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REGISTERED NUMBER: 12389893 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TANGERINE HOTELS LIMITED

TANGERINE HOTELS LIMITED (REGISTERED NUMBER: 12389893)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TANGERINE HOTELS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: S J Hopkins





SECRETARY: S J Hopkins





REGISTERED OFFICE: New Sandringham Court Hotel
65-69 Reads Ave
Blackpool
Lancashire
FY1 4DG





REGISTERED NUMBER: 12389893 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

TANGERINE HOTELS LIMITED (REGISTERED NUMBER: 12389893)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,000 2,125
Tangible assets 5 48,258 42,905
50,258 45,030

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 116 136
Cash at bank 20,900 41,624
26,016 46,760
CREDITORS
Amounts falling due within one year 7 (176,792 ) (74,594 )
NET CURRENT LIABILITIES (150,776 ) (27,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(100,518

)

17,196

CREDITORS
Amounts falling due after more than one
year

8

(19,968

)

(37,450

)
NET LIABILITIES (120,486 ) (20,254 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (120,586 ) (20,354 )
(120,486 ) (20,254 )

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 director acknowledges his 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 HOTELS LIMITED (REGISTERED NUMBER: 12389893)

BALANCE SHEET - continued
31 December 2023


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 director and authorised for issue on 25 September 2024 and were signed by:





S J Hopkins - Director


TANGERINE HOTELS LIMITED (REGISTERED NUMBER: 12389893)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Tangerine Hotels 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
The company's balance sheet shows an excess of liabilities over assets of £120,486 and net current liabilities of £150,776. The company is dependent upon the continuing support of its directors and other creditors to enable it to meet its day to day working capital requirements.
On this basis the financial statements have been prepared on the going concern basis. The financial
statements do not include any adjustments that would result from the withdrawal of the support of
the creditors.

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

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.

Computer software is being amortised evenly over its estimated useful life of twenty 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TANGERINE HOTELS LIMITED (REGISTERED NUMBER: 12389893)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 14 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 2,500
AMORTISATION
At 1 January 2023 375
Amortisation for year 125
At 31 December 2023 500
NET BOOK VALUE
At 31 December 2023 2,000
At 31 December 2022 2,125

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 6,221 49,310 55,531
Additions - 14,447 14,447
Disposals (800 ) - (800 )
At 31 December 2023 5,421 63,757 69,178
DEPRECIATION
At 1 January 2023 2,314 10,312 12,626
Charge for year 499 8,017 8,516
Eliminated on disposal (222 ) - (222 )
At 31 December 2023 2,591 18,329 20,920
NET BOOK VALUE
At 31 December 2023 2,830 45,428 48,258
At 31 December 2022 3,907 38,998 42,905

TANGERINE HOTELS LIMITED (REGISTERED NUMBER: 12389893)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 136
Tax 116 -
116 136

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,697 39,426
Social security and other taxes - 2,281
VAT 30,045 30,887
Directors' current accounts 102,950 -
Accruals and deferred income 2,100 2,000
176,792 74,594

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank Loans 19,968 37,450

9. OTHER FINANCIAL COMMITMENTS

The company had operating lease commitments at 31 December 2023 of £271,688 (31 December 2022 - £342,071).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
S J Hopkins
Balance outstanding at start of year 136 4,077
Amounts advanced 21,217 32,874
Amounts repaid (21,353 ) (36,815 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 136

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.