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Company Registration No. 11143176 (England and Wales)
Tate Estates Limited Unaudited accounts for the year ended 31 October 2022
Tate Estates Limited Unaudited accounts Contents
Page
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Tate Estates Limited Company Information for the year ended 31 October 2022
Director
Mr Shane Tate
Company Number
11143176 (England and Wales)
Registered Office
Osborne House 20 Victoria Avenue Harrogate North Yorkshire HG1 5QY United Kingdom
Accountants
John Shackleton & Co Ltd, 10 Claro Court Business Centre Claro Road Harrogate North Yorkshire HG1 4BA
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Tate Estates Limited Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investments
52 
2 
Current assets
Inventories
114,639 
144,467 
Debtors
367,561 
900 
Cash at bank and in hand
59,380 
1,357 
541,580 
146,724 
Creditors: amounts falling due within one year
(4,653)
(1,513)
Net current assets
536,927 
145,211 
Total assets less current liabilities
536,979 
145,213 
Creditors: amounts falling due after more than one year
- 
(152,854)
Net assets/(liabilities)
536,979 
(7,641)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
536,879 
(7,741)
Shareholders' funds
536,979 
(7,641)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2023 and were signed on its behalf by
Mr Shane Tate Director Company Registration No. 11143176
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Tate Estates Limited Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
Tate Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 11143176. The registered office is Osborne House, 20 Victoria Avenue, Harrogate, North Yorkshire, HG1 5QY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Inherited office equipment written off in year of acquistion
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2021
- 
Additions
190 
At 31 October 2022
190 
Depreciation
Charge for the year
190 
At 31 October 2022
190 
Net book value
At 31 October 2022
- 
5
Investments
Other investments 
£ 
Valuation at 1 November 2021
2 
Additions
50 
Valuation at 31 October 2022
52 
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Tate Estates Limited Notes to the Accounts for the year ended 31 October 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
2,188 
- 
Trade debtors
900 
900 
Amounts due from group undertakings etc.
121,639 
- 
Other debtors
242,834 
- 
367,561 
900 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
63 
Trade creditors
4,103 
450 
Accruals
550 
1,000 
4,653 
1,513 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
152,854 
9
Transactions with related parties
During the year the company's ownership transferred from Tate Family Office Limited (previously Tate Group Ltd) to Tate Group Limited (previously Shawbeck Holdings Ltd). The company was transferred assets including 50 % Shares in Industrial Development Projects Ltd - at a value of £50 (now shown in investments). Loan to Industrial Development Projects Ltd of £242710 Loans to it's subsidiaries Tate Estates (Lambert House) Ltd and Tate Estates (Baildon) Ltd with a value of £141615 Loan to Harmil LLP - a Limited Liability Partnership with S&C Tate as partners of £91514 . After these transactions Tate Estates Ltd the creditor of £719438 was transferred to Tate Group Ltd - and Tate Estates Ltd was subsequently released from the obligation. The credit is shown in other income. Also during the year costs relating to work in progress of £29827 were reversed back to Harmil LLP. During the year the company was charged management fees by Harmil LLP of £168020 (2021 £NIL) At 31 October 2022 the following balances wee outstanding Industrial Development Projects Ltd of £242660 (2021 £NIL) 50% joint venture company Harmil LLP £ Nil (2021 £29828 creditor) Group balances are disclosed in the notes.
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Tate Estates Limited Notes to the Accounts for the year ended 31 October 2022
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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