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REGISTERED NUMBER: 01224256 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2023

for

Tadorna Holdings Limited

Tadorna Holdings Limited (Registered number: 01224256)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Tadorna Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs N L Gaisford St Lawrence
G Gaisford St Lawrence





SECRETARY: Mrs N L Gaisford St Lawrence





REGISTERED OFFICE: Church Farmhouse
Main Road
Narborough
Kings Lynn
Norfolk
PE32 1TE





REGISTERED NUMBER: 01224256 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tadorna Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tadorna Holdings Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tadorna Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tadorna Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Tadorna Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tadorna Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tadorna Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tadorna Holdings Limited. You consider that Tadorna Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tadorna Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


12 September 2024

Tadorna Holdings Limited (Registered number: 01224256)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,358 20,816
Investment property 5 732,687 732,687
758,045 753,503

CURRENT ASSETS
Debtors 6 343 152
Cash at bank and in hand 7,448 16,705
7,791 16,857
CREDITORS
Amounts falling due within one year 7 120,888 124,984
NET CURRENT LIABILITIES (113,097 ) (108,127 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

644,948

645,376

CREDITORS
Amounts falling due after more than one
year

8

(1,573

)

(2,661

)

PROVISIONS FOR LIABILITIES (44,479 ) (44,353 )
NET ASSETS 598,896 598,362

CAPITAL AND RESERVES
Called up share capital 9 10,003 10,003
Fair value reserve 10 409,146 409,146
Retained earnings 179,747 179,213
SHAREHOLDERS' FUNDS 598,896 598,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 12 September 2024 and were signed on its behalf by:



Mrs N L Gaisford St Lawrence - Director


Tadorna Holdings Limited (Registered number: 01224256)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tadorna Holdings Limited 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.

At the year end net current liabilities exceeded net assets by £113,097 (2022: £108,127). The directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Nil to 20% on reducing balance
Fixtures and equipment - 10% to 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Taxation
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.




Tadorna Holdings Limited (Registered number: 01224256)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property equipment Totals
£    £    £   
COST
At 1 January 2023 7,448 31,097 38,545
Additions 7,000 500 7,500
At 31 December 2023 14,448 31,597 46,045
DEPRECIATION
At 1 January 2023 1,666 16,063 17,729
Charge for year 637 2,321 2,958
At 31 December 2023 2,303 18,384 20,687
NET BOOK VALUE
At 31 December 2023 12,145 13,213 25,358
At 31 December 2022 5,782 15,034 20,816

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 732,687
NET BOOK VALUE
At 31 December 2023 732,687
At 31 December 2022 732,687

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 376,495
Valuation in 2017 (36,109 )
Valuation in 2022 116,470
Cost 275,831
732,687

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 401,335 401,335
Aggregate depreciation (125,504 ) (125,504 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 343 152

Tadorna Holdings Limited (Registered number: 01224256)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,171 4,837
Taxation and social security 479 2,182
Other creditors 119,238 117,965
120,888 124,984

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,573 2,661

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,003 Ordinary Shares £1 10,003 10,003

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 409,146