Tanglewood 2016 Ltd |
Registered number: |
10447137 |
Balance Sheet |
as at 29 February 2024 |
|
Notes |
|
|
2024 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
4 |
|
12,291 |
|
|
22,205 |
Cash at bank and in hand |
|
|
40,665 |
|
|
23,958 |
|
|
|
52,956 |
|
|
46,163 |
|
Creditors: amounts falling due within one year |
5 |
|
(52,824) |
|
|
(41,485) |
|
Net current assets |
|
|
|
132 |
|
|
4,678 |
|
Total assets less current liabilities |
|
|
|
132 |
|
|
4,678 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(3,640) |
|
|
|
Net assets |
|
|
|
132 |
|
|
1,038 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
132 |
|
|
132 |
Profit and loss account |
|
|
|
- |
|
|
906 |
|
Shareholder's funds |
|
|
|
132 |
|
|
1,038 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
M. Pattison |
Director |
Approved by the board on 8 August 2024 |
|
Tanglewood 2016 Ltd |
Notes to the Accounts |
for the period from 1 November 2022 to 29 February 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 3 years |
|
|
Debtors |
|
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, other than loans to the director, 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. |
|
|
Creditors |
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted. |
|
|
2 |
Employees |
2024 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 November 2022 |
750 |
|
Disposals |
(750) |
|
At 29 February 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2022 |
750 |
|
On disposals |
(750) |
|
At 29 February 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2024 |
- |
|
|
4 |
Debtors |
2024 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
- |
|
12,000 |
|
Other debtors |
12,291 |
|
10,205 |
|
|
|
|
|
|
12,291 |
|
22,205 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
3,905 |
|
2,496 |
|
Taxation and social security costs |
47,385 |
|
38,989 |
|
Other creditors |
1,534 |
|
- |
|
|
|
|
|
|
52,824 |
|
41,485 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2022 |
£ |
£ |
|
|
Bank loans |
- |
|
3,640 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
G. Pattison (died 5/2/2023) |
|
Overdrawn director's loan account, repayable on demand and interest free. |
10,072 |
|
|
|
(10,072) |
|
- |
|
|
M. Pattison (appointed 11/3/2024) |
|
Overdrawn director's loan account, repayable on demand and interest free. |
- |
|
12,158 |
|
- |
|
12,158 |
|
|
|
10,072 |
|
12,158 |
|
(10,072) |
|
12,158 |
|
|
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
Tanglewood 2016 Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Clearways Accountants |
|
Clearways |
|
Colley Way |
|
Reigate |
|
RH2 9JH |