Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falsetruefalseNo description of principal activity00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10790475 2023-02-01 2024-01-31 10790475 2022-02-01 2023-01-31 10790475 2024-01-31 10790475 2023-01-31 10790475 c:Director1 2023-02-01 2024-01-31 10790475 d:OfficeEquipment 2023-02-01 2024-01-31 10790475 d:CurrentFinancialInstruments 2024-01-31 10790475 d:CurrentFinancialInstruments 2023-01-31 10790475 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 10790475 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 10790475 d:ShareCapital 2024-01-31 10790475 d:ShareCapital 2023-01-31 10790475 d:RetainedEarningsAccumulatedLosses 2024-01-31 10790475 d:RetainedEarningsAccumulatedLosses 2023-01-31 10790475 c:FRS102 2023-02-01 2024-01-31 10790475 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10790475 c:FullAccounts 2023-02-01 2024-01-31 10790475 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10790475 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 10790475










TREEANGLE PRODUCTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
TREEANGLE PRODUCTS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2
Notes to the financial statements
 
 
3 - 5


 
TREEANGLE PRODUCTS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TREEANGLE PRODUCTS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Treeangle Products Limited for the year ended 31 January 2024 which comprise  the Balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Treeangle Products Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of Treeangle Products Limited and state those matters that we have agreed to state to the Board of directors of Treeangle Products Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Treeangle Products Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Treeangle Products 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 loss of Treeangle Products Limited. You consider that Treeangle Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Treeangle Products 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.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
8 October 2024
Page 1

 
TREEANGLE PRODUCTS LIMITED
REGISTERED NUMBER: 10790475

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

  

CURRENT ASSETS
  

Stocks
  
3,220
3,220

Debtors: amounts falling due within one year
 5 
-
186

Cash at bank and in hand
 6 
7
212

  
3,227
3,618

Creditors: amounts falling due within one year
 7 
(82,630)
(74,958)

NET CURRENT LIABILITIES
  
 
 
(79,403)
 
 
(71,340)

  

NET LIABILITIES
  
(79,403)
(71,340)


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
(79,503)
(71,440)

  
(79,403)
(71,340)


The directors consider 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 directors acknowledge their 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.

The Company has opted not to file the statement of comprehensive income 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 on 8 October 2024.



P FRIEDLANDER
Director

Page 2

 
TREEANGLE PRODUCTS LIMITED
 

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

1.


GENERAL INFORMATION

Treeangle Products Limited (the "Company") is a social enterprise working in unison with the registered charities The Treeangle Foundation (UK) and Foundation of Biospheric Activities (Argentina) to create loose tea and related products from an ecological reserve in Central Argentina.
All of the Company's profits are covenanted to its parent entity The Treeangle Foundation (see note 7) and fund the reforestation of areas such as the Champaqui Mountain in Central Argentina.      

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
TREEANGLE PRODUCTS LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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.

 
2.5

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.

 
2.6

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.


3.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised affects only that period or in the period of the revision affects both current and future periods. 


4.


EMPLOYEES

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


5.


DEBTORS

2024
2023
£
£


Other debtors
-
186



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
7
212


Page 4

 
TREEANGLE PRODUCTS LIMITED
 

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

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
960
-

Amounts owed to group undertakings
76,904
68,624

Other taxation and social security
85
-

Director's loan account
3,471
3,850

Accruals and deferred income
1,210
2,484

82,630
74,958



8.


CONTROLLING PARTY

The Company's immediate and ultimate parent is The Treeangle Foundation, a charity registered in England and Wales (registration number 1151933).
Copies of The Treeangle Foundation's financial statements can be obtained from the Charity Commission website.


Page 5