Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-0154falseNo description of principal activity63truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08776016 2024-01-01 2024-12-31 08776016 2023-01-01 2023-12-31 08776016 2024-12-31 08776016 2023-12-31 08776016 c:Director4 2024-01-01 2024-12-31 08776016 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 08776016 d:Buildings d:ShortLeaseholdAssets 2024-12-31 08776016 d:Buildings d:ShortLeaseholdAssets 2023-12-31 08776016 d:FurnitureFittings 2024-01-01 2024-12-31 08776016 d:FurnitureFittings 2024-12-31 08776016 d:FurnitureFittings 2023-12-31 08776016 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08776016 d:OfficeEquipment 2024-01-01 2024-12-31 08776016 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 08776016 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 08776016 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 08776016 d:Goodwill 2024-01-01 2024-12-31 08776016 d:Goodwill 2024-12-31 08776016 d:Goodwill 2023-12-31 08776016 d:CurrentFinancialInstruments 2024-12-31 08776016 d:CurrentFinancialInstruments 2023-12-31 08776016 d:Non-currentFinancialInstruments 2024-12-31 08776016 d:Non-currentFinancialInstruments 2023-12-31 08776016 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 08776016 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08776016 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 08776016 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 08776016 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 08776016 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 08776016 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 08776016 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 08776016 d:ShareCapital 2024-12-31 08776016 d:ShareCapital 2023-12-31 08776016 d:SharePremium 2024-12-31 08776016 d:SharePremium 2023-12-31 08776016 d:RetainedEarningsAccumulatedLosses 2024-12-31 08776016 d:RetainedEarningsAccumulatedLosses 2023-12-31 08776016 c:OrdinaryShareClass2 2024-01-01 2024-12-31 08776016 c:OrdinaryShareClass2 2024-12-31 08776016 c:OrdinaryShareClass2 2023-12-31 08776016 c:OrdinaryShareClass3 2024-01-01 2024-12-31 08776016 c:OrdinaryShareClass3 2024-12-31 08776016 c:OrdinaryShareClass3 2023-12-31 08776016 c:OrdinaryShareClass4 2024-01-01 2024-12-31 08776016 c:OrdinaryShareClass4 2024-12-31 08776016 c:OrdinaryShareClass4 2023-12-31 08776016 c:OrdinaryShareClass5 2024-01-01 2024-12-31 08776016 c:OrdinaryShareClass5 2024-12-31 08776016 c:OrdinaryShareClass5 2023-12-31 08776016 c:FRS102 2024-01-01 2024-12-31 08776016 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08776016 c:FullAccounts 2024-01-01 2024-12-31 08776016 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08776016 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 08776016 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 08776016 4 2024-01-01 2024-12-31 08776016 d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 08776016 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 08776016 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-01-01 2024-12-31 08776016 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08776016









TLN TRAINING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TLN TRAINING LIMITED
REGISTERED NUMBER: 08776016

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
278,707
328,975

Tangible assets
 5 
170,060
249,557

  
448,767
578,532

Current assets
  

Debtors: amounts falling due within one year
 6 
1,550,366
1,928,415

Cash at bank and in hand
 7 
26,667
160,183

  
1,577,033
2,088,598

Creditors: amounts falling due within one year
 8 
(2,507,830)
(2,157,413)

Net current liabilities
  
 
 
(930,797)
 
 
(68,815)

Total assets less current liabilities
  
(482,030)
509,717

Creditors: amounts falling due after more than one year
 9 
(55,000)
(115,000)

  

Net (liabilities)/assets
  
(537,030)
394,717


Capital and reserves
  

Called up share capital 
 11 
142
130

Share premium account
  
10,617,885
7,492,892

Profit and loss account
  
(11,155,057)
(7,098,305)

  
(537,030)
394,717


Page 1

 
TLN TRAINING LIMITED
REGISTERED NUMBER: 08776016
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 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 comprehensive income 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 on 29 April 2025.




A B Cruickshank
Director

Page 2

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

TLN Training Limited is a private Company limited by shares and incorporated in England and Wales (Registered number 8776016). Its registered office is Unit 2.01 The Tea Building, 56 Shoreditch High Street, London, England, E1 6JJ.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
  
Accordingly the directors have continued to prepare the financial statements on the going concern basis. 

 
2.3

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.

Page 3

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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:

Short-term leasehold property
-
period of the lease
Fixtures and fittings
-
33%
straight line
Office equipment
-
33%
straight line

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.

 
2.6

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

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

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

Borrowing costs

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

 
2.11

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 54 (2023 - 63).

Page 5

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Development expenditure
Goodwill
Total

£
£
£



Cost


At 1 January 2024
1,404,220
545,928
1,950,148


Additions
38,139
-
38,139



At 31 December 2024

1,442,359
545,928
1,988,287



Amortisation


At 1 January 2024
1,345,934
275,239
1,621,173


Charge for the year on owned assets
61,111
27,296
88,407



At 31 December 2024

1,407,045
302,535
1,709,580



Net book value



At 31 December 2024
35,314
243,393
278,707



At 31 December 2023
58,286
270,689
328,975



Page 6

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2024
103,305
512,235
615,540


Additions
-
19,819
19,819



At 31 December 2024

103,305
532,054
635,359



Depreciation


At 1 January 2024
29,739
336,243
365,982


Charge for the year on owned assets
16,144
83,173
99,317



At 31 December 2024

45,883
419,416
465,299



Net book value



At 31 December 2024
57,422
112,638
170,060



At 31 December 2023
73,566
175,991
249,557


6.


Debtors

2024
2023
£
£


Trade debtors
580,380
706,539

Other debtors
569,864
982,847

Prepayments and accrued income
400,122
239,029

1,550,366
1,928,415


Page 7

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,667
160,183

26,667
160,183



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
60,000
60,000

Trade creditors
1,014,805
403,242

Other taxation and social security
335,622
449,048

Other creditors
26,678
25,598

Accruals and deferred income
1,070,725
1,219,525

2,507,830
2,157,413



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
55,000
115,000

55,000
115,000


Page 8

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
60,000
60,000


60,000
60,000

Amounts falling due 1-2 years

Bank loans
55,000
60,000


55,000
60,000

Amounts falling due 2-5 years

Bank loans
-
55,000


-
55,000


115,000
175,000



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



700,000 (2023 - 700,000) A Ordinary shares of £- each
70
70
300,000 (2023 - 300,000) B Ordinary shares of £- each
30
30
667 (2023 - 667) C Ordinary shares of £- each
-
-
295,000 (2023 - 295,000) Pref share issued shares of £- each
30
30
123,200 (2023 -123,200 ) Pref share issue shares of £- each
12
-

142

130


During the year, the company issued 123,200 preference shares with a nominal value of £0.0001 each.

Page 9

 
TLN TRAINING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £60,598 (2023 - £63,961). Contributions totalling £26,678 (2023 - £25,598) were payable to the fund at the reporting date and are included in creditors.

 
Page 10