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REGISTERED NUMBER: 09090631 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

TENGU LIMITED

TENGU LIMITED (REGISTERED NUMBER: 09090631)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TENGU LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J A Smart





REGISTERED OFFICE: Unit 52.11, Woolyard
52 Bermondsey Street
London
SE1 3UD





REGISTERED NUMBER: 09090631 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

TENGU LIMITED (REGISTERED NUMBER: 09090631)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 1,248,790 1,248,547
Debtors 5 37,464 15,400
Cash in hand 1 1
1,286,255 1,263,948
CREDITORS
Amounts falling due within one year 6 (874,875 ) (1,840,189 )
NET CURRENT ASSETS/(LIABILITIES) 411,380 (576,241 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,380

(576,241

)

CREDITORS
Amounts falling due after more than one
year

7

(1,120,000

)

-
NET LIABILITIES (708,620 ) (576,241 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (708,621 ) (576,242 )
SHAREHOLDERS' FUNDS (708,620 ) (576,241 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2023 and were signed by:





J A Smart - Director


TENGU LIMITED (REGISTERED NUMBER: 09090631)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

TENGU Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The company manages it cash flow as part of a group & is reliant on finance provided by other group companies. The director has reviewed the group finance facilities and the expected cash flow for the group and has a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets
Basic financial assets are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting its liabilities.

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Financial liabilities classified as payable within one year are not amortised.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

4. STOCKS
2023 2022
£    £   
Inventories 1,248,790 1,248,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 37,464 15,400

TENGU LIMITED (REGISTERED NUMBER: 09090631)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) - 900,000
Amounts owed to group undertakings 730,216 802,637
Other creditors 144,659 137,552
874,875 1,840,189

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 1,120,000 -

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 900,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,120,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,120,000 900,000

The bank loan is secured against a first legal debenture over all of the borrower's assets, a first legal charge over the property included in stock and a personal guarantee of the director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Urban Eye Properties Limited, of which the registered office is Unit 52.11, Woolyard, Bermondsey Street, London, SE1 3UD.