Tax Trends Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08477816

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		343,003		221,526
Investments	6		696,098		537,860

			1,039,101		759,386
CURRENT ASSETS
Debtors	7	42,175		52,795
Cash at bank and in hand		-		33,809

		42,175		86,604
Creditors: Amounts Falling Due Within One Year		(114,484 )		(88,255 )

NET CURRENT ASSETS (LIABILITIES)			(72,309 )		(1,651 )

TOTAL ASSETS LESS CURRENT LIABILITIES			966,792		757,735

Creditors: Amounts Falling Due After More Than One Year			(144,737 )		(111,945 )

NET ASSETS			822,055		645,790

CAPITAL AND RESERVES
Called up share capital	8		10		10
Fair value reserve	9		670,814		515,240
Profit and Loss Account			151,231		130,540

SHAREHOLDERS' FUNDS			822,055		645,790

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Tax Trends Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Sidon

Director

03/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tax Trends Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08477816 . The registered office is 563 Chiswick High Road, London, W4 3AY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are patch costs. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Tax Trends Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Intangible Assets

	Goodwill	Other	Intellectual Property	Total
	£	£	£	£
Cost or Valuation
As at 1 May 2024	192,667	221,526	3,400	417,593
Revaluations	-	121,477	-	121,477

As at 30 April 2025	192,667	343,003	3,400	539,070

Amortisation
As at 1 May 2024	192,667	-	3,400	196,067

As at 30 April 2025	192,667	-	3,400	196,067

Net Book Value
As at 30 April 2025	-	343,003	-	343,003

As at 1 May 2024	-	221,526	-	221,526

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 May 2024	2,015	1,980	3,995

As at 30 April 2025	2,015	1,980	3,995

Depreciation
As at 1 May 2024	2,015	1,980	3,995

As at 30 April 2025	2,015	1,980	3,995

Net Book Value
As at 30 April 2025	-	-	-

As at 1 May 2024	-	-	-

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Tax Trends Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Investments

	Listed	Unlisted	Total
	£	£	£
Cost or Valuation
As at 1 May 2024	537,860	22,328	560,188
Disposals	(59,970 )	-	(59,970 )
Revaluations	218,208	-	218,208

As at 30 April 2025	696,098	22,328	718,426

Provision
As at 1 May 2024	-	22,328	22,328

As at 30 April 2025	-	22,328	22,328

Net Book Value
As at 30 April 2025	696,098	-	696,098

As at 1 May 2024	537,860	-	537,860

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	35,961	46,581
Other debtors	6,214	6,214

	42,175	52,795

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

9. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 May 2024	515,240	130,540
Profit for the year and total comprehensive income	-	62,691

Dividends paid	-	(42,000)
Movements in fair value reserve	155,574	-

As at 30 April 2025	670,814	151,231

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