IRIS Accounts Production v24.1.0.578 09972321 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099723212023-01-31099723212024-01-31099723212023-02-012024-01-31099723212022-01-31099723212022-02-012023-01-31099723212023-01-3109972321ns15:EnglandWales2023-02-012024-01-3109972321ns14:PoundSterling2023-02-012024-01-3109972321ns10:Director12023-02-012024-01-3109972321ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109972321ns10:SmallEntities2023-02-012024-01-3109972321ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3109972321ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109972321ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109972321ns10:FullAccounts2023-02-012024-01-310997232112023-02-012024-01-3109972321ns10:Director22023-02-012024-01-3109972321ns10:RegisteredOffice2023-02-012024-01-3109972321ns5:CurrentFinancialInstruments2024-01-3109972321ns5:CurrentFinancialInstruments2023-01-3109972321ns5:Non-currentFinancialInstruments2024-01-3109972321ns5:Non-currentFinancialInstruments2023-01-3109972321ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109972321ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-012024-01-3109972321ns5:PlantMachinery2023-02-012024-01-3109972321ns5:IntangibleAssetsOtherThanGoodwill2023-01-3109972321ns5:IntangibleAssetsOtherThanGoodwill2024-01-3109972321ns5:IntangibleAssetsOtherThanGoodwill2023-01-3109972321ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109972321ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3109972321ns5:Secured2024-01-3109972321ns5:Secured2023-01-3109972321ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 09972321 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 January 2024

for

Tangerine Property (Sussex) Ltd

Tangerine Property (Sussex) Ltd (Registered number: 09972321)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tangerine Property (Sussex) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Terry Mole
Ms Marta Markiewicz





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 09972321 (England and Wales)

Tangerine Property (Sussex) Ltd (Registered number: 09972321)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,163 1,163
Tangible assets 5 7,075,416 4,633,042
7,076,579 4,634,205

CURRENT ASSETS
Debtors 6 198,902 2,132,898
Cash at bank 21,803 83,849
220,705 2,216,747
CREDITORS
Amounts falling due within one year 7 227,924 2,412,749
NET CURRENT LIABILITIES (7,219 ) (196,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,069,360

4,438,203

CREDITORS
Amounts falling due after more than one year 8 4,860,026 4,537,924
NET ASSETS/(LIABILITIES) 2,209,334 (99,721 )

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 2,347,182 -
Retained earnings 10 (137,850 ) (99,723 )
2,209,334 (99,721 )

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

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

Tangerine Property (Sussex) Ltd (Registered number: 09972321)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr Terry Mole - Director


Tangerine Property (Sussex) Ltd (Registered number: 09972321)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Tangerine Property (Sussex) Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Tangerine Property (Sussex) Ltd (Registered number: 09972321)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 1,163
NET BOOK VALUE
At 31 January 2024 1,163
At 31 January 2023 1,163

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 4,598,704 51,449 4,650,153
Additions 79,114 33,319 112,433
Revaluations 2,347,182 - 2,347,182
At 31 January 2024 7,025,000 84,768 7,109,768
DEPRECIATION
At 1 February 2023 - 17,111 17,111
Charge for year - 17,241 17,241
At 31 January 2024 - 34,352 34,352
NET BOOK VALUE
At 31 January 2024 7,025,000 50,416 7,075,416
At 31 January 2023 4,598,704 34,338 4,633,042

Cost or valuation at 31 January 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 0 7,025,000 84,768 7,109,768

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 198,902 2,132,898

Tangerine Property (Sussex) Ltd (Registered number: 09972321)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 20,332 19,658
Other creditors 207,592 2,393,091
227,924 2,412,749

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 21,665 29,910
Other creditors 4,838,361 4,508,014
4,860,026 4,537,924

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Other loans 4,838,361 4,508,014

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 (99,723 ) - (99,723 )
Deficit for the year (38,127 ) (38,127 )
Revaluation of properties - 2,347,182 2,347,182
At 31 January 2024 (137,850 ) 2,347,182 2,209,332