IRIS Accounts Production v23.4.0.336 04022785 Board of Directors 1.7.22 30.6.23 30.6.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040227852022-06-30040227852023-06-30040227852022-07-012023-06-30040227852021-06-30040227852021-07-012022-06-30040227852022-06-3004022785ns15:EnglandWales2022-07-012023-06-3004022785ns14:PoundSterling2022-07-012023-06-3004022785ns10:Director12022-07-012023-06-3004022785ns10:CompanyLimitedByGuarantee2022-07-012023-06-3004022785ns10:SmallEntities2022-07-012023-06-3004022785ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3004022785ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004022785ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004022785ns10:FullAccounts2022-07-012023-06-3004022785ns10:Director32022-07-012023-06-3004022785ns10:Director22022-07-012023-06-3004022785ns10:Director42022-07-012023-06-3004022785ns10:Director52022-07-012023-06-3004022785ns10:Director62022-07-012023-06-3004022785ns10:CompanySecretary12022-07-012023-06-3004022785ns10:CompanySecretary22022-07-012023-06-3004022785ns10:RegisteredOffice2022-07-012023-06-3004022785ns5:CurrentFinancialInstruments2023-06-3004022785ns5:CurrentFinancialInstruments2022-06-3004022785ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3004022785ns5:FurtherSpecificReserve1ComponentTotalEquity2022-06-3004022785ns5:RetainedEarningsAccumulatedLosses2023-06-3004022785ns5:RetainedEarningsAccumulatedLosses2022-06-3004022785ns5:LandBuildings2022-06-3004022785ns5:LandBuildings2023-06-3004022785ns5:LandBuildings2022-06-3004022785ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004022785ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 04022785 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

47 TARA LIMITED

47 TARA LIMITED (REGISTERED NUMBER: 04022785)






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


47 TARA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Ms S Shearing
Mrs W Anderson
S Giachardi
Ms K Pistor
Ms S Barratt
Ms R Gagneja





SECRETARIES: Mrs W Anderson
S Giachardi





REGISTERED OFFICE: 20 Glassmill Lane
Bromley
Kent
BR2 0EJ





REGISTERED NUMBER: 04022785 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

47 TARA LIMITED (REGISTERED NUMBER: 04022785)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,000 28,000

CURRENT ASSETS
Debtors 5 2,702 2,406
Cash at bank 5,265 5,446
7,967 7,852
CREDITORS
Amounts falling due within one year 6 480 480
NET CURRENT ASSETS 7,487 7,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,487

35,372

RESERVES
Court resurfacing reserve 28,000 28,000
Income and expenditure account 7,487 7,372
35,487 35,372

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 directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:





Ms S Shearing - Director


47 TARA LIMITED (REGISTERED NUMBER: 04022785)

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

1. STATUTORY INFORMATION

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
No depreciation is provided in respect of freehold properties held as investment properties, which are included in the balance sheet at open market value. The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principal set out in the FRSSE.

The directors consider that, as these properties are not held for consumption, to depreciate them would not give a true and fair view and therefore it is necessary to adopt the FRSSE in order to give a true and fair view.

If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. The directors consider that it would neither be practicable nor of real value to determine depreciation in arriving at open market values.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

47 TARA LIMITED (REGISTERED NUMBER: 04022785)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 July 2022
and 30 June 2023 28,000
NET BOOK VALUE
At 30 June 2023 28,000
At 30 June 2022 28,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,702 2,406

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 480 480