Tanglewood Holding Company 3 Limited 14718984 false 2023-03-09 2023-12-31 2023-12-31 The principal activity of the company is The company is set up as a holding company. Digita Accounts Production Advanced 6.30.9574.0 true true 14718984 2023-03-09 2023-12-31 14718984 2023-12-31 14718984 bus:OrdinaryShareClass1 2023-12-31 14718984 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14718984 bus:SmallEntities 2023-03-09 2023-12-31 14718984 bus:AuditExemptWithAccountantsReport 2023-03-09 2023-12-31 14718984 bus:FullAccounts 2023-03-09 2023-12-31 14718984 bus:SmallCompaniesRegimeForAccounts 2023-03-09 2023-12-31 14718984 bus:RegisteredOffice 2023-03-09 2023-12-31 14718984 bus:Director1 2023-03-09 2023-12-31 14718984 bus:Director2 2023-03-09 2023-12-31 14718984 bus:OrdinaryShareClass1 2023-03-09 2023-12-31 14718984 bus:PrivateLimitedCompanyLtd 2023-03-09 2023-12-31 14718984 countries:EnglandWales 2023-03-09 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14718984

Prepared for the registrar

Tanglewood Holding Company 3 Limited
(Formerly Maricare Investments Ltd)

Annual Report and Unaudited Financial Statements

for the Period from 9 March 2023 to 31 December 2023

 

Tanglewood Holding Company 3 Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Tanglewood Holding Company 3 Limited

Company Information

Directors

K Whitehead

M J Whitehead

Registered office

2 Endeavour Park
Boston
Lincolnshire
PE21 7TQ

Accountants

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Tanglewood Holding Company 3 Limited

(Registration number: 14718984)
Balance Sheet as at 31 December 2023

Note

31 December 2023
£

Creditors: Amounts falling due within one year

4

(152,432)

Capital and reserves

 

Called up share capital

5

1

Profit and loss account

(152,433)

Shareholders' deficit

 

(152,432)

For the financial period ending 31 December 2023 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 period 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 February 2025 and signed on its behalf by:
 


M J Whitehead
Director

 

Tanglewood Holding Company 3 Limited

Notes to the Unaudited Financial Statements for the Period from 9 March 2023 to 31 December 2023

 

1

General information

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

The company was formerly known as Maricare Investments Ltd.

The address of its registered office is:
2 Endeavour Park
Boston
Lincolnshire
PE21 7TQ

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

Notwithstanding the net liability position shown on the balance sheet, the financial statements have been prepared on the going concern basis. The directors have considered the forecast cash flows and the cash requirements of the business in their assessment of going concern. As a result of this assessment it was concluded that the cash requirements of the business for the 12 months from signing will be met through a combination of operational cash flows and intergroup loans and thus the business is deemed to operate as a going concern.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Tanglewood Holding Company 3 Limited

Notes to the Unaudited Financial Statements for the Period from 9 March 2023 to 31 December 2023

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was as follows:

 

Tanglewood Holding Company 3 Limited

Notes to the Unaudited Financial Statements for the Period from 9 March 2023 to 31 December 2023

 

4

Creditors

31 December 2023
 £

Due within one year

Trade creditors

27,600

Amounts due to related parties

121,232

Accrued expenses

3,600

152,432

 

5

Share capital

Allotted, called up and fully paid shares

 

31 December 2023

 

No.

£

Ordinary shares of £1 each

1

1

     
 

6

Parent and ultimate parent undertaking

Since 9 May 2024, the company's immediate parent is Tanglewood Shared Services Limited, incorporated in England and Wales.

 The ultimate controlling party is M J Whitehead.

 

7

Disclosure under Section 444(5B) CA 2006

As permitted by Section 444 CA 2006, these accounts do not contain a copy of the company’s Profit and Loss account or a copy of the Directors’ Report. These accounts are unaudited.