2022-11-012023-10-312023-10-31false04503645Tarn Associates Limited2024-04-1070229iso4217:GBPxbrli:pure045036452022-11-01045036452023-10-31045036452022-11-012023-10-31045036452021-11-01045036452022-10-31045036452021-11-012022-10-3104503645bus:SmallEntities2022-11-012023-10-3104503645bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3104503645bus:FullAccounts2022-11-012023-10-3104503645bus:PrivateLimitedCompanyLtd2022-11-012023-10-3104503645core:WithinOneYear2023-10-3104503645core:AfterOneYear2023-10-3104503645core:WithinOneYear2022-10-3104503645core:AfterOneYear2022-10-3104503645core:ShareCapital2023-10-3104503645core:SharePremium2023-10-3104503645core:RevaluationReserve2023-10-3104503645core:OtherReservesSubtotal2023-10-3104503645core:RetainedEarningsAccumulatedLosses2023-10-3104503645core:ShareCapital2022-10-3104503645core:SharePremium2022-10-3104503645core:RevaluationReserve2022-10-3104503645core:OtherReservesSubtotal2022-10-3104503645core:RetainedEarningsAccumulatedLosses2022-10-3104503645core:LandBuildings2023-10-3104503645core:PlantMachinery2023-10-3104503645core:Vehicles2023-10-3104503645core:FurnitureFittings2023-10-3104503645core:OfficeEquipment2023-10-3104503645core:NetGoodwill2023-10-3104503645core:IntangibleAssetsOtherThanGoodwill2023-10-3104503645core:ListedExchangeTraded2023-10-3104503645core:UnlistedNon-exchangeTraded2023-10-3104503645core:LandBuildings2022-10-3104503645core:PlantMachinery2022-10-3104503645core:Vehicles2022-10-3104503645core:FurnitureFittings2022-10-3104503645core:OfficeEquipment2022-10-3104503645core:NetGoodwill2022-10-3104503645core:IntangibleAssetsOtherThanGoodwill2022-10-3104503645core:ListedExchangeTraded2022-10-3104503645core:UnlistedNon-exchangeTraded2022-10-3104503645core:LandBuildings2022-11-012023-10-3104503645core:PlantMachinery2022-11-012023-10-3104503645core:Vehicles2022-11-012023-10-3104503645core:FurnitureFittings2022-11-012023-10-3104503645core:OfficeEquipment2022-11-012023-10-3104503645core:NetGoodwill2022-11-012023-10-3104503645core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3104503645core:ListedExchangeTraded2022-11-012023-10-3104503645core:UnlistedNon-exchangeTraded2022-11-012023-10-3104503645core:MoreThanFiveYears2022-11-012023-10-3104503645core:Non-currentFinancialInstruments2023-10-3104503645core:Non-currentFinancialInstruments2022-10-3104503645dpl:CostSales2022-11-012023-10-3104503645dpl:DistributionCosts2022-11-012023-10-3104503645core:LandBuildings2022-11-012023-10-3104503645core:PlantMachinery2022-11-012023-10-3104503645core:Vehicles2022-11-012023-10-3104503645core:FurnitureFittings2022-11-012023-10-3104503645core:OfficeEquipment2022-11-012023-10-3104503645dpl:AdministrativeExpenses2022-11-012023-10-3104503645core:NetGoodwill2022-11-012023-10-3104503645core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3104503645dpl:GroupUndertakings2022-11-012023-10-3104503645dpl:ParticipatingInterests2022-11-012023-10-3104503645dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3104503645core:ListedExchangeTraded2022-11-012023-10-3104503645dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3104503645core:UnlistedNon-exchangeTraded2022-11-012023-10-3104503645dpl:CostSales2021-11-012022-10-3104503645dpl:DistributionCosts2021-11-012022-10-3104503645core:LandBuildings2021-11-012022-10-3104503645core:PlantMachinery2021-11-012022-10-3104503645core:Vehicles2021-11-012022-10-3104503645core:FurnitureFittings2021-11-012022-10-3104503645core:OfficeEquipment2021-11-012022-10-3104503645dpl:AdministrativeExpenses2021-11-012022-10-3104503645core:NetGoodwill2021-11-012022-10-3104503645core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3104503645dpl:GroupUndertakings2021-11-012022-10-3104503645dpl:ParticipatingInterests2021-11-012022-10-3104503645dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3104503645core:ListedExchangeTraded2021-11-012022-10-3104503645dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3104503645core:UnlistedNon-exchangeTraded2021-11-012022-10-3104503645core:NetGoodwill2023-10-3104503645core:IntangibleAssetsOtherThanGoodwill2023-10-3104503645core:LandBuildings2023-10-3104503645core:PlantMachinery2023-10-3104503645core:Vehicles2023-10-3104503645core:FurnitureFittings2023-10-3104503645core:OfficeEquipment2023-10-3104503645core:AfterOneYear2023-10-3104503645core:WithinOneYear2023-10-3104503645core:ListedExchangeTraded2023-10-3104503645core:UnlistedNon-exchangeTraded2023-10-3104503645core:ShareCapital2023-10-3104503645core:SharePremium2023-10-3104503645core:RevaluationReserve2023-10-3104503645core:OtherReservesSubtotal2023-10-3104503645core:RetainedEarningsAccumulatedLosses2023-10-3104503645core:NetGoodwill2022-10-3104503645core:IntangibleAssetsOtherThanGoodwill2022-10-3104503645core:LandBuildings2022-10-3104503645core:PlantMachinery2022-10-3104503645core:Vehicles2022-10-3104503645core:FurnitureFittings2022-10-3104503645core:OfficeEquipment2022-10-3104503645core:AfterOneYear2022-10-3104503645core:WithinOneYear2022-10-3104503645core:ListedExchangeTraded2022-10-3104503645core:UnlistedNon-exchangeTraded2022-10-3104503645core:ShareCapital2022-10-3104503645core:SharePremium2022-10-3104503645core:RevaluationReserve2022-10-3104503645core:OtherReservesSubtotal2022-10-3104503645core:RetainedEarningsAccumulatedLosses2022-10-3104503645core:NetGoodwill2021-11-0104503645core:IntangibleAssetsOtherThanGoodwill2021-11-0104503645core:LandBuildings2021-11-0104503645core:PlantMachinery2021-11-0104503645core:Vehicles2021-11-0104503645core:FurnitureFittings2021-11-0104503645core:OfficeEquipment2021-11-0104503645core:AfterOneYear2021-11-0104503645core:WithinOneYear2021-11-0104503645core:ListedExchangeTraded2021-11-0104503645core:UnlistedNon-exchangeTraded2021-11-0104503645core:ShareCapital2021-11-0104503645core:SharePremium2021-11-0104503645core:RevaluationReserve2021-11-0104503645core:OtherReservesSubtotal2021-11-0104503645core:RetainedEarningsAccumulatedLosses2021-11-0104503645core:AfterOneYear2022-11-012023-10-3104503645core:WithinOneYear2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:CostValuation2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3104503645core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3104503645core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3104503645core:Non-currentFinancialInstrumentscore:CostValuation2022-10-3104503645core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-3104503645core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-3104503645core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-3104503645core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-3104503645core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-3104503645core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-3104503645core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-3104503645core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-3104503645bus:Director12022-11-012023-10-3104503645bus:Director22022-11-012023-10-31

