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REGISTERED NUMBER: 10602541 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TAG ASSETS LIMITED

TAG ASSETS LIMITED (REGISTERED NUMBER: 10602541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAG ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T D A Good





REGISTERED OFFICE: 8 Tregew Road
Flushing
Falmouth
TR11 5TG





REGISTERED NUMBER: 10602541 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

TAG ASSETS LIMITED (REGISTERED NUMBER: 10602541)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 139,984 102,038

CURRENT ASSETS
Cash at bank and in hand 238,252 188,062

CREDITORS
Amounts falling due within one year 5 360 360
NET CURRENT ASSETS 237,892 187,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,876

289,740

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 377,776 289,640
SHAREHOLDER FUNDS 377,876 289,740

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TAG ASSETS LIMITED (REGISTERED NUMBER: 10602541)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 7 October 2024 and were signed by:





T D A Good - Director


TAG ASSETS LIMITED (REGISTERED NUMBER: 10602541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

TAG Assets 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.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TAG ASSETS LIMITED (REGISTERED NUMBER: 10602541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 50 101,988 102,038
Additions - 25,109 25,109
Revaluations - 12,837 12,837
At 31 March 2024 50 139,934 139,984
NET BOOK VALUE
At 31 March 2024 50 139,934 139,984
At 31 March 2023 50 101,988 102,038

Cost or valuation at 31 March 2024 is represented by:

Interest
in Other
associate investments Totals
£    £    £   
Valuation in 2021 - 2,685 2,685
Valuation in 2022 - 722 722
Valuation in 2023 - (4,170 ) (4,170 )
Valuation in 2024 - 12,837 12,837
Cost 50 127,860 127,910
50 139,934 139,984

The company owns 50% of the share capital of Nothing But Limited.

Fixed asset investments are valued at their current market value.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 360 360

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

TAG ASSETS LIMITED (REGISTERED NUMBER: 10602541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. RELATED PARTY DISCLOSURES

During the period, the company received dividends totalling £75,000 (2023 - £66,667) from Nothing But Limited, a company in which TAG Assets Limited owns 50% of the share capital.

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed the directors £Nil (2023 - Nil).

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T D A Good.