Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31No description of principal activitytrue2021-01-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12024202 2021-01-01 2021-12-31 12024202 2020-01-01 2020-12-31 12024202 2021-12-31 12024202 2020-12-31 12024202 c:Director1 2021-01-01 2021-12-31 12024202 d:CurrentFinancialInstruments 2021-12-31 12024202 d:CurrentFinancialInstruments 2020-12-31 12024202 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12024202 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 12024202 d:ShareCapital 2021-12-31 12024202 d:ShareCapital 2020-12-31 12024202 d:RetainedEarningsAccumulatedLosses 2021-12-31 12024202 d:RetainedEarningsAccumulatedLosses 2020-12-31 12024202 c:FRS102 2021-01-01 2021-12-31 12024202 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 12024202 c:FullAccounts 2021-01-01 2021-12-31 12024202 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 12024202









TAB LONDON TRADE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
TAB LONDON TRADE LIMITED
REGISTERED NUMBER: 12024202

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
27,978
13,221

Cash at bank and in hand
 5 
5,248
-

  
33,226
13,221

Creditors: amounts falling due within one year
 6 
(138,660)
(77,998)

Net current liabilities
  
 
 
(105,434)
 
 
(64,777)

Total assets less current liabilities
  
(105,434)
(64,777)

  

Net liabilities
  
(105,434)
(64,777)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(105,435)
(64,778)

  
(105,434)
(64,777)

Page 1

 
TAB LONDON TRADE LIMITED
REGISTERED NUMBER: 12024202
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 5 August 2022.




D L Kreeger
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
TAB LONDON TRADE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Tab London Trade Limited is a company limited by shares, registered in England and Wales (registered number: 12024202). The registered address of the Company is 64 New Cavendish Street, London W1G 8TB. 

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 following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the Company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the Company. Given that the Company is in a net deficit position, the director has obtained assurances from the Company's parent entities to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them until the Company is in a financial position to do so. As a result, the director considers it appropriate to prepare the financial statements on a going concern basis.
Potential sources of uncertainty noted by the director include the COVID-19 pandemic. However, at the date of this report it is not possible to reliably determine the effects that this will have on the Company.
Accordingly, the director has continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TAB LONDON TRADE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


4.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
-
6,741

Other debtors
99
3,355

Prepayments and accrued income
27,879
3,125

27,978
13,221



5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
5,248
-

5,248
-


Page 4

 
TAB LONDON TRADE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
19,096
47,438

Amounts owed to group undertakings
112,354
24,600

Accruals and deferred income
7,210
5,960

138,660
77,998



7.


Related party transactions

During the year, rent of £13,013 (2020: £29,769) was paid to a company under the common control of a director. At the year-end, the Company owed £112,354 (2020: £19,421) to group undertakings in respect of interest-free loans which are repayable on demand.

 
Page 5