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Company Registration No. 09409249 (England and Wales)
TGO Limited Unaudited accounts for the year ended 31 December 2023
TGO Limited Unaudited accounts Contents
Page
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TGO Limited Company Information for the year ended 31 December 2023
Directors
G J Wyatt S Jauncey A O Jauncey D A Jauncey A N Wyatt S J Wyatt
Company Number
09409249 (England and Wales)
Registered Office
Idaho Barn 34 Wycombe Road Prestwood, Great Missenden Buckinghamshire HP16 0PJ United Kingdom
Accountants
Grass & Holm Thornbury Cottage Chalk Hill Amersham BUCKS HP7 0LY
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TGO Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,025 
10,863 
Investments
1,209,991 
1,118,362 
1,265,016 
1,129,225 
Current assets
Debtors
51,000 
400,000 
Cash at bank and in hand
515,707 
166,000 
566,707 
566,000 
Creditors: amounts falling due within one year
(8,211)
(8,366)
Net current assets
558,496 
557,634 
Net assets
1,823,512 
1,686,859 
Capital and reserves
Called up share capital
1,005 
1,005 
Profit and loss account
1,822,507 
1,685,854 
Shareholders' funds
1,823,512 
1,686,859 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by
G J Wyatt Director Company Registration No. 09409249
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TGO Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
TGO Limited is a private company, limited by shares, registered in England and Wales, registration number 09409249. The registered office is Idaho Barn, 34 Wycombe Road, Prestwood, Great Missenden, Buckinghamshire, HP16 0PJ, United Kingdom.
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.
Going concern
During the accounting period the world was impacted by a global pandemic, COVID-19. It is unclear what the long term impact on the company will be at this time, however the director does not believe this will impact on the going concern of the company.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Straight line
Investment property
Investment property is revalued annually and any surplus or deficit is dealt with through the profit and loss. No depreciation is provided in respect of the investment properties.
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TGO Limited Notes to the Accounts for the year ended 31 December 2023
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
75,030 
4,942 
79,972 
Additions
54,950 
1,144 
56,094 
Disposals
(75,030)
- 
(75,030)
At 31 December 2023
54,950 
6,086 
61,036 
Depreciation
At 1 January 2023
65,138 
3,971 
69,109 
Charge for the year
3,412 
895 
4,307 
On disposals
(67,405)
- 
(67,405)
At 31 December 2023
1,145 
4,866 
6,011 
Net book value
At 31 December 2023
53,805 
1,220 
55,025 
At 31 December 2022
9,892 
971 
10,863 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
1,118,362 
Additions
140,439 
Fair value adjustments
28,588 
Disposals
(77,398)
Valuation at 31 December 2023
1,209,991 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
51,000 
240,000 
Amounts falling due after more than one year
- 
160,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
665 
665 
Loans from directors
6,291 
6,446 
Accruals
1,255 
1,255 
8,211 
8,366 
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TGO Limited Notes to the Accounts for the year ended 31 December 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
600 Ordinary A shares of £1 each
600 
600 
401 Ordinary B shares of £1 each
401 
401 
4 Ordinary C shares of £1 each
4 
4 
1,005 
1,005 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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