Company Registration No. 04380926 (England and Wales)
TANGERINE PARTNERSHIP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 APRIL 2025
30 April 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
TANGERINE PARTNERSHIP LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
TANGERINE PARTNERSHIP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 APRIL 2025
30 April 2025
- 1 -
30 April 2025
28 February 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
15,937
18,000
Tangible assets
4
110,005
160,316
Investments
5
20
20
125,962
178,336
Current assets
Debtors
6
1,971,990
2,067,837
Cash at bank and in hand
1,939,941
1,443,735
3,911,931
3,511,572
Creditors: amounts falling due within one year
7
(3,072,502)
(2,963,640)
Net current assets
839,429
547,932
Total assets less current liabilities
965,391
726,268
Creditors: amounts falling due after more than one year
8
(29,305)
(43,465)
Provisions for liabilities
(2,801)
(16,539)
Net assets
933,285
666,264
Capital and reserves
Called up share capital
10
100
100
Share premium account
9,900
9,900
Capital redemption reserve
100
100
Profit and loss reserves
923,185
656,164
Total equity
933,285
666,264
TANGERINE PARTNERSHIP LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial period ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 December 2025 and are signed on its behalf by:
Mrs S P Gregory
Mrs M L Harding de Pol
Director
Director
Company registration number 04380926 (England and Wales)
TANGERINE PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Tangerine Partnership Limited is a private company limited by shares incorporated in England and Wales. The registered office is Giants Basin, Potato Wharf, Castlefield, Manchester, M3 4NB.

1.1
Reporting period

The financial statements are presented for a period longer than one year to enhance the company's operating efficiencies. As such, comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired at cost are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Branding costs
50% on cost
Website costs
50% on cost
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

TANGERINE PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
33% on cost
Computer equipment
33%-50% on cost
Motor vehicles
20% on cost
Studio equipment
50% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
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.

1.7
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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

TANGERINE PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2024
Number
Number
Total
109
109
3
Intangible fixed assets
Branding costs
Website costs
Total
£
£
£
Cost
At 29 February 2024
18,000
-
0
18,000
Additions
-
0
18,408
18,408
At 30 April 2025
18,000
18,408
36,408
Amortisation and impairment
At 29 February 2024
-
0
-
0
-
0
Amortisation charged for the period
10,500
9,971
20,471
At 30 April 2025
10,500
9,971
20,471
Carrying amount
At 30 April 2025
7,500
8,437
15,937
At 28 February 2024
18,000
-
0
18,000
TANGERINE PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 6 -
4
Tangible fixed assets
Fixtures, fittings and equipment
Computer equipment
Motor vehicles
Studio equipment
Total
£
£
£
£
£
Cost
At 29 February 2024
295,080
731,990
78,000
48,276
1,153,346
Additions
395
43,202
-
0
9,520
53,117
Disposals
-
0
(29,947)
-
0
-
0
(29,947)
At 30 April 2025
295,475
745,245
78,000
57,796
1,176,516
Depreciation and impairment
At 29 February 2024
275,486
648,607
27,300
41,637
993,030
Depreciation charged in the period
11,853
63,189
18,200
8,096
101,338
Eliminated in respect of disposals
-
0
(27,857)
-
0
-
0
(27,857)
At 30 April 2025
287,339
683,939
45,500
49,733
1,066,511
Carrying amount
At 30 April 2025
8,136
61,306
32,500
8,063
110,005
At 28 February 2024
19,594
83,383
50,700
6,639
160,316
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
20
20
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,240,917
1,887,467
Other debtors
731,073
180,370
1,971,990
2,067,837
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
451,901
262,157
Taxation and social security
618,124
491,866
Other creditors
2,002,477
2,209,617
3,072,502
2,963,640
TANGERINE PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 7 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
29,305
43,465
9
Secured creditors

Hire purchase liabilities totalling £41,485 (2024 - £53,812) are secured on the assets to which they relate.

10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
26
26
26
26
Ordinary B shares of £1 each
64
64
64
64
Ordinary C shares of £1 each
10
10
10
10
100
100
100
100
TANGERINE PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2025
- 8 -
11
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
As restated
£
£
Total commitments
1,681,859
1,892,814
As lessor
Future amounts receivable under operating leases:
2025
2024
As restated
£
£
Total commitments
3,000
17,000

Restatement of prior year commitments

The operating lease commitments as at the 2024 period end date have been amended. Th ese amendment s reflects the existence of lease agreement s which were in place at the period end date. Upon subsequent review and confirmation of the agreement s, the prior year commitment s ha ve been restated to include the relevant amounts, and the commitments are still in place at the 2025 period end.

12
Related party transactions

During the year, the company paid amounts of £3 61,120 (202 4 - £361,119) to the Employee Ownership Trust.

