ACCOUNTS - Final Accounts preparation

Registered number: 10525486

TAYLOR ASSET MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

TAYLOR ASSET MANAGEMENT LIMITED

REGISTERED NUMBER: 10525486

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		319,918		319,918
			319,918		319,918
Current assets
Debtors: amounts falling due within one year	5	-		25,640
Cash at bank and in hand	6	13,559		8,050
		13,559		33,690
Creditors: amounts falling due within one year	7	(99,068)		(3,750)
Net current (liabilities)/assets			(85,509)		29,940
Total assets less current liabilities			234,409		349,858

Net assets			234,409		349,858

Capital and reserves
Called up share capital	6,219	6,219
Share premium account	597,431	693,281
Profit and loss account	(369,241)	(349,642)
	234,409	349,858

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TAYLOR ASSET MANAGEMENT LIMITED

REGISTERED NUMBER: 10525486

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L Tamberlin

Director

Date: 23 December 2025

The notes on pages 3 to 6 form part of these financial statements.

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TAYLOR ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Taylor Asset Management Ltd is a private company limited by shares and is incorporated in England and Wales (registered number: 10525486). The registered office is 110 Wigmore Street, London, W1U 3RW.

The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

2.1

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated
current and forecasted operational results, and the solvency of the company. Given that the company is in a net asset position, the directors have assessed that the company will continue to have adequate funds to meets its obligations. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

The financial statements do not reflect any adjustments that would result from a withdrawal of
financial support by the directors and shareholders.

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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TAYLOR ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

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.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

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TAYLOR ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	319,918
	At 31 December 2024	319,918

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	-	25,040
Other debtors	-	600
	-	25,640

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	13,559	8,050
	13,559	8,050

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	95,318	-
Accruals and deferred income	3,750	3,750
	99,068	3,750

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TAYLOR ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Share premium
	During the year, the share premium was reduced by £95,850 from £693,281 to £597,431 and was repaid to the shareholders.

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