Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30442023-10-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02139508 2023-10-01 2024-09-30 02139508 2022-10-01 2023-09-30 02139508 2024-09-30 02139508 2023-09-30 02139508 1 2023-10-01 2024-09-30 02139508 1 2022-10-01 2023-09-30 02139508 d:Director1 2023-10-01 2024-09-30 02139508 e:PlantMachinery 2023-10-01 2024-09-30 02139508 e:PlantMachinery 2024-09-30 02139508 e:PlantMachinery 2023-09-30 02139508 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02139508 e:MotorVehicles 2023-10-01 2024-09-30 02139508 e:FurnitureFittings 2023-10-01 2024-09-30 02139508 e:FurnitureFittings 2024-09-30 02139508 e:FurnitureFittings 2023-09-30 02139508 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02139508 e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02139508 e:CurrentFinancialInstruments 2024-09-30 02139508 e:CurrentFinancialInstruments 2023-09-30 02139508 e:Non-currentFinancialInstruments 2024-09-30 02139508 e:Non-currentFinancialInstruments 2023-09-30 02139508 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 02139508 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 02139508 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-30 02139508 e:Non-currentFinancialInstruments e:AfterOneYear 2023-09-30 02139508 e:UKTax 2023-10-01 2024-09-30 02139508 e:UKTax 2022-10-01 2023-09-30 02139508 e:ShareCapital 2024-09-30 02139508 e:ShareCapital 2023-09-30 02139508 e:RetainedEarningsAccumulatedLosses 2024-09-30 02139508 e:RetainedEarningsAccumulatedLosses 2023-09-30 02139508 d:FRS102 2023-10-01 2024-09-30 02139508 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02139508 d:FullAccounts 2023-10-01 2024-09-30 02139508 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02139508 2 2023-10-01 2024-09-30 02139508 6 2023-10-01 2024-09-30 02139508 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 02139508









TALLYSPACE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
TALLYSPACE LIMITED
REGISTERED NUMBER: 02139508

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 6 
553
698

Investments
 7 
101
101

  
654
799

Current assets
  

Stocks
 8 
8,367,149
8,183,103

Debtors: amounts falling due after more than one year
 9 
1,251,533
1,296,765

Debtors: amounts falling due within one year
 9 
937,094
83,564

Cash at bank and in hand
 10 
509,859
402,996

  
11,065,635
9,966,428

Creditors: amounts falling due within one year
 11 
(446,531)
(347,442)

Net current assets
  
 
 
10,619,104
 
 
9,618,986

Total assets less current liabilities
  
10,619,758
9,619,785

Creditors: amounts falling due after more than one year
 12 
(626,133)
(272,545)

  

Net assets
  
9,993,625
9,347,240


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
9,993,525
9,347,140

  
9,993,625
9,347,240


Page 1

 
TALLYSPACE LIMITED
REGISTERED NUMBER: 02139508
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 period 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.

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




................................................
A R Barnett
Director

Date: 3 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TALLYSPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Tallyspace Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered address is Aston House, Cornwall Avenue, London N3 1LF. Its registered number is 02139508. 
.

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

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

 
TALLYSPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

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 corporation 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.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.9

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.

Page 4

 
TALLYSPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.


Other operating income

2024
2023
£
£

Net rents receivable
800,012
773,204

800,012
773,204


Page 5

 
TALLYSPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

4.


Employees

2024
2023
£
£

Wages and salaries
89,886
82,053

Social security costs
549
4,167

90,435
86,220


The average monthly number of employees, including directors, during the period was 4 (2023 - 4).


5.


Taxation


2024
2022
£
£

Corporation tax


Current tax on profits for the year
215,510
120,974


Total current tax
215,510
120,974

Factors affecting tax charge for the period/year

There were no factors that affected the tax charge for the period/year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% (2023 - 19%).


Page 6

 
TALLYSPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

6.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 October 2023
17,619
5,856
23,475



At 30 September 2024

17,619
5,856
23,475



Depreciation


At 1 October 2023
17,501
5,276
22,777


Charge for the period on owned assets
29
116
145



At 30 September 2024

17,530
5,392
22,922



Net book value



At 30 September 2024
89
464
553



At 30 September 2023
118
580
698


7.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
101



At 30 September 2024
101




Page 7

 
TALLYSPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

8.


Stocks

2024
2023
£
£

Stock of properties
8,367,149
8,183,103

8,367,149
8,183,103



9.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
278,449
551,765

Other debtors
973,084
745,000

1,251,533
1,296,765


2024
2023
£
£

Due within one year

Trade debtors
38,148
37,677

Amounts owed by group undertakings
6,307
-

Other debtors
892,639
45,887

937,094
83,564



10.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
509,859
402,996

509,859
402,996


Page 8

 
TALLYSPACE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

11.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
180,664
109,477

Other taxation and social security
3,584
9,436

Other creditors
248,283
218,529

Accruals and deferred income
14,000
10,000

446,531
347,442



12.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
353,588
-

Other creditors
272,545
272,545

626,133
272,545


 
Page 9