Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true32023-01-01falseThe principal activity of the company during the period was the provision of space to the owner as part of his contemporary art practice. On occasion, the space is also used to exhibit works by emerging artists supported by the owner with the prospect of some commercial returns thereon.3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09915788 2023-01-01 2023-12-31 09915788 2022-01-01 2022-12-31 09915788 2023-12-31 09915788 2022-12-31 09915788 c:Director1 2023-01-01 2023-12-31 09915788 c:Director2 2023-01-01 2023-12-31 09915788 c:Director3 2023-01-01 2023-12-31 09915788 c:RegisteredOffice 2023-01-01 2023-12-31 09915788 d:Buildings 2023-01-01 2023-12-31 09915788 d:Buildings 2023-12-31 09915788 d:Buildings 2022-12-31 09915788 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09915788 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 09915788 d:Buildings d:ShortLeaseholdAssets 2023-12-31 09915788 d:Buildings d:ShortLeaseholdAssets 2022-12-31 09915788 d:PlantMachinery 2023-01-01 2023-12-31 09915788 d:PlantMachinery 2023-12-31 09915788 d:PlantMachinery 2022-12-31 09915788 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09915788 d:ComputerEquipment 2023-01-01 2023-12-31 09915788 d:ComputerEquipment 2023-12-31 09915788 d:ComputerEquipment 2022-12-31 09915788 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09915788 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09915788 d:CurrentFinancialInstruments 2023-12-31 09915788 d:CurrentFinancialInstruments 2022-12-31 09915788 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09915788 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09915788 d:ShareCapital 2023-12-31 09915788 d:ShareCapital 2022-12-31 09915788 d:RetainedEarningsAccumulatedLosses 2023-12-31 09915788 d:RetainedEarningsAccumulatedLosses 2022-12-31 09915788 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 09915788 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 09915788 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09915788 c:OrdinaryShareClass1 2023-12-31 09915788 c:OrdinaryShareClass1 2022-12-31 09915788 c:FRS102 2023-01-01 2023-12-31 09915788 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09915788 c:FullAccounts 2023-01-01 2023-12-31 09915788 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09915788 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09915788 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09915788 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 09915788 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 09915788 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09915788









TRAMPS INTERNATIONAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TRAMPS INTERNATIONAL LTD
 
 
COMPANY INFORMATION


Directors
P Doig 
P Mogadassi 
D C Davies 




Registered number
09915788



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
TRAMPS INTERNATIONAL LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
TRAMPS INTERNATIONAL LTD
REGISTERED NUMBER: 09915788

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,428,788
69,002

  
1,428,788
69,002

Current assets
  

Stocks
 5 
37,470
28,070

Debtors: amounts falling due within one year
 6 
175,289
68,489

Cash at bank and in hand
 7 
2,058
956

  
214,817
97,515

Creditors: amounts falling due within one year
 8 
(1,698,513)
(209,126)

Net current liabilities
  
 
 
(1,483,696)
 
 
(111,611)

Total assets less current liabilities
  
(54,908)
(42,609)

Provisions for liabilities
  

Deferred tax
 10 
(7,353)
(9,076)

  
 
 
(7,353)
 
 
(9,076)

Net liabilities
  
(62,261)
(51,685)


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
(62,361)
(51,785)

  
(62,261)
(51,685)


Page 1

 
TRAMPS INTERNATIONAL LTD
REGISTERED NUMBER: 09915788
    
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 profit and loss account 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: 




P Doig
Director

Date: 9 October 2024

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

Page 2

 
TRAMPS INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Tramps International Ltd is a private company, limited by shares, incorporated in England and Wales with registration number 09915788. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.  After reviewing the working capital requirements of the company, the director and shareholder P M Doig has agreed to provide such support to the company as is necessary for it to meet its liabilities for a period of at least twelve months from the date of signing of these 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
The company has a Service Agreement with a connected company, under which administration costs, excluding salaries, are recharged at a mark-up of 5%.

 
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.

Page 3

 
TRAMPS INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Freehold property
-
5%
straight line, once asset is complete
Leasehold improvements
-
10%
straight line
Plant and machinery
-
25%
straight line
Computer equipment
-
33%
straight line

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.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
TRAMPS INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, 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

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.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

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

Page 5

 
TRAMPS INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Freehold property
Leasehold improvements
Plant and machinery
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
-
173,197
4,885
8,773
186,855


Additions
1,377,105
-
-
-
1,377,105



At 31 December 2023

1,377,105
173,197
4,885
8,773
1,563,960



Depreciation


At 1 January 2023
-
104,195
4,885
8,773
117,853


Charge for the year on owned assets
-
17,319
-
-
17,319



At 31 December 2023

-
121,514
4,885
8,773
135,172



Net book value



At 31 December 2023
1,377,105
51,683
-
-
1,428,788



At 31 December 2022
-
69,002
-
-
69,002


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
37,470
28,070


Page 6

 
TRAMPS INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
27,528
7,831

Prepayments and accrued income
147,761
60,658

175,289
68,489



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,058
956



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
10,948
-

Other creditors
1,677,967
201,471

Accruals and deferred income
9,598
7,655

1,698,513
209,126


Page 7

 
TRAMPS INTERNATIONAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,058
956




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Deferred taxation




2023


£






At beginning of year
(9,076)


Charged to profit or loss
1,723



At end of year
(7,353)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(8,776)
(11,735)

Tax losses carried forward
1,423
2,659

(7,353)
(9,076)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100


 
Page 8