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REGISTERED NUMBER: 13309562 (England and Wales)















TANGLEY INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024






TANGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 13309562)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


TANGLEY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: P E D Cooke
Mrs G F R Vaughan
J E D Cooke





REGISTERED OFFICE: Larkfleet House
Falcon Way
Bourne
Lincolnshire
PE10 0FF





REGISTERED NUMBER: 13309562 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

TANGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 13309562)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,057,945 1,855,295

CURRENT ASSETS
Debtors 5 858 1,720
Cash at bank 91,728 21,262
92,586 22,982
CREDITORS
Amounts falling due within one year 6 3,010,446 2,011,316
NET CURRENT LIABILITIES (2,917,860 ) (1,988,334 )
TOTAL ASSETS LESS CURRENT LIABILITIES 140,085 (133,039 )

CAPITAL AND RESERVES
Called up share capital 7 110 110
Retained earnings 139,975 (133,149 )
140,085 (133,039 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 21 October 2024 and were signed on its behalf by:





P E D Cooke - Director


TANGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 13309562)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Tangley Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
At the statement of financial position date the company had net current liabilities of £2,917,860 (2023: £1,988,334) and net assets of £140,085 (2023: net liabilities £133,039).

The directors are confident in the long term prospects of the investment portfolio and expect profits to be generated in the future.

The company meets its day to day working capital requirements by relying on loans provided by the director. At the balance sheet date the company owed the director £2,999,890 (2023: £1,999,890). The director does not intend to withdraw this funding to the extent that it would jeopardise the company's ability to continue as a going concern. The director will continue to provide additional financial support to the company as required.

For the above reasons, the director believes it is appropriate to prepare the financial statements on the going concern basis.

Financial instruments
The company has chosen to adopt the FRS 102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


TANGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 13309562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Investments
Investments are recognisied initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Change of accounting reference date
The prior year end was shortened from 30 April 2023 to 5 April 2023 so that the financial statement reporting date is in line with the annual reports issued in relation to the fixed asset investments held by the company.

Due to the above, the comparatives are not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 1,855,295
Additions 1,343,638
Disposals (440,188 )
Revaluations 299,200
At 5 April 2024 3,057,945
NET BOOK VALUE
At 5 April 2024 3,057,945
At 5 April 2023 1,855,295

Fixed assets investments were valued at market rate at the period end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 858 498
Prepayments and accrued income - 1,222
858 1,720

TANGLEY INVESTMENTS LIMITED (REGISTERED NUMBER: 13309562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 4,913 6,059
Directors' current accounts 2,999,890 1,999,890
Accruals and deferred income 5,643 5,367
3,010,446 2,011,316

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2024
value £

10 A Ordinary £1 10
30 B Ordinary £1 30
30 C Ordinary £1 30
20 D Ordinary £1 20
20 E Ordinary £1 20

110