Company registration number 11007715 (England and Wales)
TANGERINE AGRICULTURE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
TANGERINE AGRICULTURE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
TANGERINE AGRICULTURE LIMITED
STATEMENT OF FINANCIAL POSITION
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
4,000,000
4,000,000
Current assets
Debtors
4
8
8
Net current assets
8
8
Net assets
4,000,008
4,000,008
Capital and reserves
Called up share capital
5
8
8
Other reserves
6
4,000,000
4,000,000
Total equity
4,000,008
4,000,008
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 24 June 2025
Mr D A Haythornthwaite
Director
Company registration number 11007715 (England and Wales)
TANGERINE AGRICULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
Tangerine Agriculture Limited is a private company limited by shares incorporated in England and Wales. The registered office is Docklands, Dock Road, Lytham, Lancashire, FY8 5AQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
The financial statements contain information about Tangerine Agriculture Limited as an individual company and do not contain consolidated information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirement to prepare consolidated financial statements.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
No directors received remuneration from the Company in respect of services provided in either the current or prior year. Directors' remuneration is paid by Tangerine Holdings Limited.
TANGERINE AGRICULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
4,000,000
4,000,000
Country of Registration
Subsidiary Undertakings
or incorporation
Class
Share held %
Farmsense Limited
(b)
England
Ordinary
100
Agrilloyd Limited
(c)
England
Ordinary
100
Agri-lloyd International Limited
(c)
England
Ordinary
100
Nutrimix Limited
(a)
England
Ordinary
100
H M Inoculant Limited
(a)
England
Ordinary
100
(a) Docklands, Dock Road, Lytham St. Annes, Lancashire, FY8 5AQ
(b) Animal House, Boundary Road, Lytham St. Annes, England, FY8 5LT
(c) Glendower Road, Southern Avenue Industrial Estate, Leominster, Herefordshire HR6 0RL
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
8
8
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
8
8
8
8
6
Reserves
Other reserve
This reserve represents the amount recognised on the acquisition of the subsidiary companies.
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
David Evans BA FCA
Statutory Auditor:
Bishops Audit Limited
Date of audit report:
26 June 2025
TANGERINE AGRICULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
8
Ultimate Controlling Party
The controlling party is D A Haythornthwaite.