Tango Holdings Limited 10278439 false 2022-01-01 2023-03-31 2023-03-31 The principal activity of the company is Letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 10278439 2022-01-01 2023-03-31 10278439 2023-03-31 10278439 bus:OrdinaryShareClass1 2023-03-31 10278439 core:CurrentFinancialInstruments 2023-03-31 10278439 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10278439 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10278439 core:FurnitureFittingsToolsEquipment 2023-03-31 10278439 core:LandBuildings 2023-03-31 10278439 core:MotorVehicles 2023-03-31 10278439 bus:SmallEntities 2022-01-01 2023-03-31 10278439 bus:AuditExemptWithAccountantsReport 2022-01-01 2023-03-31 10278439 bus:AbridgedAccounts 2022-01-01 2023-03-31 10278439 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2023-03-31 10278439 bus:RegisteredOffice 2022-01-01 2023-03-31 10278439 bus:Director1 2022-01-01 2023-03-31 10278439 bus:OrdinaryShareClass1 2022-01-01 2023-03-31 10278439 bus:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 10278439 core:FurnitureFittingsToolsEquipment 2022-01-01 2023-03-31 10278439 core:LandBuildings 2022-01-01 2023-03-31 10278439 core:MotorVehicles 2022-01-01 2023-03-31 10278439 countries:England 2022-01-01 2023-03-31 10278439 2021-12-31 10278439 core:FurnitureFittingsToolsEquipment 2021-12-31 10278439 core:LandBuildings 2021-12-31 10278439 core:MotorVehicles 2021-12-31 10278439 2021-01-01 2021-12-31 10278439 2021-12-31 10278439 bus:OrdinaryShareClass1 2021-12-31 10278439 core:CurrentFinancialInstruments 2021-12-31 10278439 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 10278439 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 10278439 core:FurnitureFittingsToolsEquipment 2021-12-31 10278439 core:LandBuildings 2021-12-31 10278439 core:MotorVehicles 2021-12-31 10278439 core:RevaluationReserve core:LandBuildings 2021-01-01 2021-12-31 10278439 core:LandBuildings 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10278439

Tango Holdings Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 1 January 2022 to 31 March 2023

 

Tango Holdings Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Tango Holdings Limited

Company Information

Director

Ms L M Rody

Registered office

Fairways Toft Road
Bourn
Cambridge
CB23 2TT

Accountants

DJM Accountants BLJ Limited
26 High Street
Rickmansworth
WD3 1ER

 

Tango Holdings Limited

(Registration number: 10278439)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2021
£

Fixed assets

 

Tangible assets

4

2,920,907

1,792,156

Current assets

 

Debtors

337,421

371,848

Cash at bank and in hand

 

341,526

64,460

 

678,947

436,308

Creditors: Amounts falling due within one year

(714,525)

(948,093)

Net current liabilities

 

(35,578)

(511,785)

Total assets less current liabilities

 

2,885,329

1,280,371

Creditors: Amounts falling due after more than one year

(2,201,452)

(614,528)

Net assets

 

683,877

665,843

Capital and reserves

 

Called up share capital

5

20

20

Revaluation reserve

252,043

252,043

Retained earnings

431,814

413,780

Shareholders' funds

 

683,877

665,843

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Tango Holdings Limited

(Registration number: 10278439)
Abridged Balance Sheet as at 31 March 2023

Approved and authorised by the director on 10 August 2023
 


Ms L M Rody
Director

 

Tango Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2022 to 31 March 2023

1

General information

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

The address of its registered office is:
Fairways Toft Road
Bourn
Cambridge
CB23 2TT

These financial statements were authorised for issue by the director on 10 August 2023.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Tango Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2022 to 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

2% on costs

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Tango Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2022 to 31 March 2023

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 the director) during the period, was 1 (2021 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2022

1,464,755

445,233

-

1,909,988

Additions

939,540

84,361

270,453

1,294,354

At 31 March 2023

2,404,295

529,594

270,453

3,204,342

Depreciation

At 1 January 2022

70,792

47,040

-

117,832

Charge for the period

-

97,990

67,613

165,603

At 31 March 2023

70,792

145,030

67,613

283,435

Carrying amount

At 31 March 2023

2,333,503

384,564

202,840

2,920,907

At 31 December 2021

1,393,963

398,193

-

1,792,156

Included within the net book value of land and buildings above is £2,333,503 (2021 - £1,393,964) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

2023

2021

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         
 

Tango Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2022 to 31 March 2023

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

252,043

252,043