Company No: 15605554 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025
		£
Fixed assets
Tangible assets	3	20,048
		20,048
Current assets
Stocks		1,748
Debtors	4	651
Cash at bank and in hand		4,714
		7,113
Creditors: amounts falling due within one year	5	( 24,581)
Net current liabilities		(17,468)
Total assets less current liabilities		2,580
Provision for liabilities		( 845)
Net assets		1,735
Capital and reserves
Called-up share capital	6	120
Profit and loss account		1,615
Total shareholders' funds		1,735

For the financial period ending 31 March 2025 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 financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Talavera UK Limited (registered number: 15605554) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

Mr B J Coward Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Talavera UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, United Kingdom. The principal place of business is Tresemple Farm, St. Clement, Truro, TR1 1TD.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the value, net of trade discounts, of services provided to customers and work carried out in respect of services provided to customers.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	5 - 10 years straight line
Computer equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	Period from 30.03.2024 to 31.03.2025
	Number
Monthly average number of persons employed by the Company during the period, including directors	2

3. Tangible assets

	Land and buildings		Plant and machinery		Computer equipment		Total
	£		£		£		£
Cost
At 30 March 2024	0		0		0		0
Additions	9,305		6,857		5,031		21,193
At 31 March 2025	9,305		6,857		5,031		21,193
Accumulated depreciation
At 30 March 2024	0		0		0		0
Charge for the financial period	211		556		378		1,145
At 31 March 2025	211		556		378		1,145
Net book value
At 31 March 2025	9,094		6,301		4,653		20,048

4. Debtors

	31.03.2025
	£
Other debtors	651

5. Creditors: amounts falling due within one year

	31.03.2025
	£
Trade creditors	809
Taxation and social security	18
Other creditors	23,754
	24,581

6. Called-up share capital

	31.03.2025
	£
Allotted, called-up and fully-paid
120 Ordinary shares of £ 1.00 each	120

On incorporation 120 £1 ordinary shares were issued.

7. Related party transactions

Transactions with the entity's directors

	31.03.2025
	£
RW Morris	54
BJ Coward	(946)
Director balances carried forward	(892)