| Talia Limited |
| Registered number: |
05456590 |
| Strategic Report |
|
| The director presents his strategic report for the year ended 31 December 2024. |
|
| Business review |
| The company's performance during the year was as expected. Future plans are for the continuation of the company's current activities. |
|
| Principal risks and uncertainties |
| The director is responsible for the company's system of internal controls and for reviewing its effectiveness. The internal control system is designed to manage, rather than eliminate the risk of failure to achieve the company's business objectives and can only provide reasonable and not absolute assurance against material misstatement or loss. |
| The impact of the war in Ukraine as well as wider global economic uncertainty continues to impact directly and indirectly the UK economy. These factors lead to increasing input costs, higher costs of living and reduced levels of consumer income. This may result in a slowdown in the economy leading to customers delaying purchasing decisions, as well as inflationary pressures on the Company's labour, material and service costs. Specifically inflated energy prices could impact the Company's operational costs, particularly for running data centres & network infrastructure. Additionally, it may also increase the level of counter-party credit and currency risk faced by the Company. Furthermore, a potential recession could diminish business confidence leading to reduced economic activity, increased unemployment which (when combined with an increased cost of living) could lead to reduced revenue. |
| The Company performs ongoing reviews of external trends and performance. Specifically, the Company continues to monitor the impact of the wider global economic uncertainty and has developed plans to respond to a range of potential scenarios. This includes specific plans that cater for changes in market conditions, complications with the movement and availability of the workforce,pressure on the supply chain, delays in delivery of materials and components, changes in exchange rates and pricing impact of increased tariff and commodity costs. The Company has increased and diversified its supply chain, increased training resources and worked to secure relevant employee visas. |
| The Company continues to focus on its organizational efficiency as it moves through its business lifecycle and regularly optimises its procurement activity in line with its business priorities and increasing scale. |
| Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The principal credit risk for the Company arises from its trade debtors.In order to manage the credit risk, the director set credit limits for customers, and actively monitor customers that do not pay on time. |
| Foreign currency exchange risk can be high during uncertain economic climate when income is received in dollars and some salaries and overheads in UK are payables in sterling. |
| The Company implement natural hedging strategies such as matching currencies flows in their business operations by aligning import and export currencies or financing in local currencies. |
| Liquidity risk arises from the Company's management of working capital and the finance charges and principal repayments on its debt instruments as well as its ability to access and secure adequate equity and debt funding during the network build phase of its business lifecycle. it is the risk that the Company will encounter difficulty in meeting its financial obligations as they fall due, and could affect its ability to invest, win work or pay dividends. |
| The Company manages liquidity such that it always has sufficient liquidity to meet its liabilities when due. The Company continually monitors and stress tests its liquidity position by preparing and sensitising both short and long term cashflow forecasts. Funding arrangements are reviewed regularly and approved by the Board. |
| Going concern |
| The director refers to Note 1 of the financial statements which indicate that the Company made a profit/(loss) after tax of ($170,554); 2023 $1,476,846 and have net assets/(liabilities) of $1,226,794; 2023 $1,397,348. The Company's ability to continue as a going concern is dependent on the continued financial support from its ultimate parent undertaking, Commercis plc and continued availability of the bank loan facilities. |
| Considering the company's current resources and review of the financial forecasts and projections, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from approval of the financial statements. |
|
|
| Financial key performance indicators |
| The key financial performance indicators during the year are as follows: |
|
2024 |
2023 |
| $ |
$ |
|
| Profit/(Loss) before taxation |
