION |
At 1 October 2014 |
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Charge for year |
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At 30 September 2015 |
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NET BOOK VALUE |
At 30 September 2015 |
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At 30 September 2014 |
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3. | INVESTMENT PROPERTY |
Total |
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COST |
Additions |
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At 30 September 2015 |
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NET BOOK VALUE |
At 30 September 2015 |
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The property was valued at open market value by the director at 30 September 2015. |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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5. | TRANSACTIONS WITH DIRECTORS |
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Other creditors include an amount of £43 (2014: £819) due to R K Alexander, a director of the |
company. During the year the maximum amount owing to the company by the director was £3,418. |
There are no set terms of repayment and no interest is due on the loan at the year end. |