Tangerine Trees Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Significant judgements and estimations

In the application of the company’s accounting policies, the director is required to make judgements, estimates and

assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of

the revision and future periods where the revision affects both current and future periods.

1.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

1.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

1.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	20% on cost
Fixtures & Fittings	15% on cost

1.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.7. 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.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not

amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

...CONTINUED

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Tangerine Trees Limited

Notes to the Financial Statements (continued)

For the Period 11 April 2024 to 30 April 2025

1.7. Financial Instruments - continued

deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that

are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

1.8. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

2. Average Number of Employees

Average number of employees, including directors, during the period was: 20

3. Intangible Assets

	Goodwill
	£
Cost
As at 11 April 2024	-
Additions	10,000

As at 30 April 2025	10,000

Amortisation
As at 11 April 2024	-
Provided during the period	667

As at 30 April 2025	667

Net Book Value
As at 30 April 2025	9,333

As at 11 April 2024	-

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 11 April 2024	-	-	-	-
Additions	368,876	38,063	8,122	415,061

As at 30 April 2025	368,876	38,063	8,122	415,061

...CONTINUED

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Tangerine Trees Limited

Notes to the Financial Statements (continued)

For the Period 11 April 2024 to 30 April 2025

Depreciation
As at 11 April 2024	-	-	-	-
Provided during the period	-	4,881	305	5,186

As at 30 April 2025	-	4,881	305	5,186

Net Book Value
As at 30 April 2025	368,876	33,182	7,817	409,875

As at 11 April 2024	-	-	-	-

5. Stocks

	30 April 2025
	£
Stock	10,000

6. Debtors

	30 April 2025
	£
Due within one year
Epos Now Sales Reco	2,420

	2,420

7. Creditors: Amounts Falling Due Within One Year

	30 April 2025
	£
Trade creditors	11,967
PAYE control account	1,115
VAT	23,332
Wages & salaries control account	3,785
Other creditors	2,544
Pensions payable	150
BMA Leisure	90,976
Phillip Gale	90,976
Sion Dennis	90,976
Paul Murphy	90,976
David Lewis	90,976
Accruals	800
Directors' loan accounts	1,126

	499,699

8. Share Capital

	30 April 2025
	£
Allotted, Called up and fully paid	120

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Tangerine Trees Limited

Notes to the Financial Statements (continued)

For the Period 11 April 2024 to 30 April 2025

9. General Information

Tangerine Trees Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15635330 . The registered office is Gales Winebar, 18 Bridge Street, Llangollen, Denbighshire, LL20 8PF.

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		30 April 2025
	Notes	£	£
FIXED ASSETS
Intangible Assets	3		9,333
Tangible Assets	4		409,875

			419,208
CURRENT ASSETS
Stocks	5	10,000
Debtors	6	2,420
Cash at bank and in hand		15,207

		27,627
Creditors: Amounts Falling Due Within One Year	7	(499,699 )

NET CURRENT ASSETS (LIABILITIES)			(472,072 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(52,864 )

NET LIABILITIES			(52,864 )

CAPITAL AND RESERVES
Called up share capital	8		120
Profit and Loss Account			(52,984 )

SHAREHOLDERS' FUNDS			(52,864)