ACCOUNTS - Final Accounts preparation

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Registered number: 07168074

TALIANCE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021


TALIANCE LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


TALIANCE LIMITED REGISTERED NUMBER:07168074

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2021

	2021	2020
Note	£	£


Current assets
Debtors: amounts falling due within one year	4	954,697	713,314
Current liabilities
Creditors: amounts falling due within one year	5	(1,017,956)	(903,697)

Net liabilities		(63,259)	(190,383)

Capital and reserves
Called up share capital	6	126	126
Share premium account		143,628	143,628
Profit and loss account		(207,013)	(334,137)
		(63,259)	(190,383)

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 July 2022.

A Bartolini

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


TALIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1.	General information

Taliance Limited is a limited liability company incorporated in England and Wales, with its business office address at 180 Great Portland Street, London, W1W 5QZ.
The principal activity of the Company is that of the provision and maintenance of cloud-based alternative investment software.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

In considering the going concern assumption, the directors have prepared projections and cash flow forecasts and considered current facilities available to them. These indicate a material reliance on support from group companies will be required to enable the Company to continue as a going concern.
After making enquiries, the directors have a reasonable expectation that the Company will continue to receive support from group companies as required and therefore has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors continue to adopt the going concern basis in preparing the annual report and financial statements.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.
Revenue for software sales and training is recognised at the point of supply.
Revenue for support service is recognised evenly over the period of the contract.
Revenue for subscription income is recognised dependant on the nature of the subscription. Right of use subscriptions, where a license is transferred to the customer for the length of the contract are recognised 50% at the point of supply, and the remainder recognised evenly over the period of the contract. Right of access subscriptions, where the Company retains control of the license are recognised evenly over the period of the contract.
Revenue received in advance of future services is carried forward as deferred income.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Page 2


TALIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

2.6

Creditors

Short term creditors are measured at the transaction price.

2.7

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is £ sterling.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the applicable monthly average exchange rates published by HMRC.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

3.	Employees
	The directors were the only employees of the Company during the current and preceding period.

Debtors

					2021	2020
					£	£


Trade debtors	-	45,695
Amounts owed by group undertakings	917,500	436,778
Prepayments and accrued income	37,197	230,841
	954,697	713,314

Page 3


TALIANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

5.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	908,745	800,285
Taxation and social security	4,133	4,018
Other creditors	-	303
Accruals and deferred income	105,078	99,091
	1,017,956	903,697

6.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

126 (2020 - 126) Ordinary shares of £1 each	126	126

7.	Related party transactions
	The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

8.	Controlling party

The immediate parent undertaking is Taliance Group SAS, a company incorporated in France. The directors regard Altus Group Limited, a company incorporated in Toronto, Ontario, Canada as the ultimate parent undertaking. Group accounts are available from the Altus Group website at www.altusgroup.com.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2021 was unqualified.

The audit report was signed on 20 July 2022 by Stephen Iseman FCA (Senior Statutory Auditor) on behalf of Sopher + Co LLP.

Page 4