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Registered number: 02480624










TANGENT RESOURCES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TANGENT RESOURCES LTD
REGISTERED NUMBER: 02480624

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
36,373
36,373

Cash at bank and in hand
 4 
541
541

  
36,914
36,914

Total assets less current liabilities
  
 
 
36,914
 
 
36,914

  

Net assets
  
36,914
36,914


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
36,814
36,814

  
36,914
36,914


For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




W J Wright
Director

Date: 10 October 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
TANGENT RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Tangent Resources Ltd is a private company limited by shares and is registered and incorporated in England and Wales. The registered address is Swan House, 11 Woodbrook Crescent, Billericay, Essex, CM12 0EQ.
The principal activity of the Company has been the provision of temporary staffing and permanent recruitment services, but there were no trading activities carried out during the year as the Company remained dormant.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

 
2.2

Going concern

At the time of approving the financial statements, based on the support of the Company's immediate parent, Tangent International Group Ltd, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments.


3.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
36,373
36,373

36,373
36,373


Page 2

 
TANGENT RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
541
541

541
541



5.


Controlling party

The Company's immediate and ultimate parent company is Tangent International Group Ltd, whose registered office is Swan House, 11 Woodbrook Crescent, Billericay, Essex, CM12 0EQ.
Tangent International Group Ltd is the smallest group for which consolidated accounts are prepared.

Page 3