REGISTERED NUMBER: 12870323 (England and Wales)

TAG Sleaford Limited

Unaudited Financial Statements For The Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Francis K Taylor

Mrs Erin M Taylor

REGISTERED OFFICE:

Building 15 Gateway 1000

Whittle Way

Arlington Business Park

Stevenage

SG1 2FP

REGISTERED NUMBER:

12870323 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,145,605

1,747,072

Investments

5

100

100

1,145,705

1,747,172

CURRENT ASSETS

Debtors

6

2,030,148

1,531,654

Cash at bank

390,543

39,562

2,420,691

1,571,216

CREDITORS

Amounts falling due within one year

7

(16,157

)

(200,126

)

NET CURRENT ASSETS

2,404,534

1,371,090

TOTAL ASSETS LESS CURRENT LIABILITIES

3,550,239

3,118,262

CREDITORS

Amounts falling due after more than one year

8

(398,624

)

-

NET ASSETS

3,151,615

3,118,262

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

3,151,613

3,118,260

3,151,615

3,118,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 April 2026 and were signed on its behalf by:

Francis K Taylor - Director

1.	STATUTORY INFORMATION

TAG Sleaford 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Motor

property

property

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

1,710,378

11,209

-

41,495

1,763,082

Additions

-

-

5,575

10,000

15,575

Disposals

(609,330

)

-

-

-

(609,330

)

At 31 December 2024

1,101,048

11,209

5,575

51,495

1,169,327

DEPRECIATION

At 1 January 2024

-

-

-

16,010

16,010

Charge for year

-

-

1,115

6,597

7,712

At 31 December 2024

-

-

1,115

22,607

23,722

NET BOOK VALUE

At 31 December 2024

1,101,048

11,209

4,460

28,888

1,145,605

At 31 December 2023

1,710,378

11,209

-

25,485

1,747,072

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

157,166

159,995

Directors' current accounts

3,315

2,762

160,481

162,757

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,869,667

1,368,897

Aggregate amounts

2,030,148

1,531,654

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,757

-

Trade creditors

2,400

21,162

Other creditors

-

174,964

Accrued expenses

4,000

4,000

16,157

200,126

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Mortgage

398,624

-

Amounts falling due in more than five years:

Repayable by instalments

Mortgage

398,624

-

9.

RESERVES

Retained

earnings

£

At 1 January 2024

3,118,260

Profit for the year

73,353

Dividends

(40,000

)

At 31 December 2024

3,151,613

10.	RELATED PARTY DISCLOSURES

At the year end the directors owed the company £3,315 (2023: £2,762).

Toys and Gamers Ltd is a related party. At the year end TAG Sleaford Ltd is owed by Toys and Gamers Ltd £615,080 (2023: £457,911).

QH Public House Ltd is a related party. At the year end TAG Sleaford Ltd was owed £1,252,480 (2023: £910,485) by QH Public House Ltd.