Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Richard Samuel Metcalfe 10/12/2014 26 March 2025 The principal activity of the company during the year continued to be that of cafeteria and take away services. 09349766 2024-12-31 09349766 bus:Director1 2024-12-31 09349766 2023-12-31 09349766 core:CurrentFinancialInstruments 2024-12-31 09349766 core:CurrentFinancialInstruments 2023-12-31 09349766 core:Non-currentFinancialInstruments 2024-12-31 09349766 core:Non-currentFinancialInstruments 2023-12-31 09349766 core:ShareCapital 2024-12-31 09349766 core:ShareCapital 2023-12-31 09349766 core:CapitalRedemptionReserve 2024-12-31 09349766 core:CapitalRedemptionReserve 2023-12-31 09349766 core:RetainedEarningsAccumulatedLosses 2024-12-31 09349766 core:RetainedEarningsAccumulatedLosses 2023-12-31 09349766 core:Goodwill 2023-12-31 09349766 core:Goodwill 2024-12-31 09349766 core:LandBuildings 2023-12-31 09349766 core:OtherPropertyPlantEquipment 2023-12-31 09349766 core:LandBuildings 2024-12-31 09349766 core:OtherPropertyPlantEquipment 2024-12-31 09349766 bus:OrdinaryShareClass1 2024-12-31 09349766 bus:OrdinaryShareClass2 2024-12-31 09349766 2024-01-01 2024-12-31 09349766 bus:FilletedAccounts 2024-01-01 2024-12-31 09349766 bus:SmallEntities 2024-01-01 2024-12-31 09349766 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09349766 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09349766 bus:Director1 2024-01-01 2024-12-31 09349766 core:Goodwill core:TopRangeValue 2024-01-01 2024-12-31 09349766 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 09349766 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 09349766 2023-01-01 2023-12-31 09349766 core:LandBuildings 2024-01-01 2024-12-31 09349766 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 09349766 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09349766 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09349766 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09349766 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09349766 (England and Wales)

TALIKA LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

TALIKA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

TALIKA LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
TALIKA LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
DIRECTOR Richard Samuel Metcalfe
REGISTERED OFFICE Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal
LA9 7RL
United Kingdom
COMPANY NUMBER 09349766 (England and Wales)
ACCOUNTANT MHA
Murley Moss Business Village
Oxenholme Road
Kendal
LA9 7RL
TALIKA LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2024
TALIKA LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 37,908 43,642
37,908 43,642
Current assets
Stocks 2,000 2,000
Debtors 5 1,049 214
Cash at bank and in hand 153,788 137,399
156,837 139,613
Creditors: amounts falling due within one year 6 ( 21,058) ( 91,180)
Net current assets 135,779 48,433
Total assets less current liabilities 173,687 92,075
Creditors: amounts falling due after more than one year 7 0 ( 27,522)
Provision for liabilities ( 8,488) ( 10,580)
Net assets 165,199 53,973
Capital and reserves
Called-up share capital 8 137 137
Capital redemption reserve 63 63
Profit and loss account 164,999 53,773
Total shareholders' funds 165,199 53,973

For the financial year ending 31 December 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 financial statements of Talika Limited (registered number: 09349766) were approved and authorised for issue by the Director on 26 March 2025. They were signed on its behalf by:

Richard Samuel Metcalfe
Director
TALIKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
TALIKA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Talika Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Kendal House, Murley Moss Business Village, Oxenholme Road, Kendal, LA9 7RL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment, the director has given due consideration to the impact of the coronavirus pandemic on the business. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charges as an expense as they fall due.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Intangible assets

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Goodwill 5 years straight line
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 5 years straight line
Plant and machinery etc. 15 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 20 21

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 105,000 105,000
At 31 December 2024 105,000 105,000
Accumulated amortisation
At 01 January 2024 105,000 105,000
At 31 December 2024 105,000 105,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2024 21,786 119,600 141,386
Additions 0 4,666 4,666
Disposals 0 ( 14,229) ( 14,229)
At 31 December 2024 21,786 110,037 131,823
Accumulated depreciation
At 01 January 2024 21,786 75,958 97,744
Charge for the financial year 0 6,374 6,374
Disposals 0 ( 10,203) ( 10,203)
At 31 December 2024 21,786 72,129 93,915
Net book value
At 31 December 2024 0 37,908 37,908
At 31 December 2023 0 43,642 43,642

5. Debtors

2024 2023
£ £
Other debtors 1,049 214

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 0 12,633
Trade creditors 3,395 13,678
Taxation and social security 91,408 61,153
Other creditors ( 73,745) 3,716
21,058 91,180

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 0 27,522

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 A ordinary shares of £ 1.00 each 100 100
37 B ordinary shares of £ 1.00 each 37 37
137 137

9. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts due from related parties 80,423 0

An advance was made to the director on 31 December 2024 for £80,423. During the year no repayments have been made. The balance is interest-free and repayable on demand.

10. Off Balance Sheet arrangements

On 22 August 2023 the company entered into agreement to purchase 100 of its own B ordinary shares for a total consideration of £252,000. At the time of the agreement, the company acquired 63 B Ordinary shares for £158,760, with the remaining shares to be purchased for £93,240 once the company has sufficient distributable reserves to fulfill the transaction.