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REGISTERED NUMBER: 02616545 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TALISMAN TECHNOLOGY LIMITED

TALISMAN TECHNOLOGY LIMITED (REGISTERED NUMBER: 02616545)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TALISMAN TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G Whitfield
J Werner





REGISTERED OFFICE: Wynnefield
Kew Lane
Old Bursledon
Southampton
SO31 8DD





REGISTERED NUMBER: 02616545 (England and Wales)

TALISMAN TECHNOLOGY LIMITED (REGISTERED NUMBER: 02616545)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 456
Investments 5 2,375,829 2,341,156
2,375,829 2,341,612

CURRENT ASSETS
Debtors 6 146,446 112,037
Investments 7 83,770 117,135
Cash at bank 2,533 63,232
232,749 292,404
CREDITORS
Amounts falling due within one year 8 2,664 6,609
NET CURRENT ASSETS 230,085 285,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,605,914

2,627,407

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings 2,455,914 2,477,407
SHAREHOLDERS' FUNDS 2,605,914 2,627,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 17 September 2024 and were signed on its behalf by:





G Whitfield - Director


TALISMAN TECHNOLOGY LIMITED (REGISTERED NUMBER: 02616545)

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

1. STATUTORY INFORMATION

Talisman Technology 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 (£).


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.

Turnover
Turnover, which excludes value added tax, represents the invoiced value of services supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date, with the exception of fixed asset investments which have been valued at the rate of exchange ruling at the date the investment was made. 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.

Investments
Listed investments are disclosed at their fair market value.

Unlisted investments are disclosed at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

TALISMAN TECHNOLOGY LIMITED (REGISTERED NUMBER: 02616545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 10,947
DEPRECIATION
At 1 January 2023 10,491
Charge for year 456
At 31 December 2023 10,947
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 456

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Shares in group undertakings 16,371 16,371
Loans to group undertakings 2,359,458 2,324,785
2,375,829 2,341,156

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 16,371
NET BOOK VALUE
At 31 December 2023 16,371
At 31 December 2022 16,371
Loans to
group
undertakings
£   
At 1 January 2023 2,324,785
New in year 34,673
At 31 December 2023 2,359,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 146,446 112,037

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments 83,770 117,135

TALISMAN TECHNOLOGY LIMITED (REGISTERED NUMBER: 02616545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 551 432
Taxation and social security 113 177
Other creditors 2,000 6,000
2,664 6,609