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Registered number: 03656478









TIMBERMAN INVESTMENTS LTD







UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
TIMBERMAN INVESTMENTS LTD
 
 
COMPANY INFORMATION


Directors
Corpag Services Directors (UK) Limited (appointed 11 November 2019)
Natalie Mulvihill (appointed 24 June 2022)




Registered number
03656478



Registered office
1 Charterhouse Mews

London

EC1M 6BB





 
TIMBERMAN INVESTMENTS LTD
 

CONTENTS



Page
Directors' Report
1
Profit and Loss Account
2
Balance Sheet
3 - 4
Notes to the Financial Statements
5 - 8


 
TIMBERMAN INVESTMENTS LTD
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024


Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company in the year under review was that of an investment holding company.

Directors

The directors who served during the year were:

Corpag Services Directors (UK) Limited (appointed 11 November 2019)
Natalie Mulvihill (appointed 24 June 2022)

Post balance sheet events

Information relating to events since the end of the year is given in the notes to the financial statements. 

This report was approved by the board on 27 May 2025 and signed on its behalf.
 





Natalie Mulvihill- Director

Page 1

 
TIMBERMAN INVESTMENTS LTD
 
 
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

Other income
  
25.637
28.839

Other charges
  
(11.445)
(43.457)

Profit/(loss)
  
14.192
(14.618)

Page 2

 
TIMBERMAN INVESTMENTS LTD
REGISTERED NUMBER: 03656478

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
533.268
533.268

  
533.268
533.268

Current assets
  

Debtors: amounts falling due after more than one year
 5 
548.261
572.186

Cash At Bank And In Hand
  
949
2.249

  
549.210
574.435

Creditors: amounts falling due within one year
 6 
(1.190.101)
(2.173.214)

Net current liabilities
  
 
 
(640.891)
 
 
(1.598.779)

Total assets less current liabilities
  
(107.623)
(1.065.511)

  

Net liabilities
  
(107.623)
(1.065.511)


Capital and reserves
  

Called up share capital 
 7 
10.000
5.000

Share premium account
  
938.696
-

Other reserves
  
(1.070.511)
(1.055.893)

Profit and loss account
  
14.192
(14.618)

  
(107.623)
(1.065.511)


Page 3

 
TIMBERMAN INVESTMENTS LTD
REGISTERED NUMBER: 03656478
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024



Notes


Average number of employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

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.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




................................................
Natalie Mulvihill
Natalie Mulvihill- Director

Page 4

 
TIMBERMAN INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


Statutory information

Timberman Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding net current liabilities of £640,891 (2023: £1,598,779), which the director believes to be appropriate for the following reason:
Within the creditors due within one year is a loan from the parent company of £1,190,101 (2023: £2,159,564). The parent company will continue to support the business to enable the company to meet its liabilities as they fall due.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
TIMBERMAN INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Trade and other creditors are obligations to pay for services that have been acquired in the ordinary course of business and are measured at historical cost. Accrued expenses are recognised when the amount can be measured reliably.

 
2.7

Fixed asset investments

Fixed asset investments are recorded at cost and reviewed for any permanent diminution in value. 


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 6

 
TIMBERMAN INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies
Loans to subsidiaries
Total

£
£
£



Cost or valuation


At 1 January 2024
186.897
533.268
720.165



At 31 December 2024

186.897
533.268
720.165



Impairment


At 1 January 2024
186.897
-
186.897



At 31 December 2024

186.897
-
186.897



Net book value



At 31 December 2024
-
533.268
533.268



At 31 December 2023
-
533.268
533.268


5.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
548.261
572.186

548.261
572.186



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
13.650

Amounts owed to group undertakings
1.190.101
2.159.564

1.190.101
2.173.214


Page 7

 
TIMBERMAN INVESTMENTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10.000 (2023 - 5.000) Ordinary shares of £1,00 each
10.000
5.000





8.


Related party transactions

At 31 December 2024 Timberman Investments Limited was owed £1,081,528 (2023: £1,105,453) from Rural Y Urbana Catalano - Mallorquina, S.L, 100% subsidiary of the company. Interest of £25,637 (2023: £26,217) at 5% per annum was receivable on the intercompany loan of £533,268 (2023: £533,268).
At 31 December 2024 Timberman Investments Limited owed the Bucheron Trust, its parent undertaking £1,1190,101 (2023: £2,159,564). Interest of 6% per annum totalling £57,479 (2023: £58,162) was charged to the company in the year.


9.


Post balance sheet events

There have been no other significant events affecting the Company since the year end.


10.


Ultimate controlling party

The immediate and ultimate controlling party is Danny Kragt, as beneficiary of the Bucheron Trust. 

 
Page 8