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REGISTERED NUMBER: 12851447 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TORBOUR PROPERTIES LTD

| TORBOUR PROPERTIES LTD (REGISTERED NUMBER: 12851447) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| TORBOUR PROPERTIES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2024

| DIRECTORS: | M E Harris

| S G Pettyfer

| REGISTERED OFFICE: | 17 Cleveland Road

| London

| SW13 0AA

| REGISTERED NUMBER: | 12851447 (England and Wales)

| ACCOUNTANTS: | Macalvins Limited

| Chartered Accountants

| 7 St John's Road

| Harrow

| Middlesex

| HA1 2EY

| TORBOUR PROPERTIES LTD (REGISTERED NUMBER: 12851447) |

BALANCE SHEET

30 SEPTEMBER 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 666,293 |  | 666,293 |  |

CURRENT ASSETS

Debtors | 5 | 1,010 |  | - |  |

Cash at bank | 11,130 |  | 9,210 |  |

12,140 |  | 9,210 |  |

CREDITORS

Amounts falling due within one year | 6 | 479,269 |  | 488,906 |  |

NET CURRENT LIABILITIES | (467,129 | ) | (479,696 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 199,164 |  | 186,597 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (139,617 | ) | (139,617 | ) |

PROVISIONS FOR LIABILITIES | (8,185 | ) | (8,185 | ) |

NET ASSETS | 51,362 |  | 38,795 |  |

CAPITAL AND RESERVES

Called up share capital | 400 |  | 400 |  |

Revaluation reserve | 9 | 24,553 |  | 24,553 |  |

Retained earnings | 26,409 |  | 13,842 |  |

51,362 |  | 38,795 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:

S G Pettyfer - Director

| TORBOUR PROPERTIES LTD (REGISTERED NUMBER: 12851447) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. | STATUTORY INFORMATION

| Torbour Properties Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Going Concern

| The financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investment property

| Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date.The gain or loss on valuation is recognised in profit or loss and is subsequently transferred within equity to the Investment property reserve together with the associated deferred tax.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| TORBOUR PROPERTIES LTD (REGISTERED NUMBER: 12851447) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with 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.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities, including creditors and bank loans, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

| Investment property reserve

| The investment property reserve comprises the fair value uplift on the company's investment property net of the associated deferred tax. Any movement in the fair value of the investment property and/ or the deferred tax associated with it during the year is transferred from the profit and loss account into this reserve movement in the Statement of Changes in Equity. The reserve is non-distributable.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2023

| and 30 September 2024 | 666,293 |  |

| NET BOOK VALUE

| At 30 September 2024 | 666,293 |  |

| At 30 September 2023 | 666,293 |  |

| No valuation has been carried out on 30 September 2024 by the directors of the company.

| TORBOUR PROPERTIES LTD (REGISTERED NUMBER: 12851447) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Accrued income | 725 |  | - |  |

| Prepayments | 285 |  | - |  |

1,010 |  | - |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade creditors | - |  | 485 |  |

| Corporation Tax payable | 2,948 |  | 1,917 |  |

| Director's current account | 474,173 |  | 483,798 |  |

| Accrued expenses | 2,148 |  | 2,706 |  |

479,269 |  | 488,906 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans (see note 8) | 139,617 |  | 139,617 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

| 30.9.24 |  | 30.9.23

£ | £ |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 139,617 |  | 139,617 |  |

| Bank loan relates to Mortage loan on 209 Parkwood Mill, Longwood, Hudderfield HD3 4ZQ @ 3.93% effective rate and on 30 Station Lane, Golcar, Huddersfield HD7 4EG @ 5.46% effective rate of interest.The bank loans are secured on fixed and floating charges over company's assets.

9. | RESERVES

| Revaluation

| reserve

£ |

| At 1 October 2023

| and 30 September 2024 | 24,553 |  |

10. | RELATED PARTY DISCLOSURES

| Included within other creditors as at year end is £474,173 (2023: £483,798), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.