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REGISTERED NUMBER: 10631646 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29th February 2024

for

TAYGO MACONDO INVESTMENTS LTD

TAYGO MACONDO INVESTMENTS LTD (REGISTERED NUMBER: 10631646)






Contents of the Financial Statements
for the year ended 29th February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TAYGO MACONDO INVESTMENTS LTD

Company Information
for the year ended 29th February 2024







DIRECTORS: Mrs A J Taylor Gonzalez
F J Gonzalez Novoa





REGISTERED OFFICE: 25 Hartley Hill
Purley
Surrey
CR8 4EP





REGISTERED NUMBER: 10631646 (England and Wales)





ACCOUNTANTS: TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

TAYGO MACONDO INVESTMENTS LTD (REGISTERED NUMBER: 10631646)

Statement of Financial Position
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 215,000 215,000
215,000 215,000

CURRENT ASSETS
Debtors 6 7,735 7,735
Cash at bank 3,527 2,401
11,262 10,136
CREDITORS
Amounts falling due within one year 7 110,873 110,687
NET CURRENT LIABILITIES (99,611 ) (100,551 )
TOTAL ASSETS LESS CURRENT LIABILITIES 115,389 114,449

CREDITORS
Amounts falling due after more than one
year

8

142,576

145,133
NET LIABILITIES (27,187 ) (30,684 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (27,287 ) (30,784 )
SHAREHOLDERS' FUNDS (27,187 ) (30,684 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

TAYGO MACONDO INVESTMENTS LTD (REGISTERED NUMBER: 10631646)

Statement of Financial Position - continued
29th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2024 and were signed on its behalf by:





F J Gonzalez Novoa - Director


TAYGO MACONDO INVESTMENTS LTD (REGISTERED NUMBER: 10631646)

Notes to the Financial Statements
for the year ended 29th February 2024

1. STATUTORY INFORMATION

Taygo Macondo Investments Ltd 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.

Turnover
Revenue 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 cost

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 Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

TAYGO MACONDO INVESTMENTS LTD (REGISTERED NUMBER: 10631646)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1st March 2023
and 29th February 2024 1,280
DEPRECIATION
At 1st March 2023
and 29th February 2024 1,280
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023
and 29th February 2024 215,000
NET BOOK VALUE
At 29th February 2024 215,000
At 28th February 2023 215,000

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2020 (40,713 )
Cost 255,713
215,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Deferred tax 7,735 7,735

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 8,377 8,377
Tax 1,332 1,068
Directors' current accounts 98,681 98,528
Accruals and deferred income 2,483 2,714
110,873 110,687

TAYGO MACONDO INVESTMENTS LTD (REGISTERED NUMBER: 10631646)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 8,377 8,377
Bank loans - 2-5 years 25,778 16,861
Bank loans over 5 yrs 108,421 119,895
142,576 145,133

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 yrs 108,421 119,895