Registration number: SC413084

Tavadia Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Tavadia Ltd

(Registration number: SC413084)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	5,339	5,620
Tangible assets	5	397	467
		5,736	6,087
Current assets
Cash at bank and in hand		156,133	188,525
Creditors: Amounts falling due within one year	6	(18,194)	(6,032)
Net current assets		137,939	182,493
Net assets		143,675	188,580
Capital and reserves
Called up share capital		10	10
Retained earnings		143,665	188,570
Shareholders' funds		143,675	188,580

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

Directors' 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 Directors acknowledge 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 Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 

......................................... Dr Colin Fleming Director

Tavadia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
DD1 3DG
United Kingdom

The principal place of business is:
8 Murray Place
Perth
PH1 1BW

2	Accounting policies

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Tavadia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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
Equipment	15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2023 - 4).

Tavadia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £
Cost or valuation
At 1 January 2024	10,400
At 31 December 2024	10,400
Amortisation
At 1 January 2024	4,780
Amortisation charge	281
At 31 December 2024	5,061
Carrying amount
At 31 December 2024	5,339
At 31 December 2023	5,620

5	Tangible assets

	Office equipment £
Cost or valuation
At 1 January 2024	2,260
At 31 December 2024	2,260
Depreciation
At 1 January 2024	1,793
Charge for the year	70
At 31 December 2024	1,863
Carrying amount
At 31 December 2024	397
At 31 December 2023	467

6

Creditors

Creditors: amounts falling due within one year

Tavadia Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

	2024 £	2023 £
Due within one year
Taxation and social security	424	584
Accruals and deferred income	1,738	1,692
Other creditors	16,032	3,756
	18,194	6,032

7

Dividends

Final dividends paid

		2024 £		2023 £
Final dividend of £83.33 (2023 - £166.67) per each Ordinary A		500		1,000
Final dividend of £Nil per each Ordinary B		-		-
		500		1,000