Tax Accountants (Holborn) Limited

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

Registered number: 11033632

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		232,534		290,667
Tangible Assets	5		11,595		15,459

			244,129		306,126
CURRENT ASSETS
Debtors	6	32,623		32,630
Cash at bank and in hand		10,440		1,057

		43,063		33,687
Creditors: Amounts Falling Due Within One Year	7	(253,975 )		(207,470 )

NET CURRENT ASSETS (LIABILITIES)			(210,912 )		(173,783 )

TOTAL ASSETS LESS CURRENT LIABILITIES			33,217		132,343

Creditors: Amounts Falling Due After More Than One Year	8		(163,201 )		(215,325 )

NET LIABILITIES			(129,984 )		(82,982 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(130,084 )		(83,082 )

SHAREHOLDERS' FUNDS			(129,984)		(82,982)

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Tax Accountants (Holborn) 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 James Hall

Director

06/01/2026

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

1. General Information

Tax Accountants (Holborn) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11033632 . The registered office is Chancery Station House, 31-33 High Holborn, London, WC1V 6AX.

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.

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 the profit and loss account over its estimated economic life of 5 years.

2.4. 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:

Motor Vehicles	Reducing balance method @25%
Fixtures & Fittings	Reducing balance method @25%
Computer Equipment	Reducing balance method @25%

2.5. Taxation

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

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.

Tax is recognised in profit or loss for the year, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case tax is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees during the year was: 13 (2024: 9)

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Tax Accountants (Holborn) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	558,976

As at 30 April 2025	558,976

Amortisation
As at 1 May 2024	268,309
Provided during the period	58,133

As at 30 April 2025	326,442

Net Book Value
As at 30 April 2025	232,534

As at 1 May 2024	290,667

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2024	35,893	29,579	1,605	67,077

As at 30 April 2025	35,893	29,579	1,605	67,077

Depreciation
As at 1 May 2024	24,536	25,477	1,605	51,618
Provided during the period	2,839	1,025	-	3,864

As at 30 April 2025	27,375	26,502	1,605	55,482

Net Book Value
As at 30 April 2025	8,518	3,077	-	11,595

As at 1 May 2024	11,357	4,102	-	15,459

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	7
Due after more than one year
Security Deposit	32,623	32,623

	32,623	32,630

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Tax Accountants (Holborn) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	21,281	22,027
Bank loans and overdrafts	9,484	3,951
Other creditors	198,573	152,324
Taxation and social security	24,637	29,168

	253,975	207,470

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loan	163,201	215,325

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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