Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29No description of principal activityfalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-011true1true 10595482 2023-03-01 2024-02-29 10595482 2022-03-01 2023-02-28 10595482 2024-02-29 10595482 2023-02-28 10595482 c:Director1 2023-03-01 2024-02-29 10595482 d:CurrentFinancialInstruments 2024-02-29 10595482 d:CurrentFinancialInstruments 2023-02-28 10595482 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10595482 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10595482 d:ShareCapital 2024-02-29 10595482 d:ShareCapital 2023-02-28 10595482 d:RetainedEarningsAccumulatedLosses 2024-02-29 10595482 d:RetainedEarningsAccumulatedLosses 2023-02-28 10595482 c:OrdinaryShareClass1 2023-03-01 2024-02-29 10595482 c:OrdinaryShareClass1 2024-02-29 10595482 c:OrdinaryShareClass1 2023-02-28 10595482 c:FRS102 2023-03-01 2024-02-29 10595482 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10595482 c:FullAccounts 2023-03-01 2024-02-29 10595482 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10595482 6 2023-03-01 2024-02-29 10595482 e:Euro 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10595482










TAG FORESTRY INVESTMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024



 
TAG FORESTRY INVESTMENTS LTD
REGISTERED NUMBER: 10595482

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note

Fixed assets
  

Investments
 4 
7,044,268
7,044,268

  
7,044,268
7,044,268

Current assets
  

Cash at bank and in hand
  
632,804
425,282

  
632,804
425,282

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(7,091,479)
(7,059,414)

Net current liabilities
  
 
 
(6,458,675)
 
 
(6,634,132)

Total assets less current liabilities
  
585,593
410,136

  

Net assets
  
585,593
410,136


Capital and reserves
  

Called up share capital 
 6 
118
118

Profit and loss account
  
585,475
410,018

  
585,593
410,136


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
 
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TAG FORESTRY INVESTMENTS LTD
REGISTERED NUMBER: 10595482

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024


The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

M L Bonnet
Director
Date: 15 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
TAG FORESTRY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

TAG Forestry Investments Ltd is a limited liability company incorporated in England and Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through financial support from a related party loan. The loan to the company will not be called in until the company has sufficient funds to repay.
Based on this and taken together with existing financing facilities the director believes that the financial statements have been prepared appropriately on the going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in unlisted companies are measured at cost less accumulated impairment, where fair value cannot be reliably determined.

Page 3

 
TAG FORESTRY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments








Unlisted investments




Cost or valuation


At 1 March 2023
7,044,268



At 29 February 2024
7,044,268




Page 4

 
TAG FORESTRY INVESTMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Creditors: amounts falling due within one year

29 February
28 February
2024
2023

Other loans
7,044,268
7,044,268

Other creditors
11,143
11,143

Accruals and deferred income
36,068
4,003

7,091,479
7,059,414



6.


Share capital

29 February
28 February
2024
2023
Allotted, called up and partly paid



118 (2023 - 118) Ordinary shares of £1.00 each
118
118



7.


Related party transactions

During the year dividends payable to the director amounted to €32,282 (2023: €42,771).


Page 5