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REGISTERED NUMBER: 07493434 (England and Wales)















TELLTALE TRADING UK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






TELLTALE TRADING UK LTD (REGISTERED NUMBER: 07493434)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


TELLTALE TRADING UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: J P Dwyer
Mrs C R Dwyer





REGISTERED OFFICE: Sherborne House
Sherborne Avenue
Rear of 378 Cyncoed Road
Cardiff
CF23 6SA





REGISTERED NUMBER: 07493434 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

TELLTALE TRADING UK LTD (REGISTERED NUMBER: 07493434)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 178 52
Cash at bank 30 185
208 237
CREDITORS
Amounts falling due within one year 6 10,685 13,100
NET CURRENT LIABILITIES (10,477 ) (12,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,477

)

(12,863

)

CREDITORS
Amounts falling due after more than one
year

7

51,730

49,240
NET LIABILITIES (62,207 ) (62,103 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (62,307 ) (62,203 )
(62,207 ) (62,103 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 16th August 2024 and were signed on its behalf by:




J P Dwyer - Director


TELLTALE TRADING UK LTD (REGISTERED NUMBER: 07493434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Telltale Trading UK Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a basis other than going concern.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

TELLTALE TRADING UK LTD (REGISTERED NUMBER: 07493434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans from related parties.. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

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 such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original effective interest rate. If the financial instrument has a variable interest rate the currently effective rate under the contract is used.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewards of ownership of the financial asset have been transferred to another party or when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecognises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are 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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, and deposits held at call with banks.

Debtors
Debtors include tax debtors and prepayments.. Prepayments are payments made for goods or services that will be received in the future.

Creditors
Creditors include certain short and long-term financial instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TELLTALE TRADING UK LTD (REGISTERED NUMBER: 07493434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023 6,520
Disposals (6,520 )
At 30th June 2024 -
AMORTISATION
At 1st July 2023 6,520
Eliminated on disposal (6,520 )
At 30th June 2024 -
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 178 52

Included in other debtors is an amount of £35 (2023: £35) which is owed to the company by the director, Mr J Dwyer.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11 -
Trade creditors - 917
Taxation and social security - 29
Other creditors 10,674 12,154
10,685 13,100

Included in other creditors is an amount of £1,382 (2023: £1,382) which is owed to C Dwyer, (director at balance sheet date). These loans are provided interest free and are repayable upon demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 51,730 49,240

Included within other creditors is £51,730 (2023: £49,240) which is owed by the company to Pineshield Management Limited, a company under common control.

TELLTALE TRADING UK LTD (REGISTERED NUMBER: 07493434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. RELATED PARTY DISCLOSURES

An amount of £7,818 (2023: £7,818) in respect of a loan was due to Pineshield Limited at the end of the period.

An amount of £51,730 (2023: £49,240) in respect of a long term loan was due to Pineshield Limited at the end of the period.

These amounts have been loaned to Telltale Trading UK Limited in order to assist with cashflow.

Telltale Investments UK Ltd is the 100% shareholder of Pineshield Management Limited at the reporting date.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Telltale Investments UK Limited.