Company Registration No. 09461416 (England and Wales)
Tallarium Limited
Unaudited accounts
for the year ended 31 March 2026
Tallarium Limited
Unaudited accounts
Contents
Tallarium Limited
Company Information
for the year ended 31 March 2026
Directors
Mr S Ermilov
Mr M Steinberg
Company Number
09461416 (England and Wales)
Registered Office
16 Great Queen Street
Covent Garden
London
WC2B 5AH
United Kingdom
Accountants
Barnes & Scott
86-90 Paul Street
London
EC2A 4NE
Tallarium Limited
Statement of financial position
as at 31 March 2026
Tangible assets
16,245
29,036
Cash at bank and in hand
83,084
537,238
Creditors: amounts falling due within one year
(429,420)
(510,283)
Net current (liabilities)/assets
(287,088)
235,081
Total assets less current liabilities
(270,843)
264,117
Creditors: amounts falling due after more than one year
-
(2,419,297)
Net liabilities
(270,843)
(2,155,180)
Called up share capital
2
2
Share premium
8,576,283
4,543,132
Capital contribution reserve
1,204,227
1,883,471
Profit and loss account
(10,051,355)
(8,581,785)
Shareholders' funds
(270,843)
(2,155,180)
For the year ending 31 March 2026 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 8 September 2026 and were signed on its behalf by
Mr S Ermilov
Director
Company Registration No. 09461416
Tallarium Limited
Notes to the Accounts
for the year ended 31 March 2026
Tallarium Limited is a private company, limited by shares, registered in England and Wales, registration number 09461416. The registered office is 16 Great Queen Street, Covent Garden, London, WC2B 5AH, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
The directors consider the going concern basis to be appropriate having paid due regard to the company's projected results during the twelve months from the date the financial statements are approved and anticipated cash flows, availability of financing facilities and mitigating actions that can be taken during the period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tallarium Limited
Notes to the Accounts
for the year ended 31 March 2026
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates EMI and unapproved share option schemes. Options vest over a maximum period of four years and are exercisable on an exit event. Vested options continue to be held following cessation of employment, although EMI tax advantages lapse after the relevant statutory period.
At the period end there were 1,136,876 options in issue. The Company has entered a debit of £103,429 through the profit and loss account, being the estimated fair value increase in share options during the period.
The number and weighted average exercise prices for the options are as follows:
(i) outstanding at the beginning of the period - 1,162,675 share options at ££0.00000114 exercise price each;
(ii) granted during the period - 112,787 shares at ££0.00000003 exercise price each;
(iii) forfeited during the period - 138,586 shares at ££0.00000010 exercise price each;
(iv) exercised during the period - Nil;
(v) expired during the period - Nil;
(vi) outstanding at the end of the period - 1,136,876 share options at ££0.00000115 exercise price each; and
(vii) exercisable at the end of the period - 1,019,314 share options at ££0.00000071 exercise price each.
The cash at bank and in hand has been restated from £590,240 to £537,238 due to a bookkeeping correction.
4
Intangible fixed assets
Other
At 31 March 2026
1,267,750
At 31 March 2026
1,267,750
Tallarium Limited
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
17,531
54,900
72,431
At 31 March 2026
17,531
59,735
77,266
At 1 April 2025
5,677
37,718
43,395
Charge for the year
3,506
14,120
17,626
At 31 March 2026
9,183
51,838
61,021
At 31 March 2026
8,348
7,897
16,245
At 31 March 2025
11,854
17,182
29,036
Amounts falling due within one year
Trade debtors
23,080
179,479
Accrued income and prepayments
20,566
21,219
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
107,443
156,211
Other creditors
1,761
6,923
Deferred income
293,101
344,749
8
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
-
2,419,297
The amount of £2,419,297 relates to debentures.
9
Average number of employees
During the year the average number of employees was 9 (2025: 11).