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REGISTERED NUMBER: 11640420 (England and Wales)















Tangmere Museum Trading Company Limited

Report of the Directors and

Financial Statements for the Year Ended 31st December 2023






Tangmere Museum Trading Company Limited (Registered number: 11640420)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Tangmere Museum Trading Company Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: F A Thomas
F B C De Beer





SECRETARY: Mrs A Holt





REGISTERED OFFICE: Tangmere Military Aviation Museum
Gamecock Terrace
Tangmere
Chichester
West Sussex
PO20 2ES





REGISTERED NUMBER: 11640420 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR

Tangmere Museum Trading Company Limited (Registered number: 11640420)

Report of the Directors
for the Year Ended 31st December 2023


The directors present their report with the financial statements of the company for the year ended 31st December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the sale of goods relating to the activities of the Tangmere Aviation Museum

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

F A Thomas
F B C De Beer

Other changes in directors holding office are as follows:

M S Brannigan - resigned 26th July 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs A Holt - Secretary


26th March 2024

Tangmere Museum Trading Company Limited (Registered number: 11640420)

Income Statement
for the Year Ended 31st December 2023

2023 2022
£    £   

TURNOVER 73,292 58,999

Cost of sales 35,497 28,930
GROSS PROFIT 37,795 30,069

Administrative expenses 4,496 5,027
OPERATING PROFIT and
PROFIT BEFORE TAXATION 33,299 25,042

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 33,299 25,042

Tangmere Museum Trading Company Limited (Registered number: 11640420)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 13,758 9,373
Cash at bank and in hand 27,390 23,822
41,148 33,195
CREDITORS
Amounts falling due within one year 4 35,148 27,195
NET CURRENT ASSETS 6,000 6,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,000

6,000

CAPITAL AND RESERVES
Called up share capital 5 6,000 6,000
SHAREHOLDERS' FUNDS 6,000 6,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 26th March 2024 and were signed on its behalf by:




F A Thomas - Director



F B C De Beer - Director


Tangmere Museum Trading Company Limited (Registered number: 11640420)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Tangmere Museum Trading Company 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.

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.

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

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).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 355 659
Amounts owed to group undertakings 33,593 25,336
Accruals and deferred income 1,200 1,200
35,148 27,195

Tangmere Museum Trading Company Limited (Registered number: 11640420)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,000 Ordinary £1 6,000 6,000

6. RESERVES
Retained
earnings
£   

Profit for the year 33,299
Deed of covenant (33,299 )
At 31st December 2023 -

7. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Tangmere Military Aviation Trust Limited. As at 31 December 2023 the company owed the company £33,593 (2022: £25,336).

A Deed of Covenant is payable to Tangmere Military Aviation Trust Limited in the sum of £33,299 (2022: £25,042).