Tano Family Company Limited - Accounts to registrar (filleted) - small 23.2.5
Tano Family Company Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2023 |
| FOR |
| TANO FAMILY COMPANY LIMITED |
| TANO FAMILY COMPANY LIMITED (REGISTERED NUMBER: 10515590) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2023 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TANO FAMILY COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 18 Mulberry Avenue |
| Turnstone Park |
| Widnes |
| Cheshire |
| WA8 0WN |
| TANO FAMILY COMPANY LIMITED (REGISTERED NUMBER: 10515590) |
| ABRIDGED BALANCE SHEET |
| 31 MAY 2023 |
| 31.5.23 | 31.5.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Fair value reserve | 6 |
| 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. |
| TANO FAMILY COMPANY LIMITED (REGISTERED NUMBER: 10515590) |
| ABRIDGED BALANCE SHEET - continued |
| 31 MAY 2023 |
| 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 |
| TANO FAMILY COMPANY LIMITED (REGISTERED NUMBER: 10515590) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2023 |
| 1. | STATUTORY INFORMATION |
| Tano Family Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investments in associates |
| Investments in associates are shown at the value of the company's share of the net assets of the associates at the year end. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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 (2022 - NIL). |
| TANO FAMILY COMPANY LIMITED (REGISTERED NUMBER: 10515590) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2023 |
| 4. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST OR VALUATION |
| At 1 June 2022 | 7,022,060 |
| Revaluations | (3,440 | ) |
| At 31 May 2023 | 7,018,620 |
| NET BOOK VALUE |
| At 31 May 2023 | 7,018,620 |
| At 31 May 2022 | 7,022,060 |
| Cost or valuation at 31 May 2023 is represented by: |
| Totals |
| £ |
| Valuation in 2019 | 6,564,146 |
| Valuation in 2020 | 444,449 |
| Valuation in 2021 | 570,311 |
| Valuation in 2022 | (556,980 | ) |
| Valuation in 2023 | (3,440 | ) |
| Cost | 134 |
| 7,018,620 |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 31.5.23 | 31.5.22 |
| £ | £ |
| Cost | 134 | 134 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2022 |
| Additions |
| At 31 May 2023 |
| NET BOOK VALUE |
| At 31 May 2023 |
| At 31 May 2022 |
| TANO FAMILY COMPANY LIMITED (REGISTERED NUMBER: 10515590) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2023 |
| 6. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 June 2022 |
| Revaluation of associates | (3,440 | ) |
| Deferred taxation | 860 |
| At 31 May 2023 |