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REGISTERED NUMBER: 04753681 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TALKABOUT BTL LIMITED

TALKABOUT BTL LIMITED (REGISTERED NUMBER: 04753681)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TALKABOUT BTL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr J Bell
Mrs J Bell





SECRETARY: Mrs J Bell





REGISTERED OFFICE: Clifton House
Bunnian Place
Basingstoke
Hampshire
RG21 7JE





REGISTERED NUMBER: 04753681 (England and Wales)






TALKABOUT BTL LIMITED (REGISTERED NUMBER: 04753681)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 564,433 900,751

CURRENT ASSETS
Debtors 6 24,805 20,801
Cash at bank and in hand 111,538 2,820
136,343 23,621
CREDITORS
Amounts falling due within one year 7 27,610 259,048
NET CURRENT ASSETS/(LIABILITIES) 108,733 (235,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

673,166

665,324

CREDITORS
Amounts falling due after more than one
year

8

306,774

313,984
NET ASSETS 366,392 351,340

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 366,092 351,040
SHAREHOLDERS' FUNDS 366,392 351,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 11 March 2024 and were signed on its behalf by:





Mr J Bell - Director


TALKABOUT BTL LIMITED (REGISTERED NUMBER: 04753681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Talkabout BTL 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

TALKABOUT BTL LIMITED (REGISTERED NUMBER: 04753681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 900,751
Additions 150
Disposals (336,468 )
At 30 November 2023 564,433
NET BOOK VALUE
At 30 November 2023 564,433
At 30 November 2022 900,751

At the year end the company held 3 investment properties.

The first property is included £132,736 (2022: £132,736) which is considered to be a reasonable estimate of the open market value of the property at the year end. The cost of this property was £132,736.

The second property is included at £431,698 (2022: £431,698) which is considered to be a reasonable estimate of the open market value of the property at the year end. The cost of this property was £431,698.

The third property was disposed of for £349,580 which is considered to be a reasonable estimate of the open market value of the property at the year end. The cost of this property was £336,468 (2022; £336,318) at the end of 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,808 15,728
Other debtors 3,997 5,073
24,805 20,801

Included in other debtors is £325 (2022: £269) in relation to prepayments and accrued income.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,854 6,620
Trade creditors 10,706 162,455
Taxation and social security 4,542 55
Other creditors 5,508 89,918
27,610 259,048

Included in other creditors is £3,600 (2022: £3,435) in relation to accruals and deferred income.

TALKABOUT BTL LIMITED (REGISTERED NUMBER: 04753681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 306,774 313,984

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 254,447 254,447

Repayable by instalments
Bank loans 10,755 7,215

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 313,628 320,604

The debts are secured with a fixed and floating charge over the properties held by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 A £1 100 100
100 B £1 100 100
300 300