Registered number
10447137
Tanglewood 2016 Ltd
Unaudited Filleted Accounts
29 February 2024
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
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