Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-312022-09-01falseNo description of principal activity1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09959654 2022-09-01 2023-08-31 09959654 2021-09-01 2022-08-31 09959654 2023-08-31 09959654 2022-08-31 09959654 c:Director1 2022-09-01 2023-08-31 09959654 c:Director2 2022-09-01 2023-08-31 09959654 c:RegisteredOffice 2022-09-01 2023-08-31 09959654 d:FurnitureFittings 2022-09-01 2023-08-31 09959654 d:FurnitureFittings 2023-08-31 09959654 d:FurnitureFittings 2022-08-31 09959654 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09959654 d:OfficeEquipment 2022-09-01 2023-08-31 09959654 d:OfficeEquipment 2023-08-31 09959654 d:OfficeEquipment 2022-08-31 09959654 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09959654 d:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 09959654 d:OtherPropertyPlantEquipment 2023-08-31 09959654 d:OtherPropertyPlantEquipment 2022-08-31 09959654 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09959654 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 09959654 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-01 2023-08-31 09959654 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 09959654 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-31 09959654 d:CurrentFinancialInstruments 2023-08-31 09959654 d:CurrentFinancialInstruments 2022-08-31 09959654 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 09959654 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 09959654 d:ShareCapital 2023-08-31 09959654 d:ShareCapital 2022-08-31 09959654 d:RetainedEarningsAccumulatedLosses 2023-08-31 09959654 d:RetainedEarningsAccumulatedLosses 2022-08-31 09959654 c:FRS102 2022-09-01 2023-08-31 09959654 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09959654 c:FullAccounts 2022-09-01 2023-08-31 09959654 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09959654 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure
Company registration number: 09959654







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2023


TILEYARD EDUCATION LTD






































img0d96.png                        

 


TILEYARD EDUCATION LTD
 


 
COMPANY INFORMATION


Directors
Mr P W Kempe 
Mr N I Keynes 




Registered number
09959654



Registered office
Lynton House
7-12 Tavistock Square

London

United Kingdom

WC1H 9LT




Trading Address
Unit A3
Tileyard Road

Kings Cross

London

N7 9AH






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


TILEYARD EDUCATION LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


TILEYARD EDUCATION LTD
REGISTERED NUMBER:09959654



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
144,505
200,346

Tangible assets
 5 
44,525
72,901

  
189,030
273,247

Current assets
  

Debtors: amounts falling due within one year
 6 
42,650
69,529

Cash at bank and in hand
  
11,770
22,625

  
54,420
92,154

Creditors: amounts falling due within one year
 7 
(2,555,367)
(2,288,205)

Net current liabilities
  
 
 
(2,500,947)
 
 
(2,196,051)

Total assets less current liabilities
  
(2,311,917)
(1,922,804)

  

Net liabilities
  
(2,311,917)
(1,922,804)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(2,312,017)
(1,922,904)

  
(2,311,917)
(1,922,804)


Page 1

 


TILEYARD EDUCATION LTD
REGISTERED NUMBER:09959654


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 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 by: 



................................................
Mr P W Kempe
Director

Date: 29 August 2024

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

Page 2

 


TILEYARD EDUCATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Tileyard Education Ltd is a private company limited by shares, registered in England & Wales under the Companies Act,, with company registration number 09959654. The registered address is Lynton House, 7-12 Tavistock Square, London, United Kingdom, WC1H 9LT and principal place of address is Unit 3, Tileyard Road, Kings Cross, London, N7 9AH. 

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 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 following principal accounting policies have been applied:

 
2.2

Going concern

The company made a loss during the year and as at the balance sheet date the company's total liabilities
exceeded its total assets by £2,311,917 (2022: £1,922,804). The company relies upon the continuing support of its directors and their related parties, who have given assurances that they  they will provide additional support as required and will not demand payment of balances they are due until such a time that the company is in a position to repay those without jeopardising its status as a going concern. The directors have therefore considered it to be appropriate to prepare the financial statements on a going concern basis.

 
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.

Revenue generated by Tileyard Education Ltd is recognised in the period in which the services are provided in accordance with the above conditions. 

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Software expenditure
-
20%
straight line

Page 3

 


TILEYARD EDUCATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.5

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, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Studio equipment
-
25%
Office equipment
-
25%

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.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.7

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense 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 current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 4

 


TILEYARD EDUCATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Intangible assets




Software expenditure

£



Cost


At 1 September 2022
279,205



At 31 August 2023

279,205



Amortisation


At 1 September 2022
78,859


Charge for the year on owned assets
55,841



At 31 August 2023

134,700



Net book value



At 31 August 2023
144,505



At 31 August 2022
200,346



Page 5

 


TILEYARD EDUCATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Studio equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2022
4,192
71,181
66,485
141,858


Disposals
(4,192)
(6,458)
(20,455)
(31,105)



At 31 August 2023

-
64,723
46,030
110,753



Depreciation


At 1 September 2022
4,104
22,806
42,047
68,957


Charge for the year on owned assets
88
16,361
11,927
28,376


Disposals
(4,192)
(6,458)
(20,455)
(31,105)



At 31 August 2023

-
32,709
33,519
66,228



Net book value



At 31 August 2023
-
32,014
12,511
44,525



At 31 August 2022
88
48,375
24,438
72,901


6.


Debtors

2023
2022
£
£


Trade debtors
26,192
4,997

Other debtors
100
101

Prepayments and accrued income
16,358
39,431

Tax recoverable
-
25,000

42,650
69,529


Page 6

 


TILEYARD EDUCATION LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
40,152
31,285

Other taxation and social security
10,906
12,873

Other creditors
2,495,010
2,191,444

Accruals and deferred income
9,299
52,603

2,555,367
2,288,205


 
Page 7