REGISTERED NUMBER: 05195595

Financial Statements

for the Year Ended 30 November 2025

for

Talis Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Butcher

D Butcher

SECRETARY:

D Butcher

REGISTERED OFFICE:

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

REGISTERED NUMBER:

05195595

ACCOUNTANTS:

Anser Solutions!

Chartered Accountants

Suite 1

19 Aviation Way

Southend Airport

Southend on Sea

Essex

SS2 6UN

FIXED ASSETS

Tangible assets

3

60,555

75,921

Investment property

4

320,000

320,000

380,555

395,921

CURRENT ASSETS

Stocks

28,015

24,770

Debtors

5

317,699

425,048

Cash at bank

34,025

123,606

379,739

573,424

CREDITORS

Amounts falling due within one year

6

324,747

307,524

NET CURRENT ASSETS

54,992

265,900

TOTAL ASSETS LESS CURRENT LIABILITIES

435,547

661,821

CREDITORS

Amounts falling due after more than one year

7

-

(7,030

)

PROVISIONS FOR LIABILITIES

(33,480

)

(36,400

)

NET ASSETS

402,067

618,391

CAPITAL AND RESERVES

Called up share capital

20

20

Fair value reserve

9

111,687

111,687

Retained earnings

9

290,360

506,684

SHAREHOLDERS' FUNDS

402,067

618,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

M Butcher - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is initially recognised at cost. The cost of a purchased investment property comprises it's purchase price and any directly attributable expenditure. Subsequently, investment property whose value can be measured without undue cost or effort is measured at fair value at each reporting date with changes in fair value being recognised in the income statement.

Deferred tax is provided on these fair value changes at the rate expected to apply when the property is sold.

Fair value is determined by the directors based on their knowledge of the properties taking into account location, condition and prevailing market values at the reporting date.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company makes employer contributions into the personal pensions of employees. Contributions are provided in the profit & loss account in the year to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

132,128

DEPRECIATION

At 1 December 2024

56,207

Charge for year

15,366

At 30 November 2025

71,573

NET BOOK VALUE

At 30 November 2025

60,555

At 30 November 2024

75,921

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2024

38,371

Transfer to ownership

(38,371

)

At 30 November 2025

-

DEPRECIATION

At 1 December 2024

10,795

Charge for year

6,895

Transfer to ownership

(17,690

)

At 30 November 2025

-

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

27,576

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

320,000

NET BOOK VALUE

At 30 November 2025

320,000

At 30 November 2024

320,000

Fair value at 30 November 2025 is represented by:

£

Valuation in 2017

3,662

Valuation in 2018

30,000

Valuation in 2020

15,000

Valuation in 2024

85,000

Cost

186,338

320,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

117,634

373,144

Amounts recoverable on contract

164,727

44,720

Other debtors

35,338

7,184

317,699

425,048

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

7,497

10,340

Hire purchase contracts

-

2,904

Trade creditors

149,732

195,524

Taxation and social security

124,989

72,233

Other creditors

42,529

26,523

324,747

307,524

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

-

7,030

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Bank loans

7,030

17,370

Hire purchase contracts

-

2,904

7,030

20,274

The above loan is a 'Bounceback' loan taken out in 2020, which is 100% guaranteed by the government as part of their COVID19 relief measures and is repayable over 6 years.

Hre purchase liabilities are secured against the assets they were used to procure.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 December 2024

506,684

111,687

618,371

Profit for the year

2,406

2,406

Dividends

(218,730

)

(218,730

)

At 30 November 2025

290,360

111,687

402,047

10.	OTHER FINANCIAL COMMITMENTS

Total operating lease commitments not included in the balance sheet amount to £79,277 (2024: £62,950)