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Company Registration No. 11546098 (England and Wales)
Tate Estates (Lambert House) Limited Unaudited accounts for the year ended 31 October 2023
Tate Estates (Lambert House) Limited Unaudited accounts Contents
Page
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Tate Estates (Lambert House) Limited Company Information for the year ended 31 October 2023
Director
Mr S Tate
Company Number
11546098 (England and Wales)
Registered Office
Osborne House 20 Victoria Avenue Harrogate North Yorkshire HG1 5QY
Accountants
John Shackleton & Co Ltd, 10 Claro Court Business Centre Claro Road Harrogate North Yorkshire HG1 4BA
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Tate Estates (Lambert House) Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
4,531,031 
4,354,684 
Debtors
1,274 
42,752 
Cash at bank and in hand
2,064 
12,389 
4,534,369 
4,409,825 
Creditors: amounts falling due within one year
(2,352,525)
(2,212,890)
Net current assets
2,181,844 
2,196,935 
Total assets less current liabilities
2,181,844 
2,196,935 
Creditors: amounts falling due after more than one year
(2,246,164)
(2,116,209)
Net (liabilities)/assets
(64,320)
80,726 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(64,321)
80,725 
Shareholders' funds
(64,320)
80,726 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Mr S Tate Director Company Registration No. 11546098
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Tate Estates (Lambert House) Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Tate Estates (Lambert House) Limited is a private company, limited by shares, registered in England and Wales, registration number 11546098. The registered office is Osborne House, 20 Victoria Avenue, Harrogate, North Yorkshire, HG1 5QY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads and finance costs according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
342 
18,692 
Amounts due from group undertakings etc.
932 
932 
Other debtors
- 
23,128 
1,274 
42,752 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,174,181 
2,093,795 
Trade creditors
46 
28,620 
Amounts owed to group undertakings and other participating interests
167,475 
90,475 
Other creditors
10,123 
- 
Accruals
700 
- 
2,352,525 
2,212,890 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
2,246,164 
2,116,209 
The bank loan is secured on the companies development property.
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Tate Estates (Lambert House) Limited Notes to the Accounts for the year ended 31 October 2023
7
Transactions with related parties
Loans received from / to group companies are shown in the debtors creditors notes. No interest charges have been made on these loans A loan of £10000 was received during the year from Harmil LLP (an LLP of which S Tate and L C Tate are members) - this is shown in other creditors
8
Controlling party
Tate Estates Ltd holds 100% of the shares of Tate Estates (Lambert House) Ltd. Tate Estates Ltd is 100% owned by Tate Group Ltd.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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