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Company No: 06024362 (England and Wales)

# TIDWORTH DEVELOPMENTS LTD

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

TIDWORTH DEVELOPMENTS LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

TIDWORTH DEVELOPMENTS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2025
TIDWORTH DEVELOPMENTS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 3,042 |  | 3,177
Investment property | 4 | 2,537,736 |  | 2,343,274
Investments | 5 | 122,054 |  | 129,600
|  | 2,662,832 |  | 2,476,051
Current assets |  |  |  |
Debtors | 6 | 84,541 |  | 9,405
Cash at bank and in hand |  | 16,106 |  | 54,744
|  | 100,647 |  | 64,149
Creditors: amounts falling due within one year | 7 | ( 53,546) |  | ( 124,881)
Net current assets/(liabilities) |  | 47,101 |  | (60,732)
Total assets less current liabilities |  | 2,709,933 |  | 2,415,319
Creditors: amounts falling due after more than one year | 8 | ( 1,002,045) |  | ( 1,006,045)
Provision for liabilities | 9 | ( 89,424) |  | ( 44,532)
Net assets |  | 1,618,464 |  | 1,364,742
Capital and reserves |  |  |  |
Called-up share capital | 10 | 1,800 |  | 1,800
Revaluation reserve |  | 562,627 |  | 417,373
Fair value reserve |  | 4,141 |  | 14,715
Profit and loss account |  | 1,049,896 |  | 930,854
Total shareholder's funds |  | 1,618,464 |  | 1,364,742

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Tidworth Developments Ltd (registered number: 06024362) were approved and authorised for issue by the Director. They were signed on its behalf by:

S Loopuit Director |

06 July 2026

TIDWORTH DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
TIDWORTH DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Tidworth Developments Ltd (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Turnover comprises gross rental receivable from the letting of the company's investment property.
Rental income revenue is recognised on an accruals basis.

##### Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 20 % reducing balance
Office equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

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

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 January 2025 | 2,824 |  | 999 |  | 3,823
Additions | 0 |  | 624 |  | 624
At 31 December 2025 | 2,824 |  | 1,623 |  | 4,447
Accumulated depreciation |  |  |  |  |
At 01 January 2025 | 407 |  | 239 |  | 646
Charge for the financial year | 483 |  | 276 |  | 759
At 31 December 2025 | 890 |  | 515 |  | 1,405
Net book value |  |  |  |  |
At 31 December 2025 | 1,934 |  | 1,108 |  | 3,042
At 31 December 2024 | 2,417 |  | 760 |  | 3,177

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 2,343,274
Additions | 790
Fair value movement | 193,672
As at 31 December 2025 | 2,537,736

Valuation

A full market valuation of investment property was completed by director at the statement of financial position date.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 1,887,064 |  | 1,886,274

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 January 2025 | 129,600 |  | 129,600
Additions | 116,534 |  | 116,534
Disposals | ( 129,600) |  | ( 129,600)
Movement in fair value | 5,520 |  | 5,520
At 31 December 2025 | 122,054 |  | 122,054
Carrying value at 31 December 2025 | 122,054 |  | 122,054
Carrying value at 31 December 2024 | 129,600 |  | 129,600

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 7,847
Amounts owed by director | 82,070 |  | 0
Prepayments and accrued income | 2,471 |  | 1,558
| 84,541 |  | 9,405

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank overdrafts | 3,097 |  | 4,800
Trade creditors | 513 |  | 356
Amounts owed to director | 0 |  | 22,031
Accruals and deferred income | 11,860 |  | 10,110
Taxation and social security | 34,176 |  | 83,684
Other creditors | 3,900 |  | 3,900
| 53,546 |  | 124,881

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 1,002,045 |  | 1,006,045

Bank Loans to the value of £1,000,000 (2024: £1,000,000) are secured on the company's investment property.

#### 9. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 44,532) |  | ( 39,928)
Charged to the Profit and Loss Account | ( 44,892) |  | ( 4,604)
At the end of financial year | ( 89,424) |  | ( 44,532)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Revaluation of investment property | ( 88,044) |  | ( 39,627)
Other timing differences | ( 1,380) |  | ( 4,905)
| ( 89,424) |  | ( 44,532)

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
180,000 A Ordinary shares of £ 0.01 each | 1,800 |  | 1,800

#### 11. Directors' benefits: advances, credits and guarantees

Included within debtors is £82,070 due from a director. At the beginning of the year £45,073 was owed to the director. During the year advances were made of £175,560 and repayments of £50,000. The balance is unsecured with no fixed repayment terms, and interest is charged at HMRC’s approved rate totalling £1,583. The balance was repaid post year end.