TAC Investments Limited 12753384 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true true true 12753384 2022-07-01 2023-06-30 12753384 2023-06-30 12753384 bus:OrdinaryShareClass1 2023-06-30 12753384 core:CurrentFinancialInstruments 2023-06-30 12753384 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12753384 bus:SmallEntities 2022-07-01 2023-06-30 12753384 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12753384 bus:FullAccounts 2022-07-01 2023-06-30 12753384 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12753384 bus:RegisteredOffice 2022-07-01 2023-06-30 12753384 bus:Director1 2022-07-01 2023-06-30 12753384 bus:Director2 2022-07-01 2023-06-30 12753384 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 12753384 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12753384 1 2022-07-01 2023-06-30 12753384 countries:AllCountries 2022-07-01 2023-06-30 12753384 2021-07-01 2022-06-30 12753384 2022-06-30 12753384 bus:OrdinaryShareClass1 2022-06-30 12753384 core:CurrentFinancialInstruments 2022-06-30 12753384 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12753384

TAC Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

TAC Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

TAC Investments Limited

Company Information

Directors

S Webster

B Webster

Registered office

590 Green Lanes
London
N13 5RY

Accountants

Thomas Alexander & Co Ltd
590 Green Lanes
Palmers Green
London
N13 5RY

 

TAC Investments Limited

(Registration number: 12753384)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

-

595,624

Creditors: Amounts falling due within one year

5

(583)

(596,207)

Net liabilities

 

(583)

(583)

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

(783)

(783)

Shareholders' deficit

 

(583)

(583)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2024 and signed on its behalf by:
 

.........................................
B Webster
Director

 

TAC Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

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

The address of its registered office is:
590 Green Lanes
London
N13 5RY

These financial statements were authorised for issue by the Board on 6 March 2024.

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 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 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, the validity of which is dependent upon the continuing support of the company creditors.

Revenue recognition

Turnover represents rent receivable from tenants 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

TAC Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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.

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 directors) during the year, was 2 (2022 - 2).

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

-

595,624

 

TAC Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

671

Accruals and deferred income

-

2,400

Other creditors

583

593,136

583

596,207

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

200

200

200

200

         

7

Parent and ultimate parent undertaking

The company's immediate & ultimate parent is Jigsaw Living Ltd, incorporated in the UK.