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REGISTERED NUMBER: 04134512 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

TASSPARK LIMITED

TASSPARK LIMITED (REGISTERED NUMBER: 04134512)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TASSPARK LIMITED

Company Information
for the Year Ended 31st March 2025







DIRECTORS: Mr M A Livesey
Mrs Y Ogden





SECRETARY: Mr M A Livesey





REGISTERED OFFICE: 85 Todd Lane North
Lostock Hall
Preston
PR5 5UR





REGISTERED NUMBER: 04134512 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

TASSPARK LIMITED (REGISTERED NUMBER: 04134512)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,573,526 1,503,526

CURRENT ASSETS
Debtors 5 2,495 -
Cash at bank 74,751 98,200
77,246 98,200
CREDITORS
Amounts falling due within one year 6 93,247 109,856
NET CURRENT LIABILITIES (16,001 ) (11,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,557,525

1,491,870

CREDITORS
Amounts falling due after more than one
year

7

(518,829

)

(550,509

)

PROVISIONS FOR LIABILITIES (39,675 ) (20,772 )
NET ASSETS 999,021 920,589

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non-distributable reserves 248,321 217,852
Retained earnings 750,600 702,637
SHAREHOLDERS' FUNDS 999,021 920,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

TASSPARK LIMITED (REGISTERED NUMBER: 04134512)

Balance Sheet - continued
31st March 2025


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 15th June 2025 and were signed on its behalf by:





Mr M A Livesey - Director


TASSPARK LIMITED (REGISTERED NUMBER: 04134512)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Tasspark 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.

Revenue recognition
Turnover represents net rents receivable.

Investment property
Investment properties are held to earn rentals. They are initially measured at cost, including transaction costs. Subsequently they are measured at fair value and are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair values are included in the Statement of Income in the period in which they arise.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Deferred tax
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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

TASSPARK LIMITED (REGISTERED NUMBER: 04134512)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024 1,503,526
Additions 20,628
Revaluations 49,372
At 31st March 2025 1,573,526
NET BOOK VALUE
At 31st March 2025 1,573,526
At 31st March 2024 1,503,526

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2004 151,728
Valuation in 2005 66,889
Valuation in 2015 190
Valuation in 2017 18,719
Valuation in 2018 1,098
Valuation in 2025 49,372
Cost 1,285,530
1,573,526

The directors confirm there have been no significant changes in the valuation of the properties in the year ended 31st March 2025.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Prepayments 2,495 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 5,260 7,546
Tax 15,795 16,912
Other creditors 8,277 7,193
Amounts due to assoc co 25,073 25,073
Directors' current accounts 22,000 22,000
Accrued expenses 11,842 26,132
93,247 109,856

TASSPARK LIMITED (REGISTERED NUMBER: 04134512)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bounce back loan 1-2 years 2,400 5,000
Bounce back loan 2-5 years - 2,470
Directors loan accounts 473,345 485,345
Amounts due to assoc co 43,084 57,694
518,829 550,509

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 7,400 12,470

The loan was taken out under the government-backed Bounceback Loan scheme.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the 31st March 2025, the company owed £495,345 to its directors (2024: £507,345). No interest has been charged to the company in respect of these loans and there is no formal repayment date for these loans. £473,345 (2024: £485,345) of the loans are classified in creditors due after more than one year.

At the 31st March 2025, the company owed £5,073 (2024: £5,073) to Cartmell & Barlow Limited, a company under the control of Mr M A Livesey (a director). No interest has been charged to the company in respect of this amount.

At the 31st March 2025, the company owed £63,083 (2024: £77,693) to B Livesey Limited, a company under the control of Mr M A Livesey (a director). Interest is charged at 2% above base rate.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M A Livesey.