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Company No: 13714418 (England and Wales)

TALAMO LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

TALAMO LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

TALAMO LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
TALAMO LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 276,780 186,733
276,780 186,733
Current assets
Debtors 4 46,120 64,174
Cash at bank and in hand 196,458 78,482
242,578 142,656
Creditors: amounts falling due within one year 5 ( 51,092) ( 27,052)
Net current assets 191,486 115,604
Total assets less current liabilities 468,266 302,337
Net assets 468,266 302,337
Capital and reserves
Called-up share capital 6 241 200
Share premium account 679,913 359,962
Capital redemption reserve 9 9
Profit and loss account ( 211,897 ) ( 57,834 )
Total shareholders' funds 468,266 302,337

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Talamo Limited (registered number: 13714418) were approved and authorised for issue by the Board of Directors on 31 August 2025. They were signed on its behalf by:

James Guy Wace
Director
TALAMO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
TALAMO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Talamo Dyslexia Diagnosis 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 3 Buckland House, William Prance Road, Plymouth, PL6 5WR, United Kingdom. The business address of the Company is 1010 Fladgate House, 4 Circus Road West, Battersea Power Station, London, SW11 8EX.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Development costs are not amortised until the project is complete and brought into use. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs not amortised
Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the Company is expected to benefit. This period is between three and five years. Provision is made for any impairment. Amortisation is not applied until the project is complete and brought into use.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Development costs Total
£ £
Cost
At 01 December 2023 186,733 186,733
Additions 108,720 108,720
At 30 November 2024 295,453 295,453
Accumulated amortisation
At 01 December 2023 0 0
Charge for the financial year 18,673 18,673
At 30 November 2024 18,673 18,673
Net book value
At 30 November 2024 276,780 276,780
At 30 November 2023 186,733 186,733

4. Debtors

2024 2023
£ £
Trade debtors 2,205 0
VAT recoverable 43,903 18,130
Corporation tax 0 46,004
Other debtors 12 40
46,120 64,174

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 464 1,291
Amounts owed to directors 38,465 10,965
Accruals 3,300 3,000
Other taxation and social security 6,297 11,087
Other creditors 2,566 709
51,092 27,052

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
22,285 Ordinary A shares of £ 0.01 each (2023: 18,970 shares of £ 0.01 each) 222.85 189.70
1 Ordinary B share of £ 0.01 0.01 0.01
1,785 Ordinary C shares of £ 0.01 each (2023: 1,025 shares of £ 0.01 each) 17.85 10.25
240.71 199.96

In the financial year 2024 class Ordinary A shares were allotted with an aggregate nominal value of £33.15 and consideration of £319,981 was received.

In the financial year 2024 class Ordinary C shares were allotted with an aggregate nominal value of £7.6 and consideration of £10.64 was received.

7. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 452 709

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to directors 38,465 10,965