Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseInvestment properties22truetruefalse 14143878 2023-06-01 2024-05-31 14143878 2022-05-31 2023-05-31 14143878 2024-05-31 14143878 2023-05-31 14143878 c:Director1 2023-06-01 2024-05-31 14143878 d:PlantMachinery 2023-06-01 2024-05-31 14143878 d:PlantMachinery 2024-05-31 14143878 d:PlantMachinery 2023-05-31 14143878 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 14143878 d:FreeholdInvestmentProperty 2023-06-01 2024-05-31 14143878 d:FreeholdInvestmentProperty 2024-05-31 14143878 d:FreeholdInvestmentProperty 2 2023-06-01 2024-05-31 14143878 d:CurrentFinancialInstruments 2024-05-31 14143878 d:CurrentFinancialInstruments 2023-05-31 14143878 d:Non-currentFinancialInstruments 2024-05-31 14143878 d:Non-currentFinancialInstruments 2023-05-31 14143878 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14143878 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14143878 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14143878 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 14143878 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 14143878 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 14143878 d:ShareCapital 2024-05-31 14143878 d:ShareCapital 2023-05-31 14143878 d:OtherMiscellaneousReserve 2024-05-31 14143878 d:OtherMiscellaneousReserve 2023-05-31 14143878 d:RetainedEarningsAccumulatedLosses 2024-05-31 14143878 d:RetainedEarningsAccumulatedLosses 2023-05-31 14143878 c:FRS102 2023-06-01 2024-05-31 14143878 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14143878 c:FullAccounts 2023-06-01 2024-05-31 14143878 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14143878 f:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 14143878


TANGLEWOOD PROPERTIES LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MAY 2024


















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Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
TANGLEWOOD PROPERTIES LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TANGLEWOOD PROPERTIES LTD
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TANGLEWOOD PROPERTIES LTD for the year ended 31 May 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of TANGLEWOOD PROPERTIES LTD, as a body, in accordance with the terms of our engagement letter dated 25/05/22Our work has been undertaken solely to prepare for your approval the financial statements of TANGLEWOOD PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of TANGLEWOOD PROPERTIES LTD, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TANGLEWOOD PROPERTIES LTD and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that TANGLEWOOD PROPERTIES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TANGLEWOOD PROPERTIES LTD. You consider that TANGLEWOOD PROPERTIES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of TANGLEWOOD PROPERTIES LTD. 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 financial statements.

  



Haggards Crowther LLP
 
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
21 July 2025
Page 1

 
TANGLEWOOD PROPERTIES LTD
REGISTERED NUMBER: 14143878

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
52,057
-

Investment property
 6 
660,213
-

  
712,270
-

Current assets
  

Debtors: amounts falling due within one year
 7 
6,413
600

Cash at bank and in hand
 8 
81,550
255,432

  
87,963
256,032

Creditors: amounts falling due within one year
 9 
(416,222)
(256,630)

Net current liabilities
  
 
 
(328,259)
 
 
(598)

Total assets less current liabilities
  
384,011
(598)

Creditors: amounts falling due after more than one year
 10 
(382,342)
-

  

Net assets/(liabilities)
  
1,669
(598)


Capital and reserves
  

Called up share capital 
  
2
2

Other reserves
 13 
35,113
-

Profit and loss account
 14 
(33,446)
(600)

  
1,669
(598)


Page 2

 
TANGLEWOOD PROPERTIES LTD
REGISTERED NUMBER: 14143878
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 July 2025.




Mrs M M Burman
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
TANGLEWOOD PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Tanglewood Properties Ltd 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.
The principal activity of the company in the year under review was that of property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide rental services is recognised in the period in which the rental services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to the Income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in the Incomes statement in the year in which they are incurred.

Page 4

 
TANGLEWOOD PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income statement.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income statement.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
TANGLEWOOD PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Judgments in applying accounting policies 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. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
53,450



At 31 May 2024

53,450



Depreciation


Charge for the year on owned assets
1,393



At 31 May 2024

1,393



Net book value



At 31 May 2024
52,057



At 31 May 2023
-

Page 6

 
TANGLEWOOD PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Investment property


Freehold investment property

£



Valuation


Additions at cost
625,100


Surplus on revaluation
35,113



At 31 May 2024
660,213


Comprising


Cost
625,100

Annual revaluation surplus/(deficit):


2024
35,113

At 31 May 2024
660,213







7.


Debtors

2024
2023
£
£


Other debtors
6,413
600

6,413
600



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
81,550
255,432

81,550
255,432


Page 7

 
TANGLEWOOD PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
412,200
254,630

Accruals and deferred income
4,022
2,000

416,222
256,630



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
382,342
-

382,342
-



11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
382,342
-

382,342
-

382,342
-


Mortgage 1
On 7 September 2023, the company entered into an interest-only mortgage agreement for a principal amount of £213,649. The mortgage carries a fixed annual interest rate of 5.74% and has a term of 20 years, maturing on 7 September 2043.
Mortgage 2
On 19 January 2024, the company entered into an interest-only mortgage agreement for a principal amount of £168,716. The mortgage has a fixed annual interest rate of 5.09% and a term of 20 years, maturing on 19 January 2044.

Page 8

 
TANGLEWOOD PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

12.


Other reserves

2024
£



At 01 June 2023
-

Transfer from profit and loss account
35,113

At 31 May 2024
35,113


13.


Profit and loss account

2024
£



At 01 June 2023
(600)

Profit for the year
2,267

Transfer to other reserves
(35,113)

(33,446)

 
Page 9