ACCOUNTS - Final Accounts

TOBY MUNDY ASSOCIATES LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01falseNo description of principal activitytrue22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09117825 2022-01-01 2022-12-31 09117825 2021-01-01 2021-12-31 09117825 2022-12-31 09117825 2021-12-31 09117825 c:Director1 2022-01-01 2022-12-31 09117825 d:OfficeEquipment 2022-01-01 2022-12-31 09117825 d:OfficeEquipment 2022-12-31 09117825 d:OfficeEquipment 2021-12-31 09117825 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09117825 d:CurrentFinancialInstruments 2022-12-31 09117825 d:CurrentFinancialInstruments 2021-12-31 09117825 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09117825 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09117825 d:ShareCapital 2022-12-31 09117825 d:ShareCapital 2021-12-31 09117825 d:RetainedEarningsAccumulatedLosses 2022-12-31 09117825 d:RetainedEarningsAccumulatedLosses 2021-12-31 09117825 c:OrdinaryShareClass1 2022-01-01 2022-12-31 09117825 c:OrdinaryShareClass1 2022-12-31 09117825 c:FRS102 2022-01-01 2022-12-31 09117825 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09117825 c:FullAccounts 2022-01-01 2022-12-31 09117825 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09117825 4 2022-01-01 2022-12-31 09117825 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 09117825 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09117825

TOBY MUNDY ASSOCIATES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022


TOBY MUNDY ASSOCIATES LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 6


TOBY MUNDY ASSOCIATES LIMITED REGISTERED NUMBER:09117825

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		5,355		5,262
Current assets
Debtors: amounts falling due within one year	5	8,603		5,913
Cash at bank and in hand		28,725		39,404
		37,328		45,317
Current liabilities
Creditors: amounts falling due within one year	6	(9,582)		(13,501)
Net current assets			27,746		31,816
Total assets less current liabilities			33,101		37,078
Deferred tax	7		(1,017)		(1,000)
Net assets			32,084		36,078

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		32,083	36,077
		32,084	36,078

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 12 April 2023.

J T Mundy

Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

The company's legal form is that of a private limited company incorporated in the United Kingdom. The Company's registered office is 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, United Kingdom, W1K 3NB and its principal place of business is 46 Kirkley Road, Wimbledon, London, United Kingdom, SW19 3AY.
The principal activity of the company is that of a talent management company, specialising in consultancy and representing authors and speakers.
The Company's functional and presentational currency is £ Sterling.

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

Turnover

Revenue comprises fees and commissions receivable in respect of services supplied during the year, exclusive of Value Added Tax.
Fee income is recognised when services are provided. Commissions are recognised when royalties and advances are received from publishers on behalf of authors.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

Straight line 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.4

Financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand.
Trade debtors and other debtors are recognised initially at the transaction price less attributable transaction costs. Trade creditors and other creditors are recognised initially at transaction price plus attributable transaction costs.
Cash and cash equivalents comprise cash balances and call deposits.

2.5

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.6

Pensions

Defined contribution pension plan
The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.Defined contribution pension plan.

2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 3


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.9

Client funds

The company holds funds on behalf of clients in the ordinary course of business. These funds are held in separate client bank accounts which do not form part of these financial statements. At 31 December 2022 the balance of funds held on behalf of clients amounted to £159 (2021 - £4,763).

Employees

The directors were the only employees of the Company during the current and preceding year.

Page 4


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 January 2022	8,692
	Additions	2,020
	At 31 December 2022	10,712
	Depreciation
	At 1 January 2022	3,430
	Charge for the year on owned assets	1,927
	At 31 December 2022	5,357
	Net book value
	At 31 December 2022	5,355
	At 31 December 2021	5,262

Debtors

					2022	2021
					£	£


Trade debtors	2,318	3,569
Other debtors	1,580	-
Prepayments and accrued income	4,705	2,344
	8,603	5,913

Page 5


TOBY MUNDY ASSOCIATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	625	358
Corporation tax	1,293	7,575
Taxation and social security	1,311	2,133
Other creditors	3,353	685
Accruals and deferred income	3,000	2,750
	9,582	13,501

7.	Deferred taxation

		2022
		£

	At beginning of year	1,000
	Charged to profit or loss	17
	At end of year	1,017

The provision for deferred taxation is made up as follows:
	2022	2021
	£	£

Accelerated capital allowances

1,017

1,000

8.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

10 Ordinary shares of £0.10 each	1	1

Page 6