Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-312021-11-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08235143 2021-11-01 2022-10-31 08235143 2020-11-01 2021-10-31 08235143 2022-10-31 08235143 2021-10-31 08235143 c:Director1 2021-11-01 2022-10-31 08235143 d:MotorVehicles 2021-11-01 2022-10-31 08235143 d:MotorVehicles 2022-10-31 08235143 d:MotorVehicles 2021-10-31 08235143 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08235143 d:FurnitureFittings 2021-11-01 2022-10-31 08235143 d:FurnitureFittings 2022-10-31 08235143 d:FurnitureFittings 2021-10-31 08235143 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08235143 d:OfficeEquipment 2021-11-01 2022-10-31 08235143 d:OfficeEquipment 2022-10-31 08235143 d:OfficeEquipment 2021-10-31 08235143 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08235143 d:ComputerEquipment 2021-11-01 2022-10-31 08235143 d:ComputerEquipment 2022-10-31 08235143 d:ComputerEquipment 2021-10-31 08235143 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08235143 d:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 08235143 d:CurrentFinancialInstruments 2022-10-31 08235143 d:CurrentFinancialInstruments 2021-10-31 08235143 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08235143 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 08235143 d:ShareCapital 2022-10-31 08235143 d:ShareCapital 2021-10-31 08235143 d:RetainedEarningsAccumulatedLosses 2022-10-31 08235143 d:RetainedEarningsAccumulatedLosses 2021-10-31 08235143 c:FRS102 2021-11-01 2022-10-31 08235143 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 08235143 c:FullAccounts 2021-11-01 2022-10-31 08235143 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 08235143 6 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 08235143









TI ORNI PR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
TI ORNI PR LIMITED
REGISTERED NUMBER: 08235143

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,673
64,976

Investments
 5 
230,658
230,658

  
281,331
295,634

Current assets
  

Debtors: amounts falling due within one year
 6 
51,151
46,372

Cash at bank and in hand
  
104,345
407,163

  
155,496
453,535

Creditors: amounts falling due within one year
 7 
(260,476)
(365,544)

Net current (liabilities)/assets
  
 
 
(104,980)
 
 
87,991

Total assets less current liabilities
  
176,351
383,625

  

Net assets
  
176,351
383,625


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
176,350
383,624

  
176,351
383,625


Page 1

 
TI ORNI PR LIMITED
REGISTERED NUMBER: 08235143
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2022

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 income and retained earnings 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 26 October 2023.




Tomer Orni
Director

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

Page 2

 
TI ORNI PR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Ti Orni PR Limited is a private company limited by shares and registered in England and Wales.
The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS.

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

The director believes the company will continue to be a going concern for the foreseeable future notwithstanding the negative impact of the Covid-19 pandemic.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of income and retained earnings.

Page 3

 
TI ORNI PR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.4

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for PR services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, costs incurred and costs to complete that can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recovered.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

 
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.

Page 4

 
TI ORNI PR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
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.

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

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
10%
straight line
Office equipment
-
10%
straight line
Computer equipment
-
10%
straight line

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

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Debtors

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

 
2.11

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.

 
2.12

Creditors

Short term creditors are measured at the transaction price.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
TI ORNI PR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

3.


Employees

The average monthly number of employees, including director, during the year was 2 (2020 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 November 2021
75,940
81,311
14,589
2,078
173,918



At 31 October 2022

75,940
81,311
14,589
2,078
173,918



Depreciation


At 1 November 2021
57,919
47,971
2,844
208
108,942


Charge for the year on owned assets
4,505
8,131
1,459
208
14,303



At 31 October 2022

62,424
56,102
4,303
416
123,245



Net book value



At 31 October 2022
13,516
25,209
10,286
1,662
50,673


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 November 2021
230,658



At 31 October 2022
230,658




Page 6

 
TI ORNI PR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

6.


Debtors

2022
2021
£
£


Trade debtors
4,309
591

Other debtors
46,842
45,781

51,151
46,372



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
5,366
48,976

Corporation tax
55,770
140,619

Other creditors
185,340
163,949

Accruals and deferred income
14,000
12,000

260,476
365,544



8.


Deferred taxation


9.


Pension commitments

The pension cost charge represents contributions payable by the company to the funds and amounted to  £26,973 (2021 - £26,668). At the reporting date, unpaid contributions of £nil (2021: £nil) were due to the funds. 


10.


Commitments under operating leases

The company had no commitments under non-cancellable operating leases at the reporting date.


11.


Related party transactions

At the reporting date, £184,918 (2021 - £159,958) was owed by the company to Mr T Orni, the sole director and shareholder of the company.
During the financial year, Mr T Orni charged the company rent amounting to £28,610 (2021: £28,610).
 

 
Page 7