Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falseThe principal activity of the company throughout the period was that of the provision of information for the financial markets.66falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07094039 2022-12-01 2023-11-30 07094039 2021-12-01 2022-11-30 07094039 2023-11-30 07094039 2022-11-30 07094039 c:Director2 2022-12-01 2023-11-30 07094039 d:OfficeEquipment 2022-12-01 2023-11-30 07094039 d:OfficeEquipment 2023-11-30 07094039 d:OfficeEquipment 2022-11-30 07094039 d:CurrentFinancialInstruments 2023-11-30 07094039 d:CurrentFinancialInstruments 2022-11-30 07094039 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07094039 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 07094039 d:ShareCapital 2023-11-30 07094039 d:ShareCapital 2022-11-30 07094039 d:RetainedEarningsAccumulatedLosses 2023-11-30 07094039 d:RetainedEarningsAccumulatedLosses 2022-11-30 07094039 c:OrdinaryShareClass1 2022-12-01 2023-11-30 07094039 c:OrdinaryShareClass1 2023-11-30 07094039 c:OrdinaryShareClass1 2022-11-30 07094039 c:FRS102 2022-12-01 2023-11-30 07094039 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07094039 c:AbridgedAccounts 2022-12-01 2023-11-30 07094039 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07094039 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07094039









BROKERTALK LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023


 
BROKERTALK LIMITED
REGISTERED NUMBER:07094039

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 5 
44,413
48,670

Cash at bank and in hand
 6 
71,389
93,142

  
115,802
141,812

Creditors: amounts falling due within one year
 7 
(230,784)
(235,414)

Net current liabilities
  
 
 
(114,982)
 
 
(93,602)

Total assets less current liabilities
  
(114,982)
(93,602)

Net liabilities
  
(114,982)
(93,602)


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
(115,982)
(94,602)

Shareholders' funds
  
(114,982)
(93,602)


Page 1


 
BROKERTALK LIMITED
REGISTERED NUMBER:07094039
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

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 year 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 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 14 August 2024.




Mr R G Belec
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2


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

1.


General information

The Company is incorporated in England and Wales and is limited by shares.  The principal activity of the Company throughout the period was that of the provision of information for the financial markets. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of 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

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


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

2.Accounting policies (continued)

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25% reducing balance

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 4


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

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 December 2022
12,737



At 30 November 2023

12,737



Depreciation


At 1 December 2022
12,737



At 30 November 2023

12,737



Net book value



At 30 November 2023
-



At 30 November 2022
-

Page 5


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

5.


Debtors

2023
2022
£
£


Trade debtors
37,076
42,406

Other debtors
7,339
6,266

44,415
48,672



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
71,389
93,142

71,389
93,142



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
109,874
94,197

Amounts owed to group undertakings
39,511
69,294

Other taxation and social security
38,445
31,904

Accruals and deferred income
42,954
40,019

230,784
235,414


Page 6


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

8.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



1,000,000 (2022 - 1,000,000) Ordinary shares of £0.001 each
1,000
1,000



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £6,384 (2022 - £9,239).


10.


Related party transactions

At the year end an amount of £39,511 (2022 - £69,294) was due to In Touch Capital Markets Limited, a company controlled by director, David Fuller.

 
Page 7