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Registration number: 01480593

Typepost Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Typepost Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Typepost Limited

Company Information

Director

W R Sibley III

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Typepost Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,939

3,667

Current assets

 

Debtors

6

412

23,360

Cash at bank and in hand

 

28,823

212,188

 

29,235

235,548

Creditors: Amounts falling due within one year

7

(3,650,756)

(3,847,957)

Net current liabilities

 

(3,621,521)

(3,612,409)

Net liabilities

 

(3,618,582)

(3,608,742)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,618,682)

(3,608,842)

Shareholders' deficit

 

(3,618,582)

(3,608,742)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 24 March 2025
 

.........................................

W R Sibley III

Director

Company registration number: 01480593

 

Typepost Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of the registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company continued to be that of the provision of services to the entertainment industry.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The statement of financial position at 31 March 2024 showed a deficit of assets of £3,618,582 . At this date an amount of £3,633,892 was due to the estate of the former director and the executor of this estate has confirmed that he will not call for repayment until such time as the company has sufficient working capital.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Typepost Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% per annum on cost

3

Staff numbers

The average number of persons employed by the company during the year, was 4 (2023 - 4).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

728

758

 

Typepost Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Fixtures and fittings
 £

Total
£

Cost or valuation

At 1 April 2023

17,776

17,776

At 31 March 2024

17,776

17,776

Depreciation

At 1 April 2023

14,109

14,109

Charge for the year

728

728

At 31 March 2024

14,837

14,837

Carrying amount

At 31 March 2024

2,939

2,939

At 31 March 2023

3,667

3,667

6

Debtors

2024
£

2023
£

Other debtors

412

23,360

412

23,360

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

222

228

Taxation and social security

2,936

-

Accruals and deferred income

7,905

6,420

Other creditors

3,639,693

3,841,309

3,650,756

3,847,957