Tallis Wealth Management Ltd - Filleted accounts

Registered number

10232622

Tallis Wealth Management Ltd

Filleted Accounts

31 March 2025

Tallis Wealth Management Ltd
Registered number:		10232622
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		44,037			44,634

Current assets
Debtors	4	77,938			78,265
Investments held as current assets	5	150,000			150,000
Cash at bank and in hand		140,667			82,853
		368,605			311,118

Creditors: amounts falling due within one year	6	(23,881)			(25,282)

Net current assets			344,724			285,836

Net assets			388,761			330,470

Capital and reserves
Called up share capital			100			100
Profit and loss account			388,661			330,370

Shareholders' funds			388,761			330,470

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr S C Francis
Director
Approved by the board on 12 January 2026

Tallis Wealth Management Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	20% reducing balance
	Plant and machinery	20% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at cost value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	3,344		52,705		56,049
	Additions	587		51,990		52,577
	Disposals	-		(52,705)		(52,705)
	At 31 March 2025	3,931		51,990		55,921

	Depreciation
	At 1 April 2024	874		10,541		11,415
	Charge for the year	612		10,398		11,010
	On disposals	-		(10,541)		(10,541)
	At 31 March 2025	1,486		10,398		11,884

	Net book value
	At 31 March 2025	2,445		41,592		44,037
	At 31 March 2024	2,470		42,164		44,634


4	Debtors			2025		2024
£					£

	Trade debtors			3,735		3,419
	Other debtors			74,203		74,846
				77,938		78,265


5	Investments held as current assets			2025		2024
£					£
	Costs value
	Listed investments			150,000		150,000


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			16,037		18,810
	Other creditors			7,844		6,472
				23,881		25,282


7	Other information

	Tallis Wealth Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Demar House, 14 Church Road
	East Wittering
	Chichester
	West Sussex
	PO20 8PS