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REGISTERED NUMBER: 03303563 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TAMBORNE LIMITED

TAMBORNE LIMITED (REGISTERED NUMBER: 03303563)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


TAMBORNE LIMITED (REGISTERED NUMBER: 03303563)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 647 1,057
Investment property 5 1,370,000 1,370,000
1,370,647 1,371,057

CURRENT ASSETS
Debtors 6 1,477 2,629
Cash at bank 70,241 115,838
71,718 118,467
CREDITORS
Amounts falling due within one year 7 (30,242 ) (76,394 )
NET CURRENT ASSETS 41,476 42,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,412,123

1,413,130

PROVISIONS FOR LIABILITIES 8 (81,005 ) (81,005 )
NET ASSETS 1,331,118 1,332,125

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 513,359 513,359
Retained earnings 817,659 818,666
SHAREHOLDERS' FUNDS 1,331,118 1,332,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:



V Feest - Director


TAMBORNE LIMITED (REGISTERED NUMBER: 03303563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Tamborne Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and primary place of business can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

Turnover comprises rent receivable during the year together with the value of services invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TAMBORNE LIMITED (REGISTERED NUMBER: 03303563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,638
DEPRECIATION
At 1 April 2023 581
Charge for year 410
At 31 March 2024 991
NET BOOK VALUE
At 31 March 2024 647
At 31 March 2023 1,057

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,370,000
NET BOOK VALUE
At 31 March 2024 1,370,000
At 31 March 2023 1,370,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 824,859
Valuation in 2016 (746 )
Valuation in 2017 710
Valuation in 2018 209,884
Valuation in 2019 (1,213 )
Valuation in 2021 84,870
Valuation in 2022 (524,000 )
Cost 775,636
1,370,000

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

2024 2023
£    £   
Cost 775,636 775,636

Investment property was valued on an open market basis on 31 March 2024 by the Directors .

TAMBORNE LIMITED (REGISTERED NUMBER: 03303563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 726
Other debtors 900 900
Directors' current accounts 73 -
Prepayments and accrued income 504 1,003
1,477 2,629

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 7,132 3,251
Other creditors 600 52,600
Directors' current accounts 11,285 11,700
Accruals and deferred income 11,225 8,843
30,242 76,394

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 81,005 81,005

Deferred
tax
£   
Balance at 1 April 2023 81,005
Balance at 31 March 2024 81,005