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REGISTERED NUMBER: 03258249 (England and Wales)















TANG'S ENTERPRISES (U.K.) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






TANG'S ENTERPRISES (U.K.) LIMITED (REGISTERED NUMBER: 03258249)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TANG'S ENTERPRISES (U.K.) LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTOR: Mr K S Tang





SECRETARY: Mrs S Y Tang





REGISTERED OFFICE: 36 Down End Road
Drayton
Portsmouth
Hampshire
PO6 1HU





REGISTERED NUMBER: 03258249 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

TANG'S ENTERPRISES (U.K.) LIMITED (REGISTERED NUMBER: 03258249)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,675 7,849
Investment property 5 1,120,496 1,120,496
1,128,171 1,128,345

CURRENT ASSETS
Debtors 6 142 765
Cash at bank and in hand 1,153 1,554
1,295 2,319
CREDITORS
Amounts falling due within one year 7 49,547 27,892
NET CURRENT LIABILITIES (48,252 ) (25,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,079,919

1,102,772

CREDITORS
Amounts falling due after more than one
year

8

(259,462

)

(261,736

)

PROVISIONS FOR LIABILITIES (153,838 ) (206,162 )
NET ASSETS 666,619 634,874

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 666,609 634,864
SHAREHOLDERS' FUNDS 666,619 634,874

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

TANG'S ENTERPRISES (U.K.) LIMITED (REGISTERED NUMBER: 03258249)

BALANCE SHEET - continued
31 OCTOBER 2023


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 director and authorised for issue on 25 July 2024 and were signed by:





Mr K S Tang - Director


TANG'S ENTERPRISES (U.K.) LIMITED (REGISTERED NUMBER: 03258249)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

Tang's Enterprises (U.k.) 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 as modified by the revaluation of certain assets.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - not provided for
Office equipment - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2022 - 1 ) .

TANG'S ENTERPRISES (U.K.) LIMITED (REGISTERED NUMBER: 03258249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 22,991 4,657 27,648
DEPRECIATION
At 1 November 2022 15,836 3,963 19,799
Charge for year - 174 174
At 31 October 2023 15,836 4,137 19,973
NET BOOK VALUE
At 31 October 2023 7,155 520 7,675
At 31 October 2022 7,155 694 7,849

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,120,496
NET BOOK VALUE
At 31 October 2023 1,120,496
At 31 October 2022 1,120,496

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 46,111
Valuation in 2021 811,688
Cost 262,697
1,120,496

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 262,697 262,697

Investment property was valued on an open market basis on 31 October 2022 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 142 765

TANG'S ENTERPRISES (U.K.) LIMITED (REGISTERED NUMBER: 03258249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,245 4,275
Trade creditors 10,012 1,198
Taxation and social security 1,721 1,721
Other creditors 33,569 20,698
49,547 27,892

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 259,462 261,736

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 238,238 240,512

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10