Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-01-01falseNo description of principal activity43true 12171785 2023-01-01 2023-12-31 12171785 2022-01-01 2022-12-31 12171785 2023-12-31 12171785 2022-12-31 12171785 c:Director1 2023-01-01 2023-12-31 12171785 d:FurnitureFittings 2023-01-01 2023-12-31 12171785 d:FurnitureFittings 2023-12-31 12171785 d:FurnitureFittings 2022-12-31 12171785 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12171785 d:CurrentFinancialInstruments 2023-12-31 12171785 d:CurrentFinancialInstruments 2022-12-31 12171785 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12171785 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12171785 d:ShareCapital 2023-12-31 12171785 d:ShareCapital 2022-12-31 12171785 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12171785 c:OrdinaryShareClass1 2023-12-31 12171785 c:OrdinaryShareClass1 2022-12-31 12171785 c:FRS102 2023-01-01 2023-12-31 12171785 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12171785 c:FullAccounts 2023-01-01 2023-12-31 12171785 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12171785 2 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12171785






TELEIOS SERVICES (UK) LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
TELEIOS SERVICES (UK) LIMITED
REGISTERED NUMBER: 12171785

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
102,792
148,487

  
102,792
148,487

Current assets
  

Debtors: amounts falling due within one year
 5 
1,001,930
577,661

Cash at bank and in hand
 6 
27,044
11,161

  
1,028,974
588,822

Creditors: amounts falling due within one year
 7 
(1,131,666)
(737,209)

Net current liabilities
  
 
 
(102,692)
 
 
(148,387)

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


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.





 
Page 1

 
TELEIOS SERVICES (UK) LIMITED
REGISTERED NUMBER: 12171785
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


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 15 April 2024.




A Epstein
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TELEIOS SERVICES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Teleios Services (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is Ground Floor, 53-54 Grosvenor Street, London, W1K 2HU.

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

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:

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

Page 3

 
TELEIOS SERVICES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 4

 
TELEIOS SERVICES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
185,365



At 31 December 2023

185,365



Depreciation


At 1 January 2023
36,878


Charge for the year on owned assets
45,695



At 31 December 2023

82,573



Net book value



At 31 December 2023
102,792



At 31 December 2022
148,487

Page 5

 
TELEIOS SERVICES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by joint ventures and associated undertakings
816,389
407,519

Other debtors
134,212
133,944

Prepayments and accrued income
51,329
36,198

1,001,930
577,661



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
27,044
11,161

27,044
11,161



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,020
2,700

Other taxation and social security
14,583
12,765

Accruals and deferred income
1,108,063
721,744

1,131,666
737,209



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

As at 31 December 2023 the company was owed £816,389 (2022: £407,519) from Teleios Capital Partners LLC an entity in which the company director has an interest. This amount is interest free and has no fixed repayment terms.

 
Page 6