2 2 Tanglin 2000 Limited 03507699 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is the management of properties. Digita Accounts Production Advanced 6.30.9574.0 true 03507699 2024-03-01 2025-02-28 03507699 2025-02-28 03507699 core:CurrentFinancialInstruments 2025-02-28 03507699 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 03507699 core:Buildings 2025-02-28 03507699 core:FurnitureFittings 2025-02-28 03507699 core:LandBuildings 2025-02-28 03507699 core:LandBuildings core:LongLeaseholdAssets 2025-02-28 03507699 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-28 03507699 core:PlantMachinery 2025-02-28 03507699 bus:SmallEntities 2024-03-01 2025-02-28 03507699 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 03507699 bus:FilletedAccounts 2024-03-01 2025-02-28 03507699 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 03507699 bus:RegisteredOffice 2024-03-01 2025-02-28 03507699 bus:Director1 2024-03-01 2025-02-28 03507699 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 03507699 core:FurnitureFittings 2024-03-01 2025-02-28 03507699 core:LandBuildings core:LongLeaseholdAssets 2024-03-01 2025-02-28 03507699 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 03507699 core:PlantMachinery 2024-03-01 2025-02-28 03507699 countries:EnglandWales 2024-03-01 2025-02-28 03507699 2024-02-29 03507699 core:FurnitureFittings 2024-02-29 03507699 core:LandBuildings core:LongLeaseholdAssets 2024-02-29 03507699 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 03507699 core:PlantMachinery 2024-02-29 03507699 2023-03-01 2024-02-29 03507699 2024-02-29 03507699 core:CurrentFinancialInstruments 2024-02-29 03507699 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 03507699 core:Buildings 2024-02-29 03507699 core:FurnitureFittings 2024-02-29 03507699 core:LandBuildings 2024-02-29 03507699 core:LandBuildings core:LongLeaseholdAssets 2024-02-29 03507699 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-29 03507699 core:PlantMachinery 2024-02-29 xbrli:pure iso4217:GBP

Registration number: 03507699

Tanglin 2000 Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Tanglin 2000 Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Tanglin 2000 Limited

(Registration number: 03507699)
Statement of Financial Position as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

621,861

621,184

Current assets

 

Debtors

5

371

965

Cash at bank and in hand

 

183,543

173,960

 

183,914

174,925

Creditors: Amounts falling due within one year

6

(12,771)

(6,471)

Net current assets

 

171,143

168,454

Total assets less current liabilities

 

793,004

789,638

Provisions for liabilities

(68,326)

(68,326)

Net assets

 

724,678

721,312

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

724,578

721,212

Shareholders' funds

 

724,678

721,312

For the financial year ending 28 February 2025 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 year 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 12 May 2025 and signed on its behalf by:
 


Mr A J Dixon
Director

 

Tanglin 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

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

The address of its registered office is:
Flat 2
Quayside
5-6 Quay Road The Barbican
Plymouth
Devon
PL1 2JZ

Principal activity

The principal activity of the company is the management of properties.

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 that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Tanglin 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Tanglin 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures and fittings

15% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Tanglin 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4

Tangible assets

Land and buildings
£

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2024

455,000

165,000

744

1,852

622,596

Additions

-

-

-

1,163

1,163

Disposals

-

-

-

(847)

(847)

At 28 February 2025

455,000

165,000

744

2,168

622,912

Depreciation

At 1 March 2024

-

-

572

840

1,412

Charge for the year

-

-

26

302

328

Eliminated on disposal

-

-

-

(689)

(689)

At 28 February 2025

-

-

598

453

1,051

Carrying amount

At 28 February 2025

455,000

165,000

146

1,715

621,861

At 29 February 2024

455,000

165,000

172

1,012

621,184

Included within the net book value of land and buildings above is £455,000 (2024 - £455,000) in respect of freehold land and buildings and £165,000 (2024 - £165,000) in respect of long leasehold land and buildings.
 

Revaluation

The fair value of the company's Land and buildings was revalued on 28 February 2023. An independent valuer was not involved.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £175,075 (2024 - £175,075).

The fair value of the company's Long leasehold land and buildings was revalued on 28 February 2023. An independent valuer was not involved.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £60,866 (2024 - £60,866).

 

Tanglin 2000 Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

5

Debtors

2025
£

2024
£

Prepayments

371

965

371

965

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

5,311

4,833

Accruals and deferred income

7,424

1,638

Other creditors

36

-

12,771

6,471

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

This reserve contains accumulated undistributable reserves totalling £315,958 (2024: £315,958).