REGISTERED NUMBER: 09759034 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2024

for

Tax Consultancy Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G B Ryan

J C Sweet

REGISTERED OFFICE:

100 Liverpool Street

London

EC2M 2AT

REGISTERED NUMBER:

09759034 (England and Wales)

AUDITORS:

Saffery LLP

71 Queen Victoria Street

London

EC4V 4BE

CURRENT ASSETS

Debtors

4

1,087,120

1,162,137

CREDITORS

Amounts falling due within one year

5

-

(1,000

)

NET CURRENT ASSETS

1,087,120

1,161,137

TOTAL ASSETS LESS CURRENT LIABILITIES

1,087,120

1,161,137

CAPITAL AND RESERVES

Called up share capital

6

300

300

Other reserves

50,000

50,000

Retained earnings

1,036,820

1,110,837

SHAREHOLDERS' FUNDS

1,087,120

1,161,137

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

G B Ryan - Director

1.	STATUTORY INFORMATION

Tax Consultancy Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

On the 1 April 2023 the group made the decision to hive up all trade and assets of Tax Consultancy Services Limited to Research & Development Tax Solutions Limited, the parent company. As a result Tax Consultancy Services Limited has ceased to trade as an individual entity and will be dissolved.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a basis other than going concern given that the trade and assets have been hived up to the parent company as part of a group restructuring process.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The services performed are recognised with reference to the stage of completion of the transaction, measuring it against the proportion of the service contract being completed and when the performance obligations are satisfied.

Turnover from management recharges are recognised at the stage of the service being provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

1,087,120

1,097,983

Other debtors

-

64,154

1,087,120

1,162,137

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

-

1,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

300

Ordinary

£1

300

300

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9.	POST BALANCE SHEET EVENTS

Following the group's restructuring plan the company will be dissolved.

10.	ULTIMATE CONTROLLING PARTY