Caseware UK (AP4) 2023.0.135 2023.0.135 true52023-01-01false3true 07039915 2023-01-01 2023-12-31 07039915 2022-01-01 2022-12-31 07039915 2023-12-31 07039915 2022-12-31 07039915 2022-01-01 07039915 c:Director4 2023-01-01 2023-12-31 07039915 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 07039915 d:MotorVehicles 2023-01-01 2023-12-31 07039915 d:MotorVehicles 2023-12-31 07039915 d:MotorVehicles 2022-12-31 07039915 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07039915 d:FurnitureFittings 2023-01-01 2023-12-31 07039915 d:FurnitureFittings 2023-12-31 07039915 d:FurnitureFittings 2022-12-31 07039915 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07039915 d:OfficeEquipment 2023-01-01 2023-12-31 07039915 d:OfficeEquipment 2023-12-31 07039915 d:OfficeEquipment 2022-12-31 07039915 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07039915 d:ComputerEquipment 2023-01-01 2023-12-31 07039915 d:ComputerEquipment 2023-12-31 07039915 d:ComputerEquipment 2022-12-31 07039915 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07039915 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07039915 d:CurrentFinancialInstruments 2023-12-31 07039915 d:CurrentFinancialInstruments 2022-12-31 07039915 d:Non-currentFinancialInstruments 2023-12-31 07039915 d:Non-currentFinancialInstruments 2022-12-31 07039915 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07039915 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07039915 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07039915 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07039915 d:ShareCapital 2023-12-31 07039915 d:ShareCapital 2022-12-31 07039915 d:RetainedEarningsAccumulatedLosses 2023-12-31 07039915 d:RetainedEarningsAccumulatedLosses 2022-12-31 07039915 c:FRS102 2023-01-01 2023-12-31 07039915 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07039915 c:FullAccounts 2023-01-01 2023-12-31 07039915 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07039915 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07039915 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07039915 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 07039915 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 07039915 d:LeaseholdImprovements 2022-12-31 07039915 d:LeaseholdImprovements 2023-12-31 07039915 d:LeaseholdImprovements 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure


















Tajfo Limited
























Unaudited financial statements



for the year ended 31 December 2023



Registered number: 07039915

 
Tajfo Limited - Registered number:07039915


Balance sheet
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
11,618
10,504

  
11,618
10,504

Current assets
  

Debtors: amounts falling due within one year
 6 
145,088
113,938

Cash at bank and in hand
 7 
191,912
215,209

  
337,000
329,147

Creditors: amounts falling due within one year
 8 
(49,566)
(41,295)

Net current assets
  
 
 
287,434
 
 
287,852

Total assets less current liabilities
  
299,052
298,356

Creditors: amounts falling due after more than one year
 9 
(250,000)
(250,000)

Provisions for liabilities
  

Deferred tax
 10 
(316)
(836)

  
 
 
(316)
 
 
(836)

Net assets
  
48,736
47,520


Capital and reserves
  

Called up share capital 
  
30,000
30,000

Profit and loss account
  
18,736
17,520

  
48,736
47,520

Page 1

 
Tajfo Limited - Registered number:07039915


Balance sheet (continued)
As at 31 December 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 comprehensive income 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 by: 


G Ambrosetti
Director

Date: 10 April 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
Tajfo Limited
 
 

Notes to the financial statements
for the year ended 31 December 2023

1.


General information

Tajfo Limited is a private company limited by shares and incorporated in England and Wales. The registered office of the Company and its principal place of business is located on 27 Neville Street, London, SW7 3AS. The principal activity of the company is the provision of investment advisory services.

2.Significant 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 financial statements have been prepared under FRS102 Section 1A - small entities.
The financial statements are presented in Pound Sterling (£), which is also the functional currency.
The following principal accounting policies have been applied consistently throughout the year.

  
2.2

Going concern

After reviewing the forecasts and projections the directors have reasonable expectations that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

 
2.3

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.

All revenue arose from services performed within the United kingdom.

  
2.4

Administrative expenses

All expenses have been accounted for on an accruals basis.

Page 3

 
Tajfo Limited
 

Notes to the financial statements
for the year ended 31 December 2023

2.Significant accounting policies (continued)

  
2.5

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expenses recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The taxation charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. 

  
2.6

Deferred taxation

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.7

Tangible assets

Tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Leasehold Improvements
-
Over the lease term
Motor vehicles
-
25% per annum
Fixtures and fittings
-
25% per annum
Office equipment
-
25% per annum
Computer equipment
-
33% per annum

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.

Page 4

 
Tajfo Limited
 

Notes to the financial statements
for the year ended 31 December 2023

2.Significant accounting policies (continued)

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

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.

 
2.10

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows 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 arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instruments.

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 comprehensive income.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between
an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original
effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any
impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation
of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet 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.

 
2.11

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.

Page 5

 
Tajfo Limited
 
 

Notes to the financial statements
for the year ended 31 December 2023

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the companies accounting policies, which are described in note 2, the directors are required to make judgements, estimates and assumptions which affect the amounts reported for assets and liabilities as at the period-end date and amounts reported for revenues and expenses during the period. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. However, the nature of estimation means that actual outcomes could differ from those estimates.
There were no significant estimates or judgements made in the year. 


4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 3).


5.


Tangible assets





Leasehold  Improvement
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£
£



Cost


At 1 January 2023
10,000
-
3,011
3,225
11,427
27,663


Additions
-
3,667
116
600
1,840
6,223



At 31 December 2023

10,000
3,667
3,127
3,825
13,267
33,886



Depreciation


At 1 January 2023
3,667
-
1,795
3,225
8,472
17,159


Charge for the year
2,000
407
765
150
1,787
5,109



At 31 December 2023

5,667
407
2,560
3,375
10,259
22,268



Net book value



At 31 December 2023
4,333
3,260
567
450
3,008
11,618



At 31 December 2022
6,333
-
1,216
-
2,955
10,504
Page 6

 
Tajfo Limited
 
 

Notes to the financial statements
for the year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
139,939
110,442

Other debtors
4,517
1,489

Prepayments and accrued income
632
2,007

145,088
113,938





7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
191,912
215,209

191,912
215,209



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
22,962
20,627

Corporation tax
663
234

Other taxation and social security
14,359
13,372

Other creditors
522
318

Accruals and deferred income
11,060
6,744

49,566
41,295



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
250,000
250,000

250,000
250,000


Page 7

 
Tajfo Limited
 
 

Notes to the financial statements
for the year ended 31 December 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(836)
(2,782)


Charged to statement of comprehensive income
520
1,946



At end of year
(316)
(836)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fixed asset timing differences
(415)
(895)

Short term timing differences
99
59

(316)
(836)

Page 8