Tapcastle Limited - Filleted accounts

Registered number

14679890

Tapcastle Limited

Filleted Accounts

28 February 2025

Tapcastle Limited
Registered number:		14679890
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		196,778			112,806

Current assets
Debtors	4	1,520			-
Cash at bank and in hand		7,208			-
		8,728			-

Creditors: amounts falling due within one year	5	(216,543)			(113,704)

Net current liabilities			(207,815)			(113,704)

Net liabilities			(11,037)			(898)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(11,039)			(900)

Shareholder's funds			(11,037)			(898)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K T Chan
Director
Approved by the board on 28 November 2025

Tapcastle Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	Not provided

	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.

	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.

	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.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 29 February 2024				112,806
	Additions				83,972
	At 28 February 2025				196,778

	Depreciation
	At 28 February 2025				-

	Net book value
	At 28 February 2025				196,778
	At 28 February 2024				112,806


4	Debtors		2025		2024
£				£

	Other debtors		1,520		-

	Included in other debtors is an amount of £1,520 (2024:NIL) due from Tappro UK Ltd. KT Chan (director) has a controlling interest in this company. The loan is unsecure and interest free.

5	Creditors: amounts falling due within one year		2025		2024
£				£

	Trade creditors		2,340		900
	Other creditors		214,203		112,804
			216,543		113,704

	Included in other creditors is an amount of £3,000 (2024:NIL) due to Tappro Holding Ltd. KT Chan (director) has a controlling interest in this company.

6	Related party transactions

	Included in other debtors is an amount of £1,520 (2024:NIL) due from Tappro UK Ltd. KT Chan (director) has a controlling interest in this company. The loan is unsecure and interest free. Included in other creditors is an amount of £3,000 (2024:NIL) due to Tappro Holding Ltd. KT Chan has a controlling interest in this company.


7	Controlling party

	The controlling party is K T Chan (director) by virtue of her 100% ownership of the issued share capital.


8	Other information

	Tapcastle Limited is a private company limited by shares and incorporated in England. Its registered office is:
	129 Gerald Road
	Salford
	M6 6BL