Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true52021-01-01falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11225821 2021-01-01 2021-12-31 11225821 2020-01-01 2020-12-31 11225821 2021-12-31 11225821 2020-12-31 11225821 c:Director1 2021-01-01 2021-12-31 11225821 d:FurnitureFittings 2021-01-01 2021-12-31 11225821 d:FurnitureFittings 2021-12-31 11225821 d:FurnitureFittings 2020-12-31 11225821 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11225821 d:OfficeEquipment 2021-01-01 2021-12-31 11225821 d:OfficeEquipment 2021-12-31 11225821 d:OfficeEquipment 2020-12-31 11225821 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11225821 d:ComputerEquipment 2021-01-01 2021-12-31 11225821 d:ComputerEquipment 2021-12-31 11225821 d:ComputerEquipment 2020-12-31 11225821 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11225821 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11225821 d:CurrentFinancialInstruments 2021-12-31 11225821 d:CurrentFinancialInstruments 2020-12-31 11225821 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11225821 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11225821 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11225821 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 11225821 d:ShareCapital 2021-12-31 11225821 d:ShareCapital 2020-12-31 11225821 d:RetainedEarningsAccumulatedLosses 2021-12-31 11225821 d:RetainedEarningsAccumulatedLosses 2020-12-31 11225821 c:FRS102 2021-01-01 2021-12-31 11225821 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11225821 c:FullAccounts 2021-01-01 2021-12-31 11225821 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 11225821









TAB LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
TAB LONDON LIMITED
REGISTERED NUMBER: 11225821

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,388
11,868

  
18,388
11,868

Current assets
  

Debtors: amounts falling due within one year
 5 
61,208,094
19,686,506

Cash at bank and in hand
 6 
1,671,588
929,494

  
62,879,682
20,616,000

Creditors: amounts falling due within one year
 7 
(61,725,371)
(20,251,633)

Net current assets
  
 
 
1,154,311
 
 
364,367

Total assets less current liabilities
  
1,172,699
376,235

Creditors: amounts falling due after more than one year
  
-
(50,000)

  

Net assets
  
1,172,699
326,235


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,171,699
325,235

  
1,172,699
326,235


Page 1

 
TAB LONDON LIMITED
REGISTERED NUMBER: 11225821
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider 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 directors acknowledge their 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 by: 




D L Kreeger
Director
Date: 5 August 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

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

1.


General information

Tab London Limited is a private company limited by shares, incorporated in England & Wales (registered number: 11225821). The registered office of the Company is 64 New Cavendish Street, London, W1G 8TB.
The principal activity of the Company is credit granting and fund management activities.
The financial statements are presented in Sterling, which is the functional currency of the Company.

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. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Potential sources of uncertainty noted by the directors 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 directors have 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 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
2.8

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 4

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

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

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.

 
2.9

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.

 
2.10

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.

 
2.11

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 5 (2020 - 5).

Page 5

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

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2021
3,986
-
9,972
13,958


Additions
1,125
6,260
3,764
11,149



At 31 December 2021

5,111
6,260
13,736
25,107



Depreciation


At 1 January 2021
830
-
1,260
2,090


Charge for the year on owned assets
1,000
1,051
2,578
4,629



At 31 December 2021

1,830
1,051
3,838
6,719



Net book value



At 31 December 2021
3,281
5,209
9,898
18,388


5.


Debtors

2021
2020
£
£


Trade debtors
1,000
-

Amounts owed by group undertakings
1,181,750
380,935

Other debtors
59,688,111
19,202,101

Prepayments and accrued income
337,233
103,470

61,208,094
19,686,506



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
1,671,588
929,494

Less: bank overdrafts
(598)
-

1,670,990
929,494


Page 6

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

7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
598
-

Trade creditors
24,223
-

Amounts owed to group undertakings
176,979
-

Corporation tax
190,905
63,648

Other creditors
61,259,477
20,170,484

Accruals and deferred income
73,189
17,501

61,725,371
20,251,633


 
Page 7