| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 December 2024 |
| for |
| Tangent Property Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 December 2024 |
| for |
| Tangent Property Limited |
| Tangent Property Limited (Registered number: 10291624) |
| Contents of the Financial Statements |
| for the Year Ended 30 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Tangent Property Limited |
| Company Information |
| for the Year Ended 30 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 6 Queens Court |
| Third Avenue |
| Team Valley |
| Gateshead |
| Tyne and Wear |
| NE11 0BU |
| Tangent Property Limited (Registered number: 10291624) |
| Balance Sheet |
| 30 December 2024 |
| 30.12.24 | 30.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS |
| Tangent Property Limited (Registered number: 10291624) |
| Balance Sheet - continued |
| 30 December 2024 |
| 30.12.24 | 30.12.23 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| Tangent Property Limited (Registered number: 10291624) |
| Notes to the Financial Statements |
| for the Year Ended 30 December 2024 |
| 1. | STATUTORY INFORMATION |
| Tangent Property Limited is a |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| It is the intention of the directors to dispose of the investment property over the forthcoming period. Once the properties are sold off the company is likely to cease to trade. |
| 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 |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Tangent Property Limited (Registered number: 10291624) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 December 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| Disposals | ( |
) |
| At 30 December 2024 |
| DEPRECIATION |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 December 2024 |
| NET BOOK VALUE |
| At 30 December 2024 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 31 December 2023 |
| and 30 December 2024 |
| NET BOOK VALUE |
| At 30 December 2024 |
| At 30 December 2023 |
| The directors reviewed the carrying value of the investment property at the year end and they are of the opinion that the carrying value at cost matches the current market value. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.12.24 | 30.12.23 |
| £ | £ |
| Other debtors |
| Tangent Property Limited (Registered number: 10291624) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 December 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.12.24 | 30.12.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.12.24 | 30.12.23 |
| £ | £ |
| Bank loans |