(333,385) |
2,071,366 |
| Net assets/(liabilities) |
1,226,794 |
1,397,348 |
|
| This report was approved by the board on 2 September 2025 and signed on its behalf. |
|
|
| Mr Alan Afrasiab |
| Director |
|
| Talia Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
| 1 |
Summary of significant accounting policies |
|
|
General information |
|
Talia Limited is a private company limited by shares and incorporated in England. Its registered office is Third Floor, 6-8 James Street, London W1U 1ED. |
|
|
The significant accounting policies adopted by the company and applied consistently in the preparation of these financial statements are set out below. |
|
|
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 Financial Reporting Standards 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
|
|
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. |
|
|
Going concern |
|
The Company made a loss after tax of $170,554 and had net current liabilities of $1,679,955 and net assets of $1,226,794. The Director has assessed the going concern risks to the Company and has concluded that: |
|
Financial projections indicate that the Company will continue to meet its liabilities as they fall due over the next twelve months from the date of approval of these financial statements. |
|
Based on these indicators the Director believe that it remains appropriate to prepare the Company financial statements on a going concern basis. There are no material uncertainties relating to this going concern conclusion. |
|
Functional and presentation currency |
|
|
The company's functional and presentational currency is US Dollar. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Transactions and balances |
|
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. |
|
At each period end foreign currency monetary items are translated using the closing rate. Non - monetary items measured at historical cost are translated using the exchange rate at the date of the transaction. |
|
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account. |
|
|
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the profit and loss account. All other foreign exchange gains and losses are presented in the profit and loss account. |
|
Turnover |
|
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax. The following criteria must also be met before turnover is recognised. |
|
|
Sale of goods |
|
Turnover from the sale of goods is recognised when all of the following conditions are satisfied: |
|
| ● |
the company has transferred the significant risks and rewards of ownership to the buyer |
|
| ● |
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold |
|
| ● |
the amount of turnover can be measured reliably |
|
| ● |
it is probable that the company will receive the consideration due under the transaction |
|
| ● |
the costs incurred or to be incurred in respect of the transaction can be measured reliably |
|
|
Rendering of services |
|
Turnover 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 turnover 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 |
|
| ● |
the costs incurred and the costs to complete the contract can be measured reliably |
|
|
|
Interest income is recognised in the profit and loss account using the effective interest method. |
|
|
Grant Income |
|
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. |
|
Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Plant and machinery |
Straight line 5 years |
|
Fixtures, fittings and equipment |
20% reducing balance |
|
Arabsat Transponder |
Straight line 107 months |
|
Motor Vehicle |
Straight line 4 years |
|
|
Impairment |
|
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price. Cost is determined using the first in first out method. Cost includes all costs of purchase and other costs incurred in bringing the stocks to their present location and condition. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to the estimated selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
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. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Operating leases: the company as lessee |
|
Rentals paid under operating leases are charged to profit and loss account on a straight line basis over the lease term. |
|
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. |
|
|
Pensions |
|
The company operates a defined contribution plan for its employees. The company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability. |
|
|
Financial instruments |
|
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. |
|
|
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. |
|
|
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. |
|
|
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. |
|
|
