Company registration number 00745445 (England and Wales)
TIMESLICE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
TIMESLICE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
TIMESLICE LIMITED (REGISTERED NUMBER: 00745445)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,588
11,795
Investments
545,213
521,771
550,801
533,566
Current assets
Debtors
5
156,182
180,601
Cash at bank and in hand
516,459
410,512
672,641
591,113
Creditors: amounts falling due within one year
6
(520,865)
(476,143)
Net current assets
151,776
114,970
Total assets less current liabilities
702,577
648,536
Provisions for liabilities
(27,012)
(20,828)
Net assets
675,565
627,708
Capital and reserves
Called up share capital
100,000
100,000
Revaluation reserve
7
142,168
109,623
Profit and loss reserves
433,397
418,085
Total equity
675,565
627,708
TIMESLICE LIMITED (REGISTERED NUMBER: 00745445)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 August 2025 and are signed on its behalf by:
R Khair
Director
TIMESLICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Timeslice Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Harmony Place, Greenwich Creekside, London, SE8 3FE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Income from support contracts is recognised on a time basis.

1.3
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:

Leasehold land and buildings
33 1/3% straight line
Fixtures and fittings
33 1/3% straight line
Motor vehicles
25% straight line

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.

1.4
Fixed asset investments

Fixed asset investments are shown at their market value.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Retirement benefits

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

1.7
Leases
As lessee
TIMESLICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
21
22
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
169,877
307,254
32,199
509,330
Additions
-
0
-
0
7,450
7,450
At 31 December 2024
169,877
307,254
39,649
516,780
Depreciation and impairment
At 1 January 2024
169,877
300,046
27,612
497,535
Depreciation charged in the year
-
0
7,208
6,449
13,657
At 31 December 2024
169,877
307,254
34,061
511,192
TIMESLICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
(Continued)
- 5 -
Carrying amount
At 31 December 2024
-
0
-
0
5,588
5,588
At 31 December 2023
-
0
7,208
4,587
11,795
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
51,942
70,541
Other debtors
104,240
110,060
156,182
180,601
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,862
19,982
Amounts owed to group undertakings
380,110
334,045
Taxation and social security
100,850
95,839
Other creditors
29,043
26,277
520,865
476,143
7
Revaluation reserve
2024
2023
£
£
At the beginning of the year
109,623
97,161
Other movements
32,545
12,462
At the end of the year
142,168
109,623
8
Related party transactions

Ramsey Khair 2009 Settlement

Timeslice Ltd rents its premises from the Ramsey Khair 2009 Settlement, a trust in which Ramsey Khair is the settlor.

The rent paid was £54,900 (2023 £54,900).

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