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REGISTERED NUMBER: 11755307 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

Take Office Limited

Take Office Limited (Registered number: 11755307)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Take Office Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: F A Strachan
W R Ruffler





REGISTERED OFFICE: 1 Empire Mews
London
SW16 2BF





REGISTERED NUMBER: 11755307 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Take Office Limited (Registered number: 11755307)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 339,075 348,450
Tangible assets 5 1,058,181 1,084,308
1,397,256 1,432,758

CURRENT ASSETS
Debtors 6 61,487 65,794
Cash at bank 237,848 168,850
299,335 234,644
CREDITORS
Amounts falling due within one year 7 253,372 268,927
NET CURRENT ASSETS/(LIABILITIES) 45,963 (34,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443,219

1,398,475

CREDITORS
Amounts falling due after more than one
year

8

(1,292,500

)

(1,292,500

)

PROVISIONS FOR LIABILITIES (17,206 ) -
NET ASSETS 133,513 105,975

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 133,511 105,973
SHAREHOLDERS' FUNDS 133,513 105,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Take Office Limited (Registered number: 11755307)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





W R Ruffler - Director


Take Office Limited (Registered number: 11755307)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Take Office Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of forty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 20% on cost
Equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Take Office Limited (Registered number: 11755307)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 375,000
AMORTISATION
At 1 April 2022 26,550
Charge for year 9,375
At 31 March 2023 35,925
NET BOOK VALUE
At 31 March 2023 339,075
At 31 March 2022 348,450

Take Office Limited (Registered number: 11755307)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and
leasehold property fittings Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 900,000 204,650 49,813 24,535 1,178,998
Additions - 10,568 - 376 10,944
At 31 March 2023 900,000 215,218 49,813 24,911 1,189,942
DEPRECIATION
At 1 April 2022 51,000 9,498 22,372 11,820 94,690
Charge for year 18,000 4,160 9,962 4,949 37,071
At 31 March 2023 69,000 13,658 32,334 16,769 131,761
NET BOOK VALUE
At 31 March 2023 831,000 201,560 17,479 8,142 1,058,181
At 31 March 2022 849,000 195,152 27,441 12,715 1,084,308

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 52,360 54,798
Prepayments and accrued income 9,127 10,996
61,487 65,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 10,473 21,770
Corporation tax 24,278 20,260
Social security and other taxes 1,295 1,130
VAT 14,333 16,445
Other creditors 88,338 82,894
Directors' current accounts 73,891 81,620
Accruals and deferred income 40,764 44,808
253,372 268,927

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Directors' loan accounts 1,292,500 1,292,500