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REGISTERED NUMBER: 13872729 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Tagetes Enterprises Limited

Tagetes Enterprises Limited (Registered number: 13872729)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tagetes Enterprises Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A H Leung
E Y L Leung





REGISTERED OFFICE: 7 Brenkley Way, Blezard Business Park
Seaton Burn
Newcastle Upon Tyne
United Kingdom
NE13 6DS





REGISTERED NUMBER: 13872729 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Tagetes Enterprises Limited (Registered number: 13872729)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,337 1,783
Investment property 5 450,885 288,914
452,222 290,697

CURRENT ASSETS
Debtors 6 1,013 -
Cash at bank 13,462 5,388
14,475 5,388
CREDITORS
Amounts falling due within one year 7 283,324 107,034
NET CURRENT LIABILITIES (268,849 ) (101,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,373

189,051

CREDITORS
Amounts falling due after more than
one year

8

186,977

192,667
NET LIABILITIES (3,604 ) (3,616 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (3,606 ) (3,618 )
(3,604 ) (3,616 )

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

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

Tagetes Enterprises Limited (Registered number: 13872729)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 5 October 2024 and were signed on its behalf by:





E Y L Leung - Director


Tagetes Enterprises Limited (Registered number: 13872729)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Tagetes Enterprises 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.

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.
Computer equipment - 25% 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.

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 2 (2023 - 2 ) .

Tagetes Enterprises Limited (Registered number: 13872729)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 2,377
DEPRECIATION
At 1 February 2023 594
Charge for year 446
At 31 January 2024 1,040
NET BOOK VALUE
At 31 January 2024 1,337
At 31 January 2023 1,783

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 288,914
Additions 161,971
At 31 January 2024 450,885
NET BOOK VALUE
At 31 January 2024 450,885
At 31 January 2023 288,914

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Deferred tax asset 1,013 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 11,724 11,724
Other loans 11,000 -
Directors' loan accounts 259,622 95,310
Accruals and deferred income 978 -
283,324 107,034

Tagetes Enterprises Limited (Registered number: 13872729)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 11,724 11,724
Bank loans - 2-5 years 35,172 35,172
Bank loans more 5 yr by instal 140,081 145,771
186,977 192,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 140,081 145,771