Tarn Associates Limited

Registered Number
04503645
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

Tarn Associates Limited
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

Christine Laird
Nicholas David Laird

Company Secretary

Christine Laird

Registered Address

4 Mason Court Gillan Way
Penrith 40 Business Park
Penrith
CA11 9GR

Place of Business

Hill House

Carleton

Carlisle

CA1 3DP


Registered Number

04503645 (England and Wales)
Tarn Associates Limited
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets8329676
329676
Current assets
Debtors1110,96716,158
Cash at bank and on hand1,6831,485
12,65017,643
Creditors amounts falling due within one year12(6,019)(6,605)
Net current assets (liabilities)6,63111,038
Total assets less current liabilities6,96011,714
Net assets6,96011,714
Capital and reserves
Called up share capital100100
Profit and loss account6,86011,614
Shareholders' funds6,96011,714
The financial statements were approved and authorised for issue by the Board of Directors on 10 April 2024, and are signed on its behalf by:
Christine Laird
Director
Nicholas David Laird
Director

Registered Company No. 04503645
Tarn Associates Limited
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Valuation of financial instruments policy
The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in notes. Prepayments are not financial instruments. Cash at bank – is classified as a basic financial instrument and is measured at face value. Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in notes. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
5.Critical estimates and judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.
6.Sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
7.Employee information

20232022
Average number of employees during the year22
8.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 November 221,0401,040
At 31 October 231,0401,040
Depreciation and impairment
At 01 November 22364364
Charge for year347347
At 31 October 23711711
Net book value
At 31 October 23329329
At 31 October 22676676
9.Provisions for impairment of tangible assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
10.Directors advances, credits and guarantees
Included within other debtors falling due within one year is £10,967 (2022 - £12,558) being the amount owed by the director. Net amounts advanced during the year were £1,591. These amounts were both repaid within nine months of the financial year. The loans where charged the official rate of interest were applicable and were repayable on demand.
11.Debtors

2023

2022

££
Trade debtors / trade receivables-3,600
Other debtors10,96712,558
Total10,96716,158
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
12.Creditors within one year

2023

2022

££
Trade creditors / trade payables-714
Taxation and social security4,6194,491
Accrued liabilities and deferred income1,4001,400
Total6,0196,605
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.