Tactical Properties Limited - Accounts to registrar (filleted) - small 18.2
Tactical Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| FOR |
| TACTICAL PROPERTIES LIMITED |
| TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 MARCH 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| TACTICAL PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 MARCH 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803) |
| BALANCE SHEET |
| 31 MARCH 2020 |
| 31.3.20 | 31.3.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium account |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 MARCH 2020 |
| 1. | STATUTORY INFORMATION |
| Tactical Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis of accounting which is only appropriate in the event of continuing forbearance from the Company's creditors. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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 NIL (2019 - NIL). |
| TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 MARCH 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Long | and |
| leasehold | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| TACTICAL PROPERTIES LIMITED (REGISTERED NUMBER: 02202803) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 MARCH 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.20 | 31.3.19 |
| £ | £ |
| Other creditors |
| Directors' current accounts | 5,857,720 | 5,944,359 |
| Accrued expenses and income in advance |
| 8. | ULTIMATE CONTROLLING PARTY |
| Mrs E P Noonan and Ms A P B Byrne Noonan, directors, controls the company by virtue of a controlling interest of 100% of the issued ordinary share capital (60:40). |
| 9. | BALANCE SHEET POSITION |
| The Balance Sheet shows an overall deficiency of £4,791,994 (2019 : £4,802,388) and the largest single creditor is a loan in the sum of £5,857,720 (2019 : £5,944258) from the company directors, who have indicated that they will continue to support the Company in the forseable future, and this being the case the Directors are satisfied that the Company can meet its ongoing liabilities as they fall due for payment. |