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Registered number: 08999510
Tanton One Limited
Financial Statements
For The Year Ended 30 April 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08999510
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 920,599 543,228
Cash at bank and in hand 8,876 84,640
929,475 627,868
Creditors: Amounts Falling Due Within One Year 5 (148,393 ) (107,782 )
NET CURRENT ASSETS (LIABILITIES) 781,082 520,086
TOTAL ASSETS LESS CURRENT LIABILITIES 781,082 520,086
Creditors: Amounts Falling Due After More Than One Year 6 (20,954 ) (25,110 )
NET ASSETS 760,128 494,976
CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Profit and Loss Account 660,128 394,976
SHAREHOLDERS' FUNDS 760,128 494,976
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Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Walker
Director
24/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Tanton One Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08999510 . The registered office is Midfield House Nottingham Road, Heronsgate, Rickmansworth, Hertfordshire, WD3 5DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 100,500 39,104
Amounts owed by participating interests 458,753 454,571
Other debtors 361,346 49,553
920,599 543,228
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts 4,156 4,166
Other creditors 2,520 2,400
Taxation and social security 141,717 101,217
148,393 107,782
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans due over 1 and within 5 years 16,515 16,559
Other creditors 4,439 8,551
20,954 25,110
7. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 4,156 4,166
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 16,515 16,559
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Adam Walker 49,553 521,500 210,000 - 361,053
The directors' loan was repaid in full by 20 January 2025.
10. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
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