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date. |
|
|
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
|
|
Financial liabilities |
|
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. |
|
|
The company determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value and in the case of loan and borrowings, plus directly attributable transaction costs. |
|
|
Subsequently, the measurement of financial liabilities depends on their classification as follows: |
|
|
interest bearing loans and borrowings |
|
|
obligations for loans and borrowings are recognised when the company becomes party to the related contracts and are measured initially at the fair value consideration received less directly attributable transaction costs |
|
|
after initial recognition, interest bearing loans and borrowings are subsequently measured at amortised cost using the effective interest method |
|
|
gains and losses arising on the repurchase, settlement or otherwise cancellation of liabilities are recognised respectively in finance revenue and finance cost |
|
|
derecognition of financial liabilities. A liability is derecognised when the contract that gives rise to it is settled, sold, cancelled or expires |
|
|
Where an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified. Such as an exchange or modification is treated as a derecognition of the original liability. Such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in the profit and loss account. |
|
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
|
|
Judgements in applying accounting policies and key sources of estimation uncertainty |
|
The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. |
|
|
| 2 |
Analysis of turnover |
2024 |
|
2023 |
| $ |
$ |
|
|
Sale of goods |
468,541 |
|
3,551,720 |
|
Services rendered |
23,706,112 |
|
24,591,004 |
|
|
|
|
|
|
24,174,653 |
|
28,142,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
| $ |
$ |
|
UK |
- |
|
- |
|
Rest of the world |
24,174,653 |
|
28,142,724 |
|
|
|
|
|
|
24,174,653 |
|
28,142,724 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Staff costs |
2024 |
|
2023 |
| $ |
$ |
|
|
Wages and salaries |
2,232,677 |
|
1,631,091 |
|
Social security costs |
38,812 |
|
38,468 |
|
Other pension costs |
1,893 |
|
215 |
|
|
|
|
|
|
2,273,382 |
|
1,669,774 |
|
|
|
|
|
|
|
|
|
|
|
Average number of employees during the year |
Number |
Number |
|
|
Administration |
15 |
|
15 |
|
Development |
11 |
|
11 |
|
Finance |
5 |
|
5 |
|
Engineering/NOC |
39 |
|
39 |
|
Sales |
8 |
|
8 |
|
|
|
|
|
|
78 |
|
78 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Interest payable |
2024 |
|
2023 |
| $ |
$ |
|
|
Bank loans and overdrafts |
98,879 |
|
42,733 |
|
|
|
|
|
|
98,879 |
|
42,733 |
|
|
|
|
|
|
|
|
|
| 5 |
Taxation |
2024 |
|
2023 |
| $ |
$ |
|
Analysis of charge in period |
|
Current tax: |
|
Foreign corporation tax on profits of the period |
31,923 |
|
64,284 |
|
Adjustments in respect of previous periods |
- |
|
- |
|
|
|
|
|
|
31,923 |
|
64,284 |
|
|
|
|
|
|
|
|
|
|
Deferred tax: |
|
Origination and reversal of timing differences |
(194,754) |
|
594,520 |
|
|
|
|
|
|
|
|
|
|
|
Deferred tax on (loss)/profit on ordinary activities |
(194,754) |
|
594,520 |
|
|
|
|
|
|
|
|
|
|
|
Factors affecting tax charge for period |
|
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows: |
|
|
|
|
|
|
|
2024 |
|
2023 |
| $ |
$ |
|
(Loss)/profit on ordinary activities before tax |
(333,385) |
|
2,071,366 |
|
|
|
|
|
|
|
|
|
|
Standard rate of corporation tax in the UK |
25% |
|
25% |
|
| $ |
$ |
|
Profit on ordinary activities multiplied by the standard rate of corporation tax |
|
(83,346) |
|
517,842 |
|
|
Effects of: |
|
Expenses not deductible for tax purposes |
77,208 |
|
9,128 |
|
Capital allowances for period in excess of depreciation |
- |
|
(967,385) |
|
Tax losses carried forward |
6,138 |
|
440,415 |
|
Deferred tax provision |
(194,754) |
|
530,236 |
|
Current tax charge for period |
(194,754) |
|
530,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery |
|
Fixtures, fittings, tools and equipment |
|
Total |
|
|
At cost |
|
At cost |
|
At cost |
| $ |
$ |
$ |
$ |
|
Cost or valuation |
|
At 1 January 2024 |
- |
|
24,243,153 |
|
582,878 |
|
24,826,031 |
|
Additions |
315,989 |
|
156,543 |
|
155,080 |
|
627,612 |
|
Disposals |
- |
|
(3,802) |
|
- |
|
(3,802) |
|
At 31 December 2024 |
315,989 |
|
24,395,894 |
|
737,958 |
|
25,449,841 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
- |
|
8,567,561 |
|
210,896 |
|
8,778,457 |
|
Charge for the year |
172,358 |
|
2,914,115 |
|
110,448 |
|
3,196,921 |
|
On disposals |
- |
|
(2,082) |
|
- |
|
(2,082) |
|
At 31 December 2024 |
172,358 |
|
11,479,594 |
|
321,344 |
|
11,973,296 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
At 31 December 2024 |
143,631 |
