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REGISTERED NUMBER: 02202803 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TACTICAL PROPERTIES LIMITED

TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TACTICAL PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2024







DIRECTORS: E P Noonan
A M P Byrne Noonan





SECRETARY: E P Noonan





REGISTERED OFFICE: 1 High Street
Thatcham
Berks
RG19 3JG





REGISTERED NUMBER: 02202803 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 498,612 499,007
Investments 5 101 101
498,713 499,108

CURRENT ASSETS
Stocks 6 14,994 14,001
Debtors 7 278,721 278,721
Cash at bank 549,651 497,602
843,366 790,324
CREDITORS
Amounts falling due within one year 8 6,087,323 6,046,743
NET CURRENT LIABILITIES (5,243,957 ) (5,256,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,745,244

)

(4,757,311

)

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium account 2,270,402 2,270,402
Retained earnings (7,015,746 ) (7,027,813 )
SHAREHOLDERS' FUNDS (4,745,244 ) (4,757,311 )

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 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.

TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





E P Noonan - Director


TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Tactical Properties 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.

The financial statements have been prepared on a going concern basis of accounting which is only appropriate in the event of continuing forbearance from the Company's creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 15% on cost
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Office
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 498,175 3,436 999 502,610
DEPRECIATION
At 1 April 2023 - 2,854 749 3,603
Charge for year - 145 250 395
At 31 March 2024 - 2,999 999 3,998
NET BOOK VALUE
At 31 March 2024 498,175 437 - 498,612
At 31 March 2023 498,175 582 250 499,007

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 101
NET BOOK VALUE
At 31 March 2024 101
At 31 March 2023 101

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Primo Properties Ltd
Registered office:
Nature of business: Group Holding Company
%
Class of shares: holding
Ordinary 100.00

Williams Holding Ltd
Registered office:
Nature of business: holding company
%
Class of shares: holding
ordinary 100.00

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 14,994 14,001

TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 266,133 266,133
Prepayments 12,588 12,588
278,721 278,721

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 2,925 2,887
Other creditors 725 725
Directors' current accounts 6,081,412 6,040,870
Accrued expenses and income in advance 2,261 2,261
6,087,323 6,046,743

9. ULTIMATE CONTROLLING PARTY

Mrs E P Noonan and Ms A P B Byrne Noonan, directors, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital (60:40).

10. BALANCE SHEET POSITION

The Balance Sheet shows an overall deficiency.The largest single creditor is a loan in the sum £6,081,412 (2023 : £6,040,870) from the company directors, who have indicated that they will continue to support the Company in the forseable future, and this being the case the Directors are satisfied that the Company can meet its ongoing liabilities as they fall due for payment.