1 November 2024 false No description of principal activity Taxfiler 2024.6 07406244business:PrivateLimitedCompanyLtd2024-11-012025-10-31 074062442024-10-31 074062442024-11-012025-10-31 07406244business:AuditExemptWithAccountantsReport2024-11-012025-10-31 07406244business:FilletedAccounts2024-11-012025-10-31 074062442025-10-31 07406244business:Director12024-11-012025-10-31 07406244business:Director22024-11-012025-10-31 07406244business:CompanySecretary12024-11-012025-10-31 07406244business:RegisteredOffice2024-11-012025-10-31 074062442024-10-31 07406244core:WithinOneYear2025-10-31 07406244core:WithinOneYear2024-10-31 07406244core:AfterOneYear2025-10-31 07406244core:AfterOneYear2024-10-31 07406244core:ShareCapitalcore:PreviouslyStatedAmount2025-10-31 07406244core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 07406244core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-10-31 07406244core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 07406244core:PreviouslyStatedAmount2025-10-31 07406244core:PreviouslyStatedAmount2024-10-31 07406244business:SmallEntities2024-11-012025-10-31 07406244countries:EnglandWales2024-11-012025-10-31 07406244core:RevaluationsIncreaseDecreaseInInvestments2025-10-31 074062442023-11-012024-10-31 iso4217:GBP xbrli:pure
Company Registration No. 07406244 (England and Wales)
Theory and Practice of Software Ltd Unaudited accounts for the year ended 31 October 2025
Theory and Practice of Software Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Theory and Practice of Software Ltd Company Information for the year ended 31 October 2025
Directors
Nikolaos Siafakas Abubakar Hassan
Secretary
Nikolaos Siafakas
Company Number
07406244 (England and Wales)
Registered Office
G35 Expressway Studios 1 Dock Road London E16 1AG UK
Accountants
PMCT Accountants & Consultants Ability House 121 Brooker Road Waltham Abbey Essex EN9 1JH
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Theory and Practice of Software Ltd for the year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Theory and Practice of Software Ltd for the year ended 31 October 2025 as set out on pages 5 - 6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Theory and Practice of Software Ltd, as a body, in accordance with the terms of our engagement letter dated 2 January 2011. Our work has been undertaken solely to prepare for your approval the accounts of Theory and Practice of Software Ltd and state those matters that we have agreed to state to the Board of Directors of Theory and Practice of Software Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Theory and Practice of Software Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Theory and Practice of Software Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Theory and Practice of Software Ltd. You consider that Theory and Practice of Software Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Theory and Practice of Software Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PMCT Accountants & Consultants Chartered Certified Accountants Ability House 121 Brooker Road Waltham Abbey Essex EN9 1JH 14 July 2026
- 4 -
Theory and Practice of Software Ltd Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investments
4
64,209 
76,262 
Current assets
Cash at bank and in hand
387,340 
337,522 
Creditors: amounts falling due within one year
5
(27,252)
(21,855)
Net current assets
360,088 
315,667 
Total assets less current liabilities
424,297 
391,929 
Creditors: amounts falling due after more than one year
6
(201,756)
(209,407)
Net assets
222,541 
182,522 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
221,541 
181,522 
Shareholders' funds
222,541 
182,522 
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by
Nikolaos Siafakas Director Company Registration No. 07406244
- 5 -
Theory and Practice of Software Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Theory and Practice of Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 07406244. The registered office is G35 Expressway Studios, 1 Dock Road, London, E16 1AG, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Other investments 
£ 
Valuation at 1 November 2024
76,262 
Fair value adjustments
(12,053)
Valuation at 31 October 2025
64,209 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
25,620 
17,097 
Other creditors
770 
2,040 
Loans from directors
862 
2,718 
27,252 
21,855 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Loans from directors
201,756 
209,407 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -