IRIS Accounts Production v24.2.0.383 05749014 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057490142023-03-31057490142024-03-31057490142023-04-012024-03-31057490142022-03-31057490142022-04-012023-03-31057490142023-03-3105749014ns15:EnglandWales2023-04-012024-03-3105749014ns14:PoundSterling2023-04-012024-03-3105749014ns10:Director12023-04-012024-03-3105749014ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105749014ns10:SmallEntities2023-04-012024-03-3105749014ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105749014ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105749014ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105749014ns10:FullAccounts2023-04-012024-03-3105749014ns10:Director22023-04-012024-03-3105749014ns10:RegisteredOffice2023-04-012024-03-3105749014ns5:CurrentFinancialInstruments2024-03-3105749014ns5:CurrentFinancialInstruments2023-03-3105749014ns5:ShareCapital2024-03-3105749014ns5:ShareCapital2023-03-3105749014ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3105749014ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3105749014ns5:RetainedEarningsAccumulatedLosses2024-03-3105749014ns5:RetainedEarningsAccumulatedLosses2023-03-3105749014ns5:FurnitureFittings2023-04-012024-03-3105749014ns5:ComputerEquipment2023-04-012024-03-3105749014ns5:FurnitureFittings2023-03-3105749014ns5:ComputerEquipment2023-03-3105749014ns5:FurnitureFittings2024-03-3105749014ns5:ComputerEquipment2024-03-3105749014ns5:FurnitureFittings2023-03-3105749014ns5:ComputerEquipment2023-03-3105749014ns5:CostValuation2023-03-3105749014ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3105749014ns5:CostValuation2024-03-3105749014ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105749014ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105749014ns5:DeferredTaxation2023-03-3105749014ns5:DeferredTaxation2023-04-012024-03-3105749014ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 05749014 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TOUCHDOWN PR LIMITED

TOUCHDOWN PR LIMITED (REGISTERED NUMBER: 05749014)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOUCHDOWN PR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms K Bloomgarden
Mr I Glover





REGISTERED OFFICE: Network House
Basing View
Basingstoke
RG21 4HG





REGISTERED NUMBER: 05749014 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

TOUCHDOWN PR LIMITED (REGISTERED NUMBER: 05749014)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 41,851 60,409
Investments 6 - 44,080
41,851 104,489

CURRENT ASSETS
Debtors 7 1,563,105 1,765,409
Cash at bank 928,395 1,924,678
2,491,500 3,690,087
CREDITORS
Amounts falling due within one year 8 (447,660 ) (883,539 )
NET CURRENT ASSETS 2,043,840 2,806,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,085,691

2,911,037

PROVISIONS FOR LIABILITIES 9 (10,500 ) (15,000 )
NET ASSETS 2,075,191 2,896,037

CAPITAL AND RESERVES
Called up share capital 108 108
Share based payment reserve 148,428 94,535
Retained earnings 1,926,655 2,801,394
SHAREHOLDERS' FUNDS 2,075,191 2,896,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 15 August 2024 and were signed on its behalf by:




Mr I Glover - Director


TOUCHDOWN PR LIMITED (REGISTERED NUMBER: 05749014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Touchdown PR 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 (£).


Each unit has been rounded to the nearest whole (1) pound.

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.

Preparation of consolidated financial statements
The financial statements contain information about Touchdown PR Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements. Copies of the consolidated parent accounts can be obtained directly from Ruder Finn Group, Inc., 425 E 53rd St, New York, NY 10022, USA.

Turnover
Turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

TOUCHDOWN PR LIMITED (REGISTERED NUMBER: 05749014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

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.

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.

Current asset investments
Current asset investments are measured at fair value with a corresponding deferred tax balance being recognised.

Going concern
Having reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future.

4. EMPLOYEES

The average number of employees during the year was 17 (2023 - 17 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 58,368 22,218 80,586
Additions - 2,148 2,148
Disposals (500 ) - (500 )
At 31 March 2024 57,868 24,366 82,234
DEPRECIATION
At 1 April 2023 9,412 10,765 20,177
Charge for year 14,373 5,922 20,295
Eliminated on disposal (89 ) - (89 )
At 31 March 2024 23,696 16,687 40,383
NET BOOK VALUE
At 31 March 2024 34,172 7,679 41,851
At 31 March 2023 48,956 11,453 60,409

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 44,080
Impairments (44,080 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 44,080

TOUCHDOWN PR LIMITED (REGISTERED NUMBER: 05749014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 380,938 557,567
Amounts owed by group undertakings 1,083,601 1,161,999
Other debtors - 8
Tax 2,911 -
Accrued income 60,581 -
Prepayments 35,074 45,835
1,563,105 1,765,409

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,582 61,051
Amounts owed to group undertakings 206,247 672,321
Tax - 2,599
Social security and other taxes 48,886 -
VAT 49,749 62,732
Other creditors 11,043 10,483
Deferred income 5,529 -
Accrued expenses 87,624 74,353
447,660 883,539

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,500 15,000

Deferred
tax
£   
Balance at 1 April 2023 15,000
Provided during year (4,500 )
Balance at 31 March 2024 10,500

TOUCHDOWN PR LIMITED (REGISTERED NUMBER: 05749014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. SHARE-BASED PAYMENT TRANSACTIONS

At the balance sheet date, the company had share options granted to 3 individuals.

The equity based scheme has an exercise price of £0.57 per share.

The share options expire in 10 years from the date of grant.

Options are forfeited if the employee leaves the company before they become entitled to exercise the share options.

The following share options are in issue at the year end:

2024


No. of options

Weighted avg.
exercise price (£

)

Balance brought forward63,0000.57
Granted during the year--
Forfeited during the year--
Balance carried forward63,0000.57

Exercisable at year end--

The expense recognised in the year in respect of the share options is £53,893 (2023: £87,172).

The total value of share based payments included within other reserves is £148,428 (2023:£94,535).

The fair value of the share options were calculated using the Black Scholes model.