Teaching Cave Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI636617

TEACHING CAVE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

TEACHING CAVE LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	585	3,642
Tangible assets	6	35,254	35,303
		--------	--------
		35,839	38,945

Current assets

Debtors	7	36,585	30,406
Cash at bank and in hand		21,974	38,099
		--------	--------
		58,559	68,505

Creditors: amounts falling due within one year	8	58,134	67,674
		--------	--------
Net current assets		425	831
		--------	--------
Total assets less current liabilities		36,264	39,776

Creditors: amounts falling due after more than one year	9	20,001	26,985

Provisions	12,395	12,395
	--------	--------
Net assets	3,868	396
	--------	--------

Capital and reserves

Called up share capital	10	2	2
Profit and loss account		3,866	394
		-------	----
Shareholders funds		3,868	396
		-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

TEACHING CAVE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 9 January 2026 , and are signed on behalf of the board by:

Mr C Dillon	Mrs C L Dillon
Director	Director

Company registration number: NI636617

TEACHING CAVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 34a Shore Road, Greenisland, Carrickfergus, Antrim, BT38 8UE, Northern Ireland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website	-	25 % straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% straight line
Equipment	-	25 % straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. Intangible assets

	Website
	£
Cost
At 1 May 2024 and 30 April 2025	12,227
	--------
Amortisation
At 1 May 2024	8,585
Charge for the year	3,057
	--------
At 30 April 2025	11,642
	--------
Carrying amount
At 30 April 2025	585
	--------
At 30 April 2024	3,642
	--------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 May 2024	68,055	30,705	98,760
Additions	–	11,199	11,199
	--------	--------	---------
At 30 April 2025	68,055	41,904	109,959
	--------	--------	---------
Depreciation
At 1 May 2024	40,370	23,087	63,457
Charge for the year	6,806	4,442	11,248
	--------	--------	---------
At 30 April 2025	47,176	27,529	74,705
	--------	--------	---------
Carrying amount
At 30 April 2025	20,879	14,375	35,254
	--------	--------	---------
At 30 April 2024	27,685	7,618	35,303
	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	99	3,103
Amounts owed by group undertakings	27,257	27,303
Other debtors	9,229	–
	--------	--------
	36,585	30,406
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings	29,322	22,946
Corporation tax	3,143	4,878
Social security and other taxes	15,585	29,766
Other creditors - other loans	1,000	1,000
Other creditors	9,084	9,084
	--------	--------
	58,134	67,674
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	20,001	26,985
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

11.

12. Related party transactions

The company was under the joint control of Mr C Dillon and Mrs C Dillon throughout the current period. Mr C Dillon and Mrs C Dillon are directors and equal shareholders. The company undertook transactions at arms length with Max Go Limited during the year. Max Go Limited is related by common directors and shareholders, Mr and Mrs C Dillon. At the year end Max Go Limited owed Teaching Cave Limited 2025: £27,257 (2024: £27,303 At the year end Max Go Limited owed Teaching Cave Limited). The company undertook transactions at arms length with Transfer Test Limited during the year. Transfer Test Limited is related by common director and shareholder, Mr C Dillon . At the year end, Teaching Cave Limited owed Transfer Test Limited 2025: £29,322 (2024: £22,945). There were no other related party transactions requiring disclosure under FRS102.