At the reporting date, the company was due £17,960 (202 4 - £17,960) from Tangerine Partnership Employee Ownership Trust. This loan is interest free and has no fixed repayment terms.

2025-04-30 2024-02-29 false false false 22 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs S Lindsay MBE Mrs S P Gregory Mrs M L Harding de Pol Mrs S H Halton Mrs H R Lee Mr M Emblem 04380926 2024-02-29 2025-04-30 04380926 2025-04-30 04380926 2024-02-28 04380926 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-04-30 04380926 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2025-04-30 04380926 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-02-28 04380926 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2024-02-28 04380926 core:FurnitureFittings 2025-04-30 04380926 core:ComputerEquipment 2025-04-30 04380926 core:MotorVehicles 2025-04-30 04380926 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2025-04-30 04380926 core:FurnitureFittings 2024-02-28 04380926 core:ComputerEquipment 2024-02-28 04380926 core:MotorVehicles 2024-02-28 04380926 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-02-28 04380926 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 04380926 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 04380926 core:WithinOneYear 2025-04-30 04380926 core:WithinOneYear 2024-02-28 04380926 core:AfterOneYear 2025-04-30 04380926 core:AfterOneYear 2024-02-28 04380926 core:CurrentFinancialInstruments 2025-04-30 04380926 core:CurrentFinancialInstruments 2024-02-28 04380926 core:ShareCapital 2025-04-30 04380926 core:ShareCapital 2024-02-28 04380926 core:SharePremium 2025-04-30 04380926 core:SharePremium 2024-02-28 04380926 core:CapitalRedemptionReserve 2025-04-30 04380926 core:CapitalRedemptionReserve 2024-02-28 04380926 core:RetainedEarningsAccumulatedLosses 2025-04-30 04380926 core:RetainedEarningsAccumulatedLosses 2024-02-28 04380926 core:ShareCapitalOrdinaryShareClass2 2025-04-30 04380926 core:ShareCapitalOrdinaryShareClass2 2024-02-28 04380926 core:ShareCapitalOrdinaryShareClass3 2025-04-30 04380926 core:ShareCapitalOrdinaryShareClass3 2024-02-28 04380926 core:ShareCapitalOrdinaryShareClass4 2025-04-30 04380926 core:ShareCapitalOrdinaryShareClass4 2024-02-28 04380926 core:ShareCapitalOrdinaryShares 2025-04-30 04380926 core:ShareCapitalOrdinaryShares 2024-02-28 04380926 bus:Director2 2024-02-29 2025-04-30 04380926 bus:Director3 2024-02-29 2025-04-30 04380926 core:IntangibleAssetsOtherThanGoodwill 2024-02-29 2025-04-30 04380926 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-02-29 2025-04-30 04380926 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2024-02-29 2025-04-30 04380926 core:FurnitureFittings 2024-02-29 2025-04-30 04380926 core:ComputerEquipment 2024-02-29 2025-04-30 04380926 core:MotorVehicles 2024-02-29 2025-04-30 04380926 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-02-29 2025-04-30 04380926 2023-03-01 2024-02-28 04380926 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-02-28 04380926 core:Non-standardIntangibleAssetClass2ComponentIntangibleAssetsOtherThanGoodwill 2024-02-28 04380926 2024-02-28 04380926 core:FurnitureFittings 2024-02-28 04380926 core:ComputerEquipment 2024-02-28 04380926 core:MotorVehicles 2024-02-28 04380926 core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment 2024-02-28 04380926 core:Non-currentFinancialInstruments 2025-04-30 04380926 core:Non-currentFinancialInstruments 2024-02-28 04380926 bus:OrdinaryShareClass2 2024-02-29 2025-04-30 04380926 bus:OrdinaryShareClass3 2024-02-29 2025-04-30 04380926 bus:OrdinaryShareClass4 2024-02-29 2025-04-30 04380926 bus:OrdinaryShareClass2 2025-04-30 04380926 bus:OrdinaryShareClass2 2024-02-28 04380926 bus:OrdinaryShareClass3 2025-04-30 04380926 bus:OrdinaryShareClass3 2024-02-28 04380926 bus:OrdinaryShareClass4 2025-04-30 04380926 bus:OrdinaryShareClass4 2024-02-28 04380926 bus:AllOrdinaryShares 2025-04-30 04380926 bus:AllOrdinaryShares 2024-02-28 04380926 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-04-30 04380926 bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-04-30 04380926 bus:FRS102 2024-02-29 2025-04-30 04380926 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-04-30 04380926 bus:Director1 2024-02-29 2025-04-30 04380926 bus:Director4 2024-02-29 2025-04-30 04380926 bus:Director5 2024-02-29 2025-04-30 04380926 bus:Director6 2024-02-29 2025-04-30 04380926 bus:FullAccounts 2024-02-29 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP