Titans Consulting ( UK ) Ltd Filleted Accounts Cover
Titans Consulting ( UK ) Ltd
Company No. 07875714
Information for Filing with The Registrar
31 December 2024
Titans Consulting ( UK ) Ltd Balance Sheet Registrar
at
31 December 2024
Company No.
07875714
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
580831
Investment property
5
890,000970,000
890,580970,831
Current assets
Cash at bank and in hand
5,4492,184
5,4492,184
Creditors: Amount falling due within one year
6
(40,726)
(45,925)
Net current liabilities
(35,277)
(43,741)
Total assets less current liabilities
855,303927,090
Creditors: Amounts falling due after more than one year
7
(550,000)
(550,000)
Net assets
305,303377,090
Capital and reserves
Called up share capital
200,000200,000
Profit and loss account
9
105,303177,090
Total equity
305,303377,090
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 17 March 2025 and signed on its behalf by:
G. Macropoulos
Director
17 March 2025
Titans Consulting ( UK ) Ltd Notes to the Accounts Registrar
for the year ended 31 December 2024
1
General information
Titans Consulting ( UK ) Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07875714
Its registered office is:
38 Galveston Road
Putney
London
SW15 2SA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
After making enquiries, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of twelve months from the date these financial statements were prepared. Accordingly the Company continues to adopt the going concern basis in preparing the financial statements.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances.

Revenue from a contract to provide services is recognised when all the following conditions are satisfied:


• it is probable that the company will receive the consideration due under the contract;

• the amount of revenue can be measured reliably;

• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Furniture, fittings and equipment
33% Reducing balance
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Computer equipment
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 January 2024
9946,0667,060
At 31 December 2024
9946,0667,060
Depreciation
At 1 January 2024
6795,5506,229
Charge for the year
79172251
At 31 December 2024
7585,7226,480
Net book values
At 31 December 2024
236344580
At 31 December 2023
315
516
831
5
Investment property
Freehold Investment Property
£
Valuation
At 1 January 2024
970,000
Revaluation
(80,000)
At 31 December 2024
890,000
The freehold investment property was acquired on 19 October 2017 . The property was revalued on 31 December 2024 by the Director.
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Loan from director
39,72644,925
Accruals and deferred income
1,0001,000
40,72645,925
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Loan from director
550,000550,000
550,000550,000
8
Share Capital
200,000 Ordinary shares of £1 each fully paid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.It includes reserves of £149,163 which are non distributable.
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