Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-01-01property development and property investments66truefalse 10827140 2023-01-01 2023-12-31 10827140 2022-01-01 2022-12-31 10827140 2023-12-31 10827140 2022-12-31 10827140 2022-01-01 10827140 c:Director3 2023-01-01 2023-12-31 10827140 d:FurnitureFittings 2023-01-01 2023-12-31 10827140 d:FurnitureFittings 2023-12-31 10827140 d:FurnitureFittings 2022-12-31 10827140 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10827140 d:ComputerEquipment 2023-01-01 2023-12-31 10827140 d:ComputerEquipment 2023-12-31 10827140 d:ComputerEquipment 2022-12-31 10827140 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10827140 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10827140 d:FreeholdInvestmentProperty 2023-12-31 10827140 d:FreeholdInvestmentProperty 2022-12-31 10827140 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 10827140 d:CurrentFinancialInstruments 2023-12-31 10827140 d:CurrentFinancialInstruments 2022-12-31 10827140 d:Non-currentFinancialInstruments 2023-12-31 10827140 d:Non-currentFinancialInstruments 2022-12-31 10827140 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10827140 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10827140 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10827140 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10827140 d:ShareCapital 2023-12-31 10827140 d:ShareCapital 2022-12-31 10827140 d:ShareCapital 2022-01-01 10827140 d:RevaluationReserve 2023-01-01 2023-12-31 10827140 d:RevaluationReserve 2023-12-31 10827140 d:RevaluationReserve 2022-01-01 2022-12-31 10827140 d:RevaluationReserve 2022-12-31 10827140 d:RevaluationReserve 2022-01-01 10827140 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10827140 d:RetainedEarningsAccumulatedLosses 2023-12-31 10827140 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 10827140 d:RetainedEarningsAccumulatedLosses 2022-12-31 10827140 d:RetainedEarningsAccumulatedLosses 2022-01-01 10827140 d:OtherDeferredTax 2023-12-31 10827140 d:OtherDeferredTax 2022-12-31 10827140 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10827140 c:OrdinaryShareClass1 2023-12-31 10827140 c:FRS102 2023-01-01 2023-12-31 10827140 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10827140 c:FullAccounts 2023-01-01 2023-12-31 10827140 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10827140 2 2023-01-01 2023-12-31 10827140 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10827140










TABORA LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TABORA LTD
REGISTERED NUMBER: 10827140

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,376
701

Investment property
 5 
4,354,830
4,172,567

  
4,360,206
4,173,268

Current assets
  

Debtors
 6 
26,606
17,333

Cash at bank and in hand
  
36,106
61,602

  
62,712
78,935

Creditors: amounts falling due within one year
 7 
(128,894)
(155,626)

Net current liabilities
  
 
 
(66,182)
 
 
(76,691)

Total assets less current liabilities
  
4,294,024
4,096,577

Creditors: amounts falling due after more than one year
 8 
(259,083)
(281,848)

Provisions for liabilities
  

Deferred tax
 9 
(543,866)
(498,301)

  
 
 
(543,866)
 
 
(498,301)

Net assets
  
3,491,075
3,316,428


Capital and reserves
  

Called up share capital 
  
1
1

Fair value reserve
  
1,608,687
1,471,990

Profit and loss account
  
1,882,387
1,844,437

  
3,491,075
3,316,428


Page 1

 
TABORA LTD
REGISTERED NUMBER: 10827140

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: 




A Chavda
Director

Date: 21 September 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
TABORA LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
1
1,292,878
1,899,171
3,192,050


Comprehensive income for the year

Profit for the year
-
-
224,378
224,378

Dividends
-
-
(100,000)
(100,000)

Transfer between reserves
-
179,112
(179,112)
-



At 1 January 2023
1
1,471,990
1,844,437
3,316,428


Comprehensive income for the year

Profit for the year
-
-
174,647
174,647

Transfer between reserves
-
136,697
(136,697)
-


At 31 December 2023
1
1,608,687
1,882,387
3,491,075


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
TABORA LTD
 

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

1.


General information

Tabora Ltd is a private company, limited by shares, and incorporated in England and Wales. The address of its registered office is Suite 1, 1a St Johns Wood Park, London, NW8 6QS.
The financial statements are presentated in pound sterling which is the functional currency of the company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.
Turnover represents rent receivable during the year from investment investment properties. Rental income from investment properties are accrued on a time apportioned basis under the term of the lease.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
TABORA LTD
 

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

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

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.

 
2.7

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.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight-line basis
Computer equipment
-
25%
straight-line basis

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.

 
2.8

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
TABORA LTD
 

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

2.Accounting policies (continued)

 
2.9

Debtors

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

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2023
2022
£
£

Wages and salaries
27,000
27,000

Social security costs
4,141
2,912

31,141
29,912


The average monthly number of employees, including directors, during the year was 6 (2022 - 6).

Page 6

 
TABORA LTD
 

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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 January 2023
7,934
1,800
9,734


Additions
6,037
-
6,037



At 31 December 2023

13,971
1,800
15,771



Depreciation


At 1 January 2023
7,683
1,350
9,033


Charge for the year on owned assets
912
450
1,362



At 31 December 2023

8,595
1,800
10,395



Net book value



At 31 December 2023
5,376
-
5,376



At 31 December 2022
251
450
701

Page 7

 
TABORA LTD
 

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
4,172,567


Surplus on revaluation
182,263



At 31 December 2023
4,354,830

The 2023 valuations were made by the directors, on a fair value for existing use basis.



At 31 December 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,202,276
2,202,276


6.


Debtors

2023
2022
£
£

Due after more than one year

Prepayments and accrued income
3,425
3,725

Due within one year

Other debtors
2,250
2,250

Prepayments and accrued income
20,931
11,358

26,606
17,333


Page 8

 
TABORA LTD
 

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

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
22,149
21,373

Other loans
1,200
-

Amounts owed to group undertakings
62,501
91,080

Corporation tax
8,838
10,736

Other taxation and social security
1,108
828

Other creditors
21,818
21,818

Accruals and deferred income
11,280
9,791

128,894
155,626



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
259,083
281,848


The aggregate amount of creditors for which security has been given amounted to £262,437 (2022 - £277,225) by way of fixed and floating charges over all the assets of the company.
The bank loan of £18,795 (2022 - £25,996) is supported by a guarantee from the UK Government to the bank under the Bounce Back Loan Scheme.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
179,452
198,550




9.


Deferred taxation




2023
2022


£

£






At beginning of year
(498,301)
(298,077)


Charged to profit or loss
(45,565)
(200,224)



At end of year
(543,866)
(498,301)

Page 9

 
TABORA LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value gains on investment properties
(543,866)
(498,301)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1



11.


Related party transactions

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholy owned members of the group.
At the balance sheet date the balance owed to the directors was £1,556 (2022 - £1,556).


12.


Controlling party

The immediate and ultimate parent company is Coruscant Assets Ltd, a company registered in England and Wales. The registered office of Coruscant Assets Ltd is Suite 1, 1a St Johns Wood Park, London, NW8 6QS.


Page 10