Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-013truefalse3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09162440 2024-01-01 2024-12-31 09162440 2023-01-01 2023-12-31 09162440 2024-12-31 09162440 2023-12-31 09162440 2023-01-01 09162440 c:Director1 2024-01-01 2024-12-31 09162440 d:FurnitureFittings 2024-01-01 2024-12-31 09162440 d:FurnitureFittings 2024-12-31 09162440 d:FurnitureFittings 2023-12-31 09162440 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09162440 d:OfficeEquipment 2024-01-01 2024-12-31 09162440 d:OfficeEquipment 2024-12-31 09162440 d:OfficeEquipment 2023-12-31 09162440 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09162440 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09162440 d:FreeholdInvestmentProperty 2024-12-31 09162440 d:FreeholdInvestmentProperty 2023-12-31 09162440 d:CurrentFinancialInstruments 2024-12-31 09162440 d:CurrentFinancialInstruments 2023-12-31 09162440 d:Non-currentFinancialInstruments 2024-12-31 09162440 d:Non-currentFinancialInstruments 2023-12-31 09162440 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09162440 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09162440 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09162440 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09162440 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09162440 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09162440 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 09162440 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 09162440 d:ShareCapital 2024-12-31 09162440 d:ShareCapital 2023-12-31 09162440 d:RetainedEarningsAccumulatedLosses 2024-12-31 09162440 d:RetainedEarningsAccumulatedLosses 2023-12-31 09162440 c:OrdinaryShareClass1 2024-01-01 2024-12-31 09162440 c:OrdinaryShareClass1 2024-12-31 09162440 c:OrdinaryShareClass1 2023-12-31 09162440 c:OrdinaryShareClass2 2024-01-01 2024-12-31 09162440 c:OrdinaryShareClass2 2024-12-31 09162440 c:OrdinaryShareClass2 2023-12-31 09162440 c:FRS102 2024-01-01 2024-12-31 09162440 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09162440 c:FullAccounts 2024-01-01 2024-12-31 09162440 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09162440 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 09162440 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09162440 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09162440









TELFER PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TELFER PARTNERS LIMITED
REGISTERED NUMBER: 09162440

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
2,517
2,484

Investment property
 5 
435,497
435,497

  
438,014
437,981

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
8,701
24,222

Cash at bank and in hand
  
30,688
119,935

  
39,389
144,157

  

Creditors: amounts falling due within one year
 7 
(26,293)
(40,084)

NET CURRENT ASSETS
  
 
 
13,096
 
 
104,073

TOTAL ASSETS LESS CURRENT LIABILITIES
  
451,110
542,054

Creditors: amounts falling due after more than one year
 8 
(211,537)
(219,542)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(629)
(621)

NET ASSETS
  
238,944
321,891


CAPITAL AND RESERVES
  

Called up share capital 
 11 
100
100

Profit and loss account
  
238,844
321,791

  
238,944
321,891


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 income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
TELFER PARTNERS LIMITED
REGISTERED NUMBER: 09162440
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N G Telfer
Director

Date: 18 March 2025

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

Page 2

 
TELFER PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

The entity is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Woodlands Park, Girton, Cambridge, England, CB3 0QB.
The Company's functional and presentational currency is GBP.

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

TURNOVER

Turnover comprises revenue recognised by the Company in respect of recruitment services during the year, exclusive of value added tax.

 
2.3

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:

Fixtures and fittings
-
5 years
Office equipment
-
5 years

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.

 
2.4

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors, based on professional advice received 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 3

 
TELFER PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

DEBTORS

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

 
2.6

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.

 
2.7

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.

 
2.8

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.9

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.

 
2.10

DIVIDENDS

Equity dividends are recognised when they become legally payable and have been approved by the shareholders.

 
2.11

OPERATING LEASES

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.12

PENSIONS

The Company operates a defined contribution scheme for its employees. A defined contribution scheme is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TELFER PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.13

BORROWING COSTS

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

 
2.14

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.

 
2.15

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.



3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 5

 
TELFER PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Fixtures and fittings
Office equipment
Total

£
£
£



COST


At 1 January 2024
422
12,207
12,629


Additions
518
860
1,378



At 31 December 2024

940
13,067
14,007



DEPRECIATION


At 1 January 2024
378
9,767
10,145


Charge for the year
84
1,261
1,345



At 31 December 2024

462
11,028
11,490



NET BOOK VALUE



At 31 December 2024
478
2,039
2,517



At 31 December 2023
44
2,440
2,484


5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 January 2024
435,497



AT 31 DECEMBER 2024
435,497

The 2024 valuations were made by the directors, on an open market value for existing use basis, based on professional advice received.




Page 6

 
TELFER PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
8,491
21,420

Other debtors
210
210

Prepayments and accrued income
-
2,592

8,701
24,222



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans (note 9)
8,005
8,061

Trade creditors
82
3,331

Corporation tax
11,812
20,886

Other taxation and social security
3,864
4,765

Other creditors
955
1,541

Accruals and deferred income
1,575
1,500

26,293
40,084


Other creditors include contributions of £385 (2023 - £417) payable to the Company's defined contribution pension scheme at the balance sheet date.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans (note 9)
211,537
219,542


Page 7

 
TELFER PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year
8,005
8,061

Amounts falling due 1-2 years
7,981
8,005

Amounts falling dye 2-5 years
203,556
211,537

219,542
227,603


Bank loans comprise a mortgage secured against the freehold investment property. The loan is a partial amortising facility and the final payment is due on 8 April 2027. Interest is charged at 4.71% per annum.


10.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
621
808


Charged/(credited) to profit or loss
8
(187)



AT END OF YEAR
629
621

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
629
621


11.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



76 (2023 - 76) Ordinary shares of £1.00 each
76
76
24 (2023 - 24) Ordinary A shares of £1.00 each
24
24

100

100


 
Page 8