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Company Registration No. 11702196 (England and Wales)
Tandm Ventures Limited Unaudited accounts for the year ended 30 November 2024
Tandm Ventures Limited Unaudited accounts Contents
Page
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Tandm Ventures Limited Company Information for the year ended 30 November 2024
Directors
Robert James Simon Neep Eleftheria Neep
Company Number
11702196 (England and Wales)
Registered Office
First Floor 85 Great Portland Street London London W1W 7LT United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Tandm Ventures Limited Accountants' report
Accountants' report to the board of directors of Tandm Ventures Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tandm Ventures Limited for the year ended 30 November 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tandm Ventures Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tandm Ventures Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tandm Ventures Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tandm Ventures Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tandm Ventures Limited. You consider that Tandm Ventures 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 accounts of Tandm Ventures 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 3 April 2025
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Tandm Ventures Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
304,196 
304,196 
Current assets
Debtors
350 
350 
Cash at bank and in hand
448 
891 
798 
1,241 
Creditors: amounts falling due within one year
(96,441)
(98,796)
Net current liabilities
(95,643)
(97,555)
Total assets less current liabilities
208,553 
206,641 
Creditors: amounts falling due after more than one year
(220,762)
(220,762)
Net liabilities
(12,209)
(14,121)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(12,211)
(14,123)
Shareholders' funds
(12,209)
(14,121)
For the year ending 30 November 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Robert James Simon Neep Director Company Registration No. 11702196
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Tandm Ventures Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Tandm Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 11702196. The registered office is First Floor, 85 Great Portland Street, London, London, W1W 7LT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2023
10,776 
At 30 November 2024
10,776 
Depreciation
At 1 December 2023
10,776 
At 30 November 2024
10,776 
Net book value
At 30 November 2024
- 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
304,196 
At 30 November 2024
304,196 
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Tandm Ventures Limited Notes to the Accounts for the year ended 30 November 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
350 
350 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
449 
601 
Loans from directors
95,992 
98,195 
96,441 
98,796 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
220,762 
220,762 
Aggregate of amounts that fall due for payment after five years
220,762 
220,762 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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