Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false00truetrue 07275609 2022-07-01 2023-06-30 07275609 2021-07-01 2022-06-30 07275609 2023-06-30 07275609 2022-06-30 07275609 2021-07-01 07275609 c:Director1 2022-07-01 2023-06-30 07275609 d:FurnitureFittings 2022-07-01 2023-06-30 07275609 d:FurnitureFittings 2023-06-30 07275609 d:FurnitureFittings 2022-06-30 07275609 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07275609 d:CurrentFinancialInstruments 2023-06-30 07275609 d:CurrentFinancialInstruments 2022-06-30 07275609 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07275609 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07275609 d:ShareCapital 2022-07-01 2023-06-30 07275609 d:ShareCapital 2023-06-30 07275609 d:ShareCapital 2021-07-01 2022-06-30 07275609 d:ShareCapital 2022-06-30 07275609 d:ShareCapital 2021-07-01 07275609 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 07275609 d:RetainedEarningsAccumulatedLosses 2023-06-30 07275609 d:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 07275609 d:RetainedEarningsAccumulatedLosses 2022-06-30 07275609 d:RetainedEarningsAccumulatedLosses 2021-07-01 07275609 c:FRS102 2022-07-01 2023-06-30 07275609 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07275609 c:FullAccounts 2022-07-01 2023-06-30 07275609 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07275609









TAPROGGE COLLECTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
TAPROGGE COLLECTION LIMITED
REGISTERED NUMBER: 07275609

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
687
-

Tangible assets
  
7,075
8,323

  
7,762
8,323

Current assets
  

Stocks
 5 
773,981
716,012

Debtors: amounts falling due within one year
 6 
40,312
36,421

Cash at bank and in hand
 7 
10,954
25

  
825,247
752,458

Creditors: amounts falling due within one year
 8 
(721,312)
(717,342)

Net current assets
  
 
 
103,935
 
 
35,116

Total assets less current liabilities
  
111,697
43,439

  

Net assets
  
111,697
43,439


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
111,597
43,339

  
111,697
43,439


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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 29 September 2023.

Page 1

 
TAPROGGE COLLECTION LIMITED
REGISTERED NUMBER: 07275609
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023




Silke MJ Rittson-Thomas
Director

The notes on pages 5 to 9 form part of these financial statements.

Page 2

 
TAPROGGE COLLECTION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 July 2022
100
43,339
43,439


Comprehensive income for the year

Profit for the year

-
68,258
68,258


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
68,258
68,258


Total transactions with owners
-
-
-


At 30 June 2023
100
111,597
111,697


The notes on pages 5 to 9 form part of these financial statements.

Page 3

 
TAPROGGE COLLECTION LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 July 2021
100
(1,963)
(1,863)


Comprehensive income for the year

Profit for the year

-
45,302
45,302


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
45,302
45,302


Total transactions with owners
-
-
-


At 30 June 2022
100
43,339
43,439


The notes on pages 5 to 9 form part of these financial statements.

Page 4

 
TAPROGGE COLLECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General Information

Taprogge Collection Limited, a private company limited by shares, is incrporated and domiciled in England and Wales ad has its registered office and place of business at Flat E, 5 Landsdowne Road, London, W11 3AL.


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 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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 5

 
TAPROGGE COLLECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

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.

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
On a reducing balance basis

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.

Page 6

 
TAPROGGE COLLECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

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 Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 7

 
TAPROGGE COLLECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2022
10,250



At 30 June 2023

10,250



Depreciation


At 1 July 2022
1,927


Charge for the year on owned assets
1,248



At 30 June 2023

3,175



Net book value



At 30 June 2023
7,075



At 30 June 2022
8,323


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
773,981
716,012

773,981
716,012



6.


Debtors

2023
2022
£
£


Trade debtors
-
2,800

Amounts owed by group undertakings
38,245
33,621

Other debtors
2,067
-

40,312
36,421


Page 8

 
TAPROGGE COLLECTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,954
25

10,954
25



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
157
157

Amounts owed to group undertakings
31,021
-

Corporation tax
26,920
9,502

Other taxation and social security
-
1,897

Other creditors
661,864
699,746

Accruals and deferred income
1,350
6,040

721,312
717,342



9.


Transactions With Directors

During the year the company made the following advances to Mrs Silka Rittson-Thomas a Director: Other advances totalling £60,849 (2022: £58,353). Repayments made by Mrs Silka Rittson-Thomas to the company during the year were £22,966 (2022: £60,694). At the balance sheet date the company owed the Director £661,864 (2022: £699,746) which is included in other creditors.


10.


Related party transactions

During the year the company paid for expenses of £4,622 on behalf of TheTukTuk Botanics Ltd, a company in which Mrs Silka Rittson-Thomas is both a director and shareholder. At the balancesheet date the intercompany balance owed from TheTukTuk Botanics Ltd was £4,622.                                                  During the year the company recevied a loan sum of £29,544 from The Silvie Fleming Collection, a company in which Mrs Silka Rittson-Thomas is a director. Interest has been charged at 5% per annum.     During the year Taproge Collection Ltd interacted in transactions with The Silvie Fleming Collection Ltd, a company in which Mrs Silka Rittson-Thomas is both a director.

 
Page 9