Caseware UK (AP4) 2022.0.179 2022.0.179 2022-05-312022-05-312021-05-20truefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity00 13412376 2021-05-19 13412376 2021-05-20 2022-05-31 13412376 2021-01-01 2021-05-19 13412376 2022-05-31 13412376 c:Director3 2021-05-20 2022-05-31 13412376 d:CurrentFinancialInstruments 2022-05-31 13412376 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13412376 d:ShareCapital 2021-05-20 2022-05-31 13412376 d:ShareCapital 2022-05-31 13412376 d:RetainedEarningsAccumulatedLosses 2021-05-20 2022-05-31 13412376 d:RetainedEarningsAccumulatedLosses 2022-05-31 13412376 c:FRS102 2021-05-20 2022-05-31 13412376 c:AuditExempt-NoAccountantsReport 2021-05-20 2022-05-31 13412376 c:FullAccounts 2021-05-20 2022-05-31 13412376 c:PrivateLimitedCompanyLtd 2021-05-20 2022-05-31 iso4217:GBP xbrli:pure

Registered number: 13412376









TALISKER HOUSE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2022

 
TALISKER HOUSE LIMITED
REGISTERED NUMBER:13412376

BALANCE SHEET
AS AT 31 MAY 2022

2022
Note
£

  

Current assets
  

Stocks
 5 
14,609,230

Debtors: amounts falling due within one year
 6 
475,965

  
15,085,195

Creditors: amounts falling due within one year
 7 
(15,421,632)

Net current (liabilities)/assets
  
 
 
(336,437)

Total assets less current liabilities
  
(336,437)

  

Net (liabilities)/assets
  
(336,437)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(336,537)

  
(336,437)


Page 1

 
TALISKER HOUSE LIMITED
REGISTERED NUMBER:13412376
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2022

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 period 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 profit and loss account 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 23 November 2023.




................................................
A D Rahamim
Director

Page 2

 
TALISKER HOUSE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2022


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(336,537)
(336,537)
Total comprehensive income for the period
-
(336,537)
(336,537)

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100


At 31 May 2022
100
(336,537)
(336,437)

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
TALISKER HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2022

1.


General information

Talisker House Limited is a private limited company by shares incorporated in England and Wales. The company's registered number is 13412376 and registered office is 54 Brook's Mews, Mayfair, London, W1K 4EF.

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 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 (see note 3).

The following principal accounting policies have been applied:

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.
The Directors have carefully reviewed the future prospects of the company and have agreed to continue to support the company to meet its day to day working capital requirements, having assessed this the Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future being at least the next 12 months from signing of these financial statements. The parent company has provided confirmation that it will continue to support the company.
The financial statements have therefore been prepared on a going concern basis as the
directors of the Company are satisfied that financial support from the parent company
will be available when required.

Page 4

 
TALISKER HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2022

2.Accounting policies (continued)

 
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 profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

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 weighted average 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.

 
2.7

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.

Page 5

 
TALISKER HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements.


4.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.




5.


Stocks

2022
£

Stock
14,609,230

14,609,230



6.


Debtors

2022
£


Other debtors
475,965

475,965


Page 6

 
TALISKER HOUSE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2022

7.


Creditors: Amounts falling due within one year

2022
£

Other loans
9,696,432

Amounts owed to group undertakings
5,713,800

Accruals and deferred income
11,400

15,421,632


Other loans is secured against the fixed and floating charge on the assets of the company, including the property. The loan is repayable of demand and carried an annual interest of 4.75% per annum. 


8.


Related party transactions

At the balance sheet date, within other creditors is £5,142,420 owed to parent company Damm Capital Ltd. Also, within other creditors is £571,380, provided by  another company having benefical interest. These loans are interest free, unsecured and repayable on demand. Also, included in other debtors is £475,965 owed by  another company with beneficial interest. 


9.


Controlling party

The ultimate parent company is Damm Capital Ltd, a company registered in the UK. The registered office address is 45 Gresham Street, London, EC2V 7BG. 

 
Page 7