Tanit London Limited

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

Registered number: 10793228

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		29,918		-
Tangible Assets	5		669		-

			30,587		-
CURRENT ASSETS
Stocks	6	102,500		104,001
Debtors	7	173,080		310,964
Cash at bank and in hand		63,540		33,662

		339,120		448,627
Creditors: Amounts Falling Due Within One Year	8	(790,278 )		(905,421 )

NET CURRENT ASSETS (LIABILITIES)			(451,158 )		(456,794 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(420,571 )		(456,794 )

Creditors: Amounts Falling Due After More Than One Year	9		(714,475 )		(77,675 )

NET LIABILITIES			(1,135,046 )		(534,469 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(1,135,146 )		(534,569 )

SHAREHOLDERS' FUNDS			(1,135,046)		(534,469)

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Tanit London Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

Ms Ece SIRIN

Director

27/05/2025

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

1. General Information

Tanit London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10793228 . The registered office is 148 Sloane Street, London, SW1X 9BZ.

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.

The balance sheet shows negative assets at the 31.05.2025 of(£1,135,046), (2024 - £534,469)

The director has agreed to financially support the company for the foreseeable future and will call upon the directors’s loan accounts balance of £726,844 (2024 - £427,451) within the next year. The director believes that the accounts are appropriately prepared on a going concern basis.”

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... 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:

Computer Equipment

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 3)

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Tanit London Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 June 2024	-
Additions	30,000

As at 31 May 2025	30,000

Amortisation
As at 1 June 2024	-
Provided during the period	82

As at 31 May 2025	82

Net Book Value
As at 31 May 2025	29,918

As at 1 June 2024	-

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 June 2024	-
Additions	999

As at 31 May 2025	999

Depreciation
As at 1 June 2024	-
Provided during the period	330

As at 31 May 2025	330

Net Book Value
As at 31 May 2025	669

As at 1 June 2024	-

6. Stocks

	2025	2024
	£	£
Stock	102,500	104,001

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Tanit London Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	14,080	-
Other debtors	-	305,864
Other debtors (1)	159,000	-
Amounts owed by group undertakings	-	5,100

	173,080	310,964

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	33,596	472,435
Bank loans and overdrafts	9,129	(20,217 )
Other taxes and social security	519	5,293
VAT	20,190	-
Other creditors	-	456
Accruals and deferred income	-	20,002
Director's loan account	726,844	427,452

	790,278	905,421

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

	2025	2024
	£	£
Net wages	2,499	-
Other creditors (5)	71,876	-
Amounts owed to group undertakings	640,100	77,675

	714,475	77,675

10. Share Capital

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

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