|
12,916,300 |
|
416,614 |
|
13,476,545 |
|
At 31 December 2023 |
- |
|
15,675,592 |
|
371,982 |
|
16,047,574 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Stocks |
2024 |
|
2023 |
| $ |
$ |
|
|
Finished goods and goods for resale |
567,521 |
|
507,063 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Debtors |
2024 |
|
2023 |
| $ |
$ |
|
|
Trade debtors |
1,878,048 |
|
3,122,024 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
|
|
6,296,403 |
|
3,658,102 |
|
Other debtors |
142,547 |
|
210,587 |
|
Called up share capital not paid |
- |
|
123,936 |
|
Prepayments and accrued income |
559,953 |
|
1,150,575 |
|
|
|
|
|
|
8,876,951 |
|
8,265,224 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Cash and cash equivalents |
2024 |
|
2023 |
| $ |
$ |
|
|
Cash at bank and in hand |
197,171 |
|
1,851,368 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| $ |
$ |
|
|
Bank loans |
100,000 |
|
100,000 |
|
Obligations under finance lease and hire purchase contracts |
2,413,800 |
|
2,413,800 |
|
Trade creditors |
7,093,523 |
|
7,866,501 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
|
497 |
|
497 |
|
Corporation tax |
(26,386) |
|
- |
|
Other taxes and social security costs |
(22,313) |
|
766 |
|
VAT control account |
- |
|
(34,532) |
|
Net wages control account |
1,344 |
|
575 |
|
Other creditors |
781,457 |
|
5,706 |
|
Director Loan Account |
119,452 |
|
119,453 |
|
Accruals and deferred income |
860,224 |
|
1,375,321 |
|
|
|
|
|
|
11,321,598 |
|
11,848,087 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| $ |
$ |
|
|
Bank loans |
923,949 |
|
970,243 |
|
Obligations under finance lease and hire purchase contracts |
9,454,050 |
|
12,069,000 |
|
|
|
|
|
|
10,377,999 |
|
13,039,243 |
|
|
|
|
|
|
|
|
|
|
|
|
Maturity of debt: |
|
|
|
|
2024 |
|
2023 |
| $ |
$ |
|
|
Within one year or on demand |
2,629,752 |
|
2,629,752 |
|
Between one and two years |
5,259,504 |
|
5,259,504 |
|
Between two and five years |
5,002,543 |
|
7,663,787 |
|
After more than five years |
|
|
|
|
|
|
12,891,799 |
|
15,553,043 |
|
|
|
|
|
|
|
|
|
| 12 |
Secured liabilities |
2024 |
|
2023 |
| $ |
$ |
|
|
Bank loans due within one year |
215,952 |
|
215,952 |
|
Bank loans due after more than one year |
807,997 |
|
854,291 |
|
|
|
|
|
|
1,023,949 |
|
1,070,243 |
|
|
|
|
|
|
|
|
|
|
|
|
| 13 |
Obligations under finance leases and hire purchase |
2024 |
|
2023 |
|
contracts |
$ |
$ |
|
|
Amounts payable: |
|
Within one year |
2,413,800 |
|
2,413,800 |
|
Within two to five years |
9,454,050 |
|
12,069,000 |
|
|
|
|
|
|
11,867,850 |
|
14,482,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 14 |
Deferred taxation |
2024 |
|
2023 |
| $ |
$ |
|
|
Accelerated capital allowances |
191,797 |
|
386,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
| $ |
$ |
|
|
At 1 January |
386,551 |
|
(143,685) |
|
(Credited)/charged to the profit and loss account |
(194,754) |
|
530,236 |
|
|
At 31 December |
191,797 |
|
386,551 |
|
|
|
|
|
|
|
|
|
|
|
| 15 |
Share capital |
Nominal |
|
2024 |
|
2024 |
|
2023 |
| value |
Number |
$ |
$ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
$1.24 |
|
100,000 |
|
124,096 |
|
124,096 |
|
|
|
|
|
|
|
|
|
|
| 16 |
Profit and loss account |
2024 |
|
2023 |
| $ |
$ |
|
|
At 1 January |
1,273,252 |
|
(203,594) |
|
(Loss)/profit for the financial year |
(170,554) |
|
1,476,846 |
|
|
At 31 December |
1,102,698 |
|
1,273,252 |
|
|
|
|
|
|
|
|
|
|
| 17 |
Other financial commitments |
|
|
Total future minimum lease payments under non-cancellable operating leases: |
|
|
|
Land and buildings |
|
Land and buildings |
Other |
Other |
|
|
2024 |
|
2023 |
|
2024 |
|
2023 |
| $ |
$ |
$ |
$ |
|
Falling due: |
|
within one year |
150,806 |
|
89,949 |
|
- |
|
- |
|
within two to five years |
- |
|
574,292 |
|
- |
|
- |
|
|
150,806 |
|
664,241 |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 18 |
Related party transactions |
|
|
Advantage has been taken of the exemption available under FRS 102 para 33.1A Reduced Disclosure Framework not to disclose transactions with other wholly owned members of the group. |
|
|
| 19 |
Controlling party |
|
|
Commercis PLC became the ultimate controlling party for Talia Limited post year end on 1 February 2021. Commercis PLC is a Public Limited Company and incorporated in England. Its registered office is Third Floor, 6-8 James Street, London W1U 1ED. |
|
| 20 |
Presentation currency |
|
|
The financial statements are presented in USD. |
|
|
| 21 |
Legal form of entity and country of incorporation |
|
|
Talia Ltd is a private company limited by shares and incorporated in England. |
|
|
The address of the company's principal place of business and registered office is: |
|
|
Third Floor |
|
6 - 8 James Street |
|
London |
|
United Kingdom |
|
W1U 1ED |