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Registration number: 06753309

Los Tamaraos Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Los Tamaraos Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Los Tamaraos Limited

Company Information

Directors

Mr C M Mendoza

Mr A Aguirre

Mr M Cruz

Mrs L Carpena

Registered office

First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

Accountants

A J Wheeler Ltd - Trading as Howard Smith & Co
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

 

Los Tamaraos Limited

(Registration number: 06753309)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

218

290

Current assets

 

Debtors

5

42,138

42,139

Cash at bank and in hand

 

3,730

4,032

 

45,868

46,171

Creditors: Amounts falling due within one year

6

(2,259,252)

(2,167,501)

Net current liabilities

 

(2,213,384)

(2,121,330)

Net liabilities

 

(2,213,166)

(2,121,040)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(2,213,167)

(2,121,041)

Shareholders' deficit

 

(2,213,166)

(2,121,040)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

.........................................
Mr C M Mendoza
Director

 

Los Tamaraos Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fitting

25% on reducing balance

 

Los Tamaraos Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 5).

 

Los Tamaraos Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

9,465

9,465

At 29 February 2024

9,465

9,465

Depreciation

At 1 March 2023

9,175

9,175

Charge for the year

72

72

At 29 February 2024

9,247

9,247

Carrying amount

At 29 February 2024

218

218

At 28 February 2023

290

290

5

Debtors

Current

2024
£

2023
£

Other debtors

42,138

42,139

 

42,138

42,139

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,260

7,039

Accruals and deferred income

7,300

4,200

Other creditors

2,249,692

2,156,262

2,259,252

2,167,501

 

Los Tamaraos Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Related party transactions

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

1,795,871

1,795,871

Advanced

91,780

91,780

At end of period

1,887,651

1,887,651

2023

Other related parties
£

Total
£

At start of period

1,692,095

1,692,095

Advanced

103,776

103,776

At end of period

1,795,871

1,795,871

Terms of loans from related parties

The directors have confirmed that the Company will continue to be supported by the related parties.