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REGISTERED NUMBER: 01224256 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2024

for

Tadorna Holdings Limited

Tadorna Holdings Limited (Registered number: 01224256)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Tadorna Holdings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs N L Gaisford St Lawrence
G Gaisford St Lawrence





SECRETARY: Mrs N L Gaisford St Lawrence





REGISTERED OFFICE: Church Farmhouse
Main Road
Narborough
Kings Lynn
Norfolk
PE32 1TE





REGISTERED NUMBER: 01224256 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tadorna Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tadorna Holdings Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tadorna Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tadorna Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Tadorna Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tadorna Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tadorna Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tadorna Holdings Limited. You consider that Tadorna Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tadorna Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


30 April 2025

Tadorna Holdings Limited (Registered number: 01224256)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 22,162 25,358
Investment property 5 717,500 732,687
739,662 758,045

CURRENT ASSETS
Debtors 6 200 343
Cash at bank and in hand 5,331 7,448
5,531 7,791
CREDITORS
Amounts falling due within one year 7 110,105 120,888
NET CURRENT LIABILITIES (104,574 ) (113,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,088

644,948

CREDITORS
Amounts falling due after more than one
year

8

(486

)

(1,573

)

PROVISIONS FOR LIABILITIES (35,653 ) (44,479 )
NET ASSETS 598,949 598,896

CAPITAL AND RESERVES
Called up share capital 9 10,003 10,003
Fair value reserve 10 277,877 409,146
Retained earnings 311,069 179,747
SHAREHOLDERS' FUNDS 598,949 598,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:



Mrs N L Gaisford St Lawrence - Director


Tadorna Holdings Limited (Registered number: 01224256)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Tadorna Holdings Limited 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.

At the year end net current liabilities exceeded net assets by £104,574 (2023: £113,097). The directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover 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.
Improvements to property - Nil to 20% on reducing balance
Fixtures and equipment - 10% to 33% on reducing balance

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2023 - 1 ).

Tadorna Holdings Limited (Registered number: 01224256)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 14,448 31,597 46,045
DEPRECIATION
At 1 January 2024 2,303 18,384 20,687
Charge for year 1,214 1,982 3,196
At 31 December 2024 3,517 20,366 23,883
NET BOOK VALUE
At 31 December 2024 10,931 11,231 22,162
At 31 December 2023 12,145 13,213 25,358

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 732,687
Revaluations (15,187 )
At 31 December 2024 717,500
NET BOOK VALUE
At 31 December 2024 717,500
At 31 December 2023 732,687

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2014 250,991
Valuation in 2017 (36,109 )
Valuation in 2022 116,470
Valuation in 2024 (15,187 )
Cost 401,335
717,500

The properties have been revalued by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 200 343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,144 1,171
Taxation and social security 769 479
Other creditors 108,192 119,238
110,105 120,888

Tadorna Holdings Limited (Registered number: 01224256)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 486 1,573

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,003 Ordinary Shares £1 10,003 10,003

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024 409,146
Transfer revaluation (131,269 )

At 31 December 2024 277,877