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REGISTERED NUMBER: 11755307 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

Take Office Limited

Take Office Limited (Registered number: 11755307)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Take Office Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: F A Strachan
W R Ruffler





REGISTERED OFFICE: 1 Empire Mews
London
SW16 2BF





REGISTERED NUMBER: 11755307 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Take Office Limited (Registered number: 11755307)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 329,700 339,075
Tangible assets 5 1,020,932 1,058,181
1,350,632 1,397,256

CURRENT ASSETS
Debtors 6 75,877 61,487
Cash at bank 362,894 237,848
438,771 299,335
CREDITORS
Amounts falling due within one year 7 188,076 253,372
NET CURRENT ASSETS 250,695 45,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,601,327

1,443,219

CREDITORS
Amounts falling due after more than one
year

8

(1,372,738

)

(1,292,500

)

PROVISIONS FOR LIABILITIES (21,689 ) (17,206 )
NET ASSETS 206,900 133,513

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 206,898 133,511
SHAREHOLDERS' FUNDS 206,900 133,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Take Office Limited (Registered number: 11755307)

Balance Sheet - continued
31 March 2024


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 7 October 2024 and were signed on its behalf by:





W R Ruffler - Director


Take Office Limited (Registered number: 11755307)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Take Office 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of forty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Improvements to property - 2% on cost
Fixtures and fittings - 20% on cost
Equipment - 20% on 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Take Office Limited (Registered number: 11755307)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 375,000
AMORTISATION
At 1 April 2023 35,925
Charge for year 9,375
At 31 March 2024 45,300
NET BOOK VALUE
At 31 March 2024 329,700
At 31 March 2023 339,075

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and
leasehold property fittings Equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 900,000 215,218 49,813 24,911 1,189,942
DEPRECIATION
At 1 April 2023 69,000 13,658 32,334 16,769 131,761
Charge for year 18,000 4,304 9,963 4,982 37,249
At 31 March 2024 87,000 17,962 42,297 21,751 169,010
NET BOOK VALUE
At 31 March 2024 813,000 197,256 7,516 3,160 1,020,932
At 31 March 2023 831,000 201,560 17,479 8,142 1,058,181

Take Office Limited (Registered number: 11755307)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,957 52,360
Other debtors 15,000 -
Prepayments and accrued income 9,920 9,127
75,877 61,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 12,176 10,473
Corporation tax 34,043 24,278
Social security and other taxes 1,632 1,295
VAT 13,272 14,333
Other creditors 72,701 88,338
Directors' current accounts 14,033 73,891
Accruals and deferred income 40,219 40,764
188,076 253,372

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors' loan accounts 1,372,738 1,292,500