Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 March 2022 false 1 April 2023 31 March 2024 31 March 2024 13185527 Ms G Beverley Mrs J Cargo Mrs M Fowles true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13185527 2023-03-31 13185527 2024-03-31 13185527 2023-04-01 2024-03-31 13185527 frs-core:CurrentFinancialInstruments 2024-03-31 13185527 frs-core:OtherReservesSubtotal 2024-03-31 13185527 frs-core:SharePremium 2024-03-31 13185527 frs-core:ShareCapital 2024-03-31 13185527 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13185527 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13185527 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13185527 frs-bus:SmallEntities 2023-04-01 2024-03-31 13185527 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13185527 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13185527 1 2023-04-01 2024-03-31 13185527 frs-core:CostValuation 2023-03-31 13185527 frs-core:CostValuation 2024-03-31 13185527 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 13185527 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 13185527 frs-bus:Director1 2023-04-01 2024-03-31 13185527 frs-bus:Director2 2023-04-01 2024-03-31 13185527 frs-bus:Director3 2023-04-01 2024-03-31 13185527 frs-countries:EnglandWales 2023-04-01 2024-03-31 13185527 2022-02-28 13185527 2023-03-31 13185527 2022-03-01 2023-03-31 13185527 frs-core:CurrentFinancialInstruments 2023-03-31 13185527 frs-core:OtherReservesSubtotal 2023-03-31 13185527 frs-core:SharePremium 2023-03-31 13185527 frs-core:ShareCapital 2023-03-31 13185527 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13185527
We Are TALA (Holdings) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13185527
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1 1
1 1
CURRENT ASSETS
Debtors 5 3,490,659 5,311,346
Cash at bank and in hand 1,808,366 8,846
5,299,025 5,320,192
Creditors: Amounts Falling Due Within One Year 6 (127,220 ) (147,675 )
NET CURRENT ASSETS (LIABILITIES) 5,171,805 5,172,517
TOTAL ASSETS LESS CURRENT LIABILITIES 5,171,806 5,172,518
NET ASSETS 5,171,806 5,172,518
CAPITAL AND RESERVES
Called up share capital 139 139
Share premium account 5,098,664 5,098,664
Other reserves 42,656 -
Profit and Loss Account 30,347 73,715
SHAREHOLDERS' FUNDS 5,171,806 5,172,518
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs M Fowles
Director
3 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
We Are TALA (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13185527 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

The presentation currency ot’the financial statements is the Pound Sterling (5:).

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as the group qualifies as a small group, as defined by Section 383 of the Companies Act 2006. As such, these financial statements present information about the company as an individual entity and not about its group.
2.2. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Financial Instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute and financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditor are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investments
Other
£
Cost
As at 1 April 2023 1
As at 31 March 2024 1
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Amounts owed by group undertakings 3,490,659 5,311,346
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6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 1 1
Other creditors 126,987 126,986
Taxation and social security 232 20,688
127,220 147,675
7. Related Party Transactions
At the Balance Sheet date a total of £3,490,659 (2023: £5,311,346) was owed by We Are TALA Limited, a wholly owned subsidiary company. The loan is interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is Grace Beverley by virtue of shareholding.
9. Share based payments
The Company operates an Approved EMI Share Option Plan where certain employees are granted options to purchase shares in the company. On exercise of the options by the employees, the Company issues new shares.
The options are only exercisable on exit - the options have a maximum period of 4 years before they lapse.
The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year under the Approved EMI Share Option Plan.
2024
2024
2023
2023
No.
image
WAEP £
image
No.
image
WAEP £
image
Outstanding at 1st April
61,100
0.53
-
-
Granted during the year
76,468
1.65
61,000
0.53
Lapsed during the year
        (9,424)
1.65
-
-
image
image
image
image
Outstanding at 31 March
128,144
image
1.12
image
61,000
image
0.53
image
Exercisable at 31 March
-
image
-
image
-
image
-
image
The Company is unable to directly measure the fair value of employee services received. Instead the fair value of the share options granted during the year is determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value employee share schemes similar to the scheme the Company have in place.

During the year a charge of £42,656 (2023: Nil) has been recognised.
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