Company registration number 14843882 (England and Wales)
TAG LANE HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
TAG LANE HOLDINGS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TAG LANE HOLDINGS LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
Notes
£
£
Fixed assets
Investments
3
6,800,000
Current assets
Debtors
4
40,740
Cash at bank and in hand
27,485
68,225
Creditors: amounts falling due within one year
5
(1,142,482)
Net current liabilities
(1,074,257)
Total assets less current liabilities
5,725,743
Creditors: amounts falling due after more than one year
6
(1,072,500)
Net assets
4,653,243
Capital and reserves
Called up share capital
100
Share premium account
3,400,000
Profit and loss reserves
1,253,143
Total equity
4,653,243

For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 January 2025 and are signed on its behalf by:
Mr C J Venables
Director
Company registration number 14843882 (England and Wales)
TAG LANE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Tag Lane Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Chipnall Sawmill, Cheswardine, Market Drayton, Shropshire, TF9 2RB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

TAG LANE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
Number
Total
6
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
6,800,000
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 3 May 2023
-
Additions
6,800,000
At 30 June 2024
6,800,000
Carrying amount
At 30 June 2024
6,800,000
4
Debtors
2024
Amounts falling due within one year:
£
Amounts owed by group undertakings
40,065
Other debtors
675
40,740
5
Creditors: amounts falling due within one year
2024
£
Other creditors
1,142,482
TAG LANE HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
£
Other creditors
1,072,500
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Director
-
-
576
576
-
576
576
2024-06-302023-05-03falsefalsefalse07 January 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr Charles James VenablesMr Philip  PartonMr Timothy  ScrivensMs Sarah  WhittinghamMr Tom  VenablesMr Alex Downes148438822023-05-032024-06-30148438822024-06-3014843882core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3014843882core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3014843882core:ShareCapital2024-06-3014843882core:SharePremium2024-06-3014843882core:RetainedEarningsAccumulatedLosses2024-06-3014843882bus:Director12023-05-032024-06-3014843882core:WithinOneYear2024-06-3014843882core:CurrentFinancialInstruments2024-06-3014843882core:Non-currentFinancialInstruments2024-06-3014843882bus:PrivateLimitedCompanyLtd2023-05-032024-06-3014843882bus:SmallCompaniesRegimeForAccounts2023-05-032024-06-3014843882bus:FRS1022023-05-032024-06-3014843882bus:AuditExemptWithAccountantsReport2023-05-032024-06-3014843882bus:Director22023-05-032024-06-3014843882bus:Director32023-05-032024-06-3014843882bus:Director42023-05-032024-06-3014843882bus:Director52023-05-032024-06-3014843882bus:Director62023-05-032024-06-3014843882bus:FullAccounts2023-05-032024-06-30xbrli:purexbrli:sharesiso4217:GBP