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TALEWIND LIMITED

Registered Number
13199208
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TALEWIND LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

ALLENDER, Michael James
FELCE, Georgina Mavis
STOTHARD, Michael

Registered Address

27 Maxwell Road
Bournemouth
BH9 1DQ

Registered Number

13199208 (England and Wales)
TALEWIND LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5112,347156,593
Tangible assets635,52358,076
Investments71-
147,871214,669
Current assets
Debtors8153,583430,777
Cash at bank and on hand514,4301,087,654
668,0131,518,431
Creditors amounts falling due within one year9(37,157)(84,028)
Net current assets (liabilities)630,8561,434,403
Total assets less current liabilities778,7271,649,072
Creditors amounts falling due after one year10(198,650)-
Provisions for liabilities11(6,648)-
Net assets573,4291,649,072
Capital and reserves
Called up share capital326326
Share premium3,081,9653,081,965
Profit and loss account(2,508,862)(1,433,219)
Shareholders' funds573,4291,649,072
The financial statements were approved and authorised for issue by the Board of Directors on 28 February 2024, and are signed on its behalf by:
FELCE, Georgina Mavis
Director
Registered Company No. 13199208
TALEWIND LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Plant and machinery4
Office Equipment5
Intangible assets policy
Intangible assets acquired by the company are stated at cost or valuation less accumulated amortisation and impairment losses. Intangible assets are amortised over a period of 4 years and reviewed annually. Subsequent expenditure on capitalised intangible assets is only capitalised when it increases the future economic benefits derived from the asset to which it relates. Expenditure on internally generated assets is recognised in the accounts as an expense as incurred.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year1922
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23176,984176,984
At 31 December 23176,984176,984
Amortisation and impairment
At 01 January 2320,39120,391
Charge for year44,24644,246
At 31 December 2364,63764,637
Net book value
At 31 December 23112,347112,347
At 31 December 22156,593156,593
6.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 January 236,80072,17878,978
Additions-1,0081,008
Disposals-(6,777)(6,777)
At 31 December 236,80066,40973,209
Depreciation and impairment
At 01 January 231,03919,86320,902
Charge for year1,36016,60517,965
On disposals-(1,181)(1,181)
At 31 December 232,39935,28737,686
Net book value
At 31 December 234,40131,12235,523
At 31 December 225,76152,31558,076
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions11
At 31 December 2311
Net book value
At 31 December 2311
At 31 December 22--

Notes

1Investments in group undertakings and participating interests
8.Debtors

2023

2022

££
Trade debtors / trade receivables4,71339,420
Other debtors102,733385,478
Prepayments and accrued income46,1375,879
Total153,583430,777
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,26740,742
Amounts owed to related parties1-
Taxation and social security26,55237,286
Accrued liabilities and deferred income8,3376,000
Total37,15784,028
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Convertible loans198,650-
Total198,650-
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)6,648-
Total6,648-