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Registration number: 11832222

Tesseract Financial Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Tesseract Financial Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Tesseract Financial Ltd

Company Information

Director

Mr C Miles

Registered office

3 Granville Mews
22a Alum Chine Road
Bournemouth
Dorset
BH4 8DX

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Tesseract Financial Ltd

(Registration number: 11832222)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,015

1,729

Current assets

 

Debtors

5

-

1,398

Cash at bank and in hand

 

14,113

5,812

 

14,113

7,210

Creditors: Amounts falling due within one year

6

(14,696)

(8,513)

Net current liabilities

 

(583)

(1,303)

Total assets less current liabilities

 

432

426

Provisions for liabilities

(214)

(329)

Net assets

 

218

97

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

217

96

Shareholders' funds

 

218

97

For the financial year ending 28 February 2025 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 their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 June 2025
 

 

Tesseract Financial Ltd

(Registration number: 11832222)
Balance Sheet as at 28 February 2025 (continued)

.........................................
Mr C Miles
Director

 

Tesseract Financial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
3 Granville Mews
22a Alum Chine Road
Bournemouth
Dorset
BH4 8DX

These financial statements were authorised for issue by the director on 16 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Tesseract Financial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

2

Accounting policies (continued)

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.

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 tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

25% Straight Line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Tesseract Financial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 March 2024

4,182

4,182

At 28 February 2025

4,182

4,182

Depreciation

At 1 March 2024

2,453

2,453

Charge for the year

714

714

At 28 February 2025

3,167

3,167

Carrying amount

At 28 February 2025

1,015

1,015

At 29 February 2024

1,729

1,729

5

Debtors

Current

2025
£

2024
£

Other debtors

-

1,398

 

-

1,398

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

14,669

8,513

Other creditors

27

-

14,696

8,513

 

Tesseract Financial Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

6

Creditors (continued)

2025

2024

Provisions for liabilities

Deferred tax

214

329

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Dividends

2025

2024

£

£

Interim dividend of £54,089.00 (2024 - £36,306.00) per ordinary share

54,089

36,306

 

 

9

Related party transactions

Transactions with the director

2025

At 1 March 2024
£

Advances to director
£

Repayments by director
£

At 28 February 2025
£

Mr C Miles

The loan was interest free and repayable on demand.

1,398

288

(1,712)

(26)