ACCOUNTS - Final Accounts

COMMITMENTS UNDER OPERATING LEASES

At 31 December 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

TATTY BOGLE CLUB LTD - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activity00truetrue 08156910 2022-01-01 2022-12-31 08156910 2021-01-01 2021-12-31 08156910 2022-12-31 08156910 2021-12-31 08156910 c:Director2 2022-01-01 2022-12-31 08156910 d:Buildings d:LongLeaseholdAssets 2022-01-01 2022-12-31 08156910 d:Buildings d:LongLeaseholdAssets 2022-12-31 08156910 d:Buildings d:LongLeaseholdAssets 2021-12-31 08156910 d:CurrentFinancialInstruments 2022-12-31 08156910 d:CurrentFinancialInstruments 2021-12-31 08156910 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08156910 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 08156910 d:ShareCapital 2022-12-31 08156910 d:ShareCapital 2021-12-31 08156910 d:RetainedEarningsAccumulatedLosses 2022-12-31 08156910 d:RetainedEarningsAccumulatedLosses 2021-12-31 08156910 c:FRS102 2022-01-01 2022-12-31 08156910 c:Audited 2022-01-01 2022-12-31 08156910 c:FullAccounts 2022-01-01 2022-12-31 08156910 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 08156910 d:WithinOneYear 2022-12-31 08156910 d:WithinOneYear 2021-12-31 08156910 d:BetweenOneFiveYears 2022-12-31 08156910 d:BetweenOneFiveYears 2021-12-31 08156910 d:MoreThanFiveYears 2022-12-31 08156910 d:MoreThanFiveYears 2021-12-31 08156910 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 08156910

TATTY BOGLE CLUB LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

TATTY BOGLE CLUB LIMITED

REGISTERED NUMBER: 08156910

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	3		87,645		90,887
			87,645		90,887
Current assets
Debtors: amounts falling due within one year	4	22,674		13,998
Cash at bank and in hand		1,030		1,763
		23,704		15,761
Creditors: amounts falling due within one year	5	(139,265)		(134,564)
Net current liabilities			(115,561)		(118,803)
Total assets less current liabilities			(27,916)		(27,916)

Net liabilities			(27,916)		(27,916)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(27,918)	(27,918)
	(27,916)	(27,916)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D A Stirling

Director

Date: 17 July 2023

The notes on pages 2 to 5 form part of these financial statements.

Page 1

TATTY BOGLE CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	GENERAL INFORMATION

Tatty Bogle Club Limited is a private company, limited by shares, registered in England and Wales.
The registered office and trading address are disclosed on the Company information page.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The Company is reliant on the Group's cash resources to meet its obligations. The parent company, Inception Ventures Group ("IVG"), has signed a letter of support which confirms its intention to support its subsidiaries for at least 12 months from the date of signing these financial statements.
Based on the availability of support to date and the conclusion within IVG's group financial statements the directors also continue to adopt the going concern basis in the preparing the Company financial statements.

2.3

REVENUE

Turnover comprises rent and other property related costs recharged during the year, exclusive of Value Added Tax.

2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

TATTY BOGLE CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.ACCOUNTING POLICIES (CONTINUED)

2.4

TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property

over lease term

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

DEBTORS

Short term debtors are measured at transaction price, less any impairment.

2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

FINANCIAL INSTRUMENTS

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.8

CREDITORS

Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Short term creditors are measured at the transition price.

2.9

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

TATTY BOGLE CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.ACCOUNTING POLICIES (CONTINUED)

2.10

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

3.	TANGIBLE FIXED ASSETS

		Long-term leasehold property
		£
	Cost or valuation
	At 1 January 2022	283,417
	Additions	3,208
	At 31 December 2022	286,625
	Depreciation
	At 1 January 2022	192,530
	Charge for the year on owned assets	6,450
	At 31 December 2022	198,980
	Net book value
	At 31 December 2022	87,645
	At 31 December 2021	90,887

DEBTORS

					2022	2021
					£	£


Other debtors	22,674	13,998
	22,674	13,998

Page 4

TATTY BOGLE CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5.	CREDITORS: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	547	10,777
Amounts owed to group undertakings	134,913	34,545
Other taxation and social security	-	10,132
Accruals and deferred income	3,805	79,110
	139,265	134,564

Not later than 1 year	127,500	127,500
Later than 1 year and not later than 5 years	510,000	510,000
Later than 5 years	1,083,750	828,750
	1,721,250	1,466,250

7.	RELATED PARTY TRANSACTIONS
	The Company has taken advantage of exemptions from disclosing transactions with related companies under the provisions of Section 33 of Financial Reporting Standard 102.

8.	CONTROLLING PARTY

The ultimate controlling party is Inception Ventures Group Limited which is controlled by its directors.

9.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 17 July 2023 by Emma Bernardez (Senior statutory auditor) on behalf of Haysmacintyre LLP.

Page 5