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REGISTERED NUMBER: 07019389 (England and Wales)















TANDEM ASSET MANAGEMENT LIMITED

Unaudited Financial Statements

for the Period 1 October 2023 to 29 September 2024






TANDEM ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07019389)

Contents of the Financial Statements
for the Period 1 October 2023 to 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

TANDEM ASSET MANAGEMENT LIMITED

Company Information
for the Period 1 October 2023 to 29 September 2024







DIRECTORS: Mr J Ridings
Mrs C Ridings





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 07019389 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

TANDEM ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07019389)

Balance Sheet
29 September 2024

29.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,864 85

CURRENT ASSETS
Debtors 5 1,666 7,216
Cash at bank 7,564 359
9,230 7,575
CREDITORS
Amounts falling due within one year 6 20,980 7,268
NET CURRENT (LIABILITIES)/ASSETS (11,750 ) 307
TOTAL ASSETS LESS CURRENT
LIABILITIES

114

392

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14 292
SHAREHOLDERS' FUNDS 114 392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 2024 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.

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 21 July 2025 and were signed on its behalf by:





Mr J Ridings - Director


TANDEM ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07019389)

Notes to the Financial Statements
for the Period 1 October 2023 to 29 September 2024


1. STATUTORY INFORMATION

Tandem Asset Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is recognised at the point of service delivery.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 25% Straight Line

Taxation
Taxation for the period 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 period 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.

Going concern
At the date of signing these accounts the directors believe that the company has sufficient reserves to enable the business to continue for the foreseeable future, and therefore continues to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

TANDEM ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07019389)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 29 September 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property equipment Totals
£    £    £   
COST
At 1 October 2023 - 4,067 4,067
Additions 11,157 707 11,864
At 29 September 2024 11,157 4,774 15,931
DEPRECIATION
At 1 October 2023 - 3,982 3,982
Charge for period - 85 85
At 29 September 2024 - 4,067 4,067
NET BOOK VALUE
At 29 September 2024 11,157 707 11,864
At 30 September 2023 - 85 85

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 30.9.23
£    £   
Amounts owed by participating interests - 3,057
Directors' current accounts 772 2,847
Tax 894 894
VAT - 418
1,666 7,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.24 30.9.23
£    £   
Tax 15,757 6,146
Social security and other taxes - 36
VAT 3,757 -
Other creditors 303 -
Accrued expenses 1,163 1,086
20,980 7,268

TANDEM ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 07019389)

Notes to the Financial Statements - continued
for the Period 1 October 2023 to 29 September 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 September 2024 and the year ended 30 September 2023:

29.9.24 30.9.23
£    £   
Mrs C Ridings and Mr J Ridings
Balance outstanding at start of period 2,846 (57 )
Amounts advanced 72,232 75,243
Amounts repaid (74,306 ) (72,340 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 772 2,846

8. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of it's directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tandem Asset Management Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tandem Asset Management Limited for the period ended 29 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tandem Asset Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tandem Asset Management Limited and state those matters that we have agreed to state to the Board of Directors of Tandem Asset Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tandem Asset Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tandem Asset Management Limited 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 Tandem Asset Management Limited. You consider that Tandem Asset Management Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Tandem Asset Management Limited. 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


21